ENP Newswire -
Release date- 11062014 - Registered foreign portfolio investments for
Outflows for the month declined year-on-year from
About 75.2 percent of the investments were in PSE-listed securities (property companies; banks; holding firms; food, beverage and tobacco firms; and telecommunication companies); 20.7 percent in Peso government securities; and the rest (or 4.1 percent) in Peso Time Deposits.
Registration of inward foreign investments with the Bangko Sentral ng Pilipinas (BSP) is voluntary under the liberalized rules on foreign exchange transactions. The issuance of a BSP registration document entitles the investor or his representative to buy foreign exchange from authorized agent banks and/or their subsidiary/affiliate foreign exchange corporations for repatriation of capital and remittance of earnings that accrue on the registered investment. Without such registration, the foreign investor can still repatriate capital and remit earnings on his investment but the foreign exchange will have to be sourced outside the banking system.
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