By Katherine K. Chan, Reporter
THE PHILIPPINES continued to see short-term foreign investments exiting the country for a second straight month in April as investors remained cautious amid heightened global uncertainty, preliminary central bank data showed.
Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks yielded a net outflow of $1.601 billion in April, a reversal of the $857.12-million net inflow a year earlier.
However, this was lower than the $1.957-billion net outflow posted in March.
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