• 2 days ago
BSP says foreign investment transactions registered $96.59-M net inflows; PH net liability hits $74.2-B as of end-September; FCDU lending up in Q3 2024; Residential real estate prices down in Q3 2024

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Transcript
00:00The Banco Central ng Pilipinas or BSP says transactions on foreign investments recorded
00:05millions of dollars worth of net inflows. This and other stories in tonight's Business News Wrap Up.
00:13The Banco Central ng Pilipinas or BSP says transactions on foreign investments registered
00:18net inflows of 96.59 million dollars in November. The recorded net inflows are a
00:23reversal from the 529.68 million dollar net outflows in October.
00:30The country's net liability position hit 74.2 billion dollars as of the end of September,
00:36higher by 33.3 percent compared to the 55.7 billion dollars recorded in June.
00:43This development was driven by a 10.1 percent expansion in the nation's external financial
00:48liabilities which has so far outpaced the 4.8 percent growth in external financial assets.
00:56The Banco Central ng Pilipinas reported the country's outstanding loans that have been
01:00granted by Foreign Currency Deposit Units or FCDU is at 15.75 billion dollars as of September.
01:08This is a 114 million dollar increase or a 0.7 percent uptick from the June level of 15.63
01:15billion dollars as disbursements exceeded principal repayments. Residential real estate
01:22prices of various types of housing units in the country went down in the third quarter of this
01:27year. The BSP says residential property prices dropped by 2.3 percent which is its first
01:33contraction since the third quarter of 2021. While on a quarter to quarter basis, housing
01:39prices reverted into negative territory at 1.6 percent after two consecutive quarters
01:45of positive growth. Sharmza Spina from the National TV for a new and better Philippines.

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