PH posted net ‘hot money’ outflows of $531M in Feb
MANILA -Bangko Sentral ng Pilipinas-registered short-term investments or “hot money” reversed to net outflows of $531 million in February from net inflows of $292 million in January and $274 million in February last year.
In February, $680 million of BSP-registered foreign investments flowed in while $1.2 billion flowed out.
About two-thirds or 67 percent of gross outflows went to the United States.
Meanwhile, four-fifths of gross inflows were put into Philippine Stock Exchange-listed shares while one-fifth was invested in government securities.
Of the gross outflows, 82 percent came from the United Kingdom, United States, Luxembourg, Hong Kong, and Singapore.
Net inflow of ‘hot money’ skyrocketed in Jan to $292M
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