The remaining 7.7 percent went to investments in peso-denominated government securities.
Outflows for June of $1.3 billion were lower compared to the level recorded for May of $1.5 billion, or by 15.9 percent. The US received 61.4 percent of total outflows. “This is larger than the $721 million net outflows noted for the same period last year brought about by uncertainties due, among others, to the impact of the COVID-19 pandemic to the global economy and financial system,” the central bank said.
daxINQ Now who would invest money in the Philippines when you have a government that threatens to close down businesses perceived to be 'enemies'?
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