Net ‘hot money’ outflows up in June | Inquirer Business

Net ‘hot money’ outflows up in June

Nearly 70% of foreign investments withdrawn went to the U.S.
Dollar bills

INQUIRER.net STOCK IMAGE

The net outflows of short-term foreign investments or “hot money” increased in June to reach $342 million from $270 million in May, reversing net inflows of $334 million in June 2021.

Still, the latest monthly result brought the aggregate amount of Bangko Sentral ng Pilipinas-registered foreign investments in the first six months of 2022 to net inflows of $728 million, a turnaround from net outflows of $106 million in the first semester of 2021.

ADVERTISEMENT

Outbound BSP-registered investments alone amounted to $1.4 billion in June, which was 12 percent higher than the $1.2 billion recorded in May, but 22 percent lower than the level in June last year.

More than two-thirds or 69 percent of foreign investments withdrawn from the Philippines in June went to the United States.

FEATURED STORIES

The business headlines in under one minute

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: hot money, outflows, speculative capital
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2023 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.