The amount of Philippine financial assets owned by foreign entities increased at the end of last year, outstripping the increase in the value that locals invested overseas, according to the latest data from the central bank. | daxINQ
The international investment position is a snapshot of Filipinos’ investments in foreign financial assets plus gold bullion held as reserve assets, versus foreigners’ investments locally. The difference between these assets and liabilities represents either a net claim on or a net liability to the rest of the world.
On a quarterly basis, the country’s total external financial liabilities rose by $5.1 billion as of end-December 2019 due to transaction inflows, particularly in the form of foreign direct investments in equity capital and debt instruments, coupled with positive exchange rate and other valuation adjustments.
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