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.
Article continues after this advertisement
Meanwhile, four-fifths of gross inflows were put into Philippine Stock Exchange-listed shares while one-fifth was invested in government securities.
FEATURED STORIES
BUSINESS
Of the gross outflows, 82 percent came from the United Kingdom, United States, Luxembourg, Hong Kong, and Singapore.
READ MORE:
Article continues after this advertisementNet inflow of ‘hot money’ skyrocketed in Jan to $292M
Your subscription could not be saved. Please try again.
Your subscription has been successful.
READ NEXT
EDITORS' PICK
