FPI net outflows in May hit $206 million, up from $24 million

FOREIGN investors were not keen on betting on the Philippines for short-term returns in May, as foreign portfolio investments (FPI) were down during the month. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed a significant rise in the FPI net outflows in May this year, hitting $206 million. This compared to the $24-million net […] Read The Rest at :