PH net external liability up 44.1% to $68.3 billion in June

The Philippines' net external liability increased to $68.3 billion in June, driven by a significant rise in foreign investments.

This represents a 44.1% jump from the previous year and a 9.8% increase from March.

The growth in external liabilities was primarily due to a 2.7% expansion in foreign investments in Philippine assets, reaching $325.2 billion.

Meanwhile, Philippine investments in foreign assets saw a slower growth of 0.9%, totaling $256.9 billion.

The International Investment Position (IIP) data indicates that foreign investors placed more funds into the country than Filipinos invested abroad.

Despite the rise in external liabilities, the sustained inflow of foreign investments signals continued investor confidence in the Philippine economy.