PHL posted $531-M net ‘hot money’ outflow in February
Foreign portfolio investments posted its widest outflow in almost two years in February, data released by the Bangko Sentral ng Pilipinas (BSP) showed.
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Portfolio funds reverted as net investment flows in January
Short-term foreign investments, also called “hot” money transactions, started the year on a positive note in January as net outflows two months prior fortunately reverted to net inflows instead.
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