Net ‘hot money’ inflows surged to $292M in January
The net inflows of Bangko Sentral ng Pilipinas-registered short-term investments or “hot money” surged to $292 million in January 2023, from $93 million in December and $14.6 million in January 2022.
Last January, $1 billion of BSP-registered foreign investments flowed in while $712 million flowed out.
Close to two-thirds (63 percent or about $630 million) of gross inflows were put into Philippine Stock Exchange-listed shares while 37 percent was invested in government securities.
More than four-fifths (84 percent or $840 million) of gross inflows came from the United Kingdom, the United States, Singapore, Luxembourg and Hong Kong.
Meanwhile, 69 percent (about $491 million) of the gross outflows went to the United States.