Net ‘hot money’ outflow tops $296M in May – BSP

Foreign portfolio investments turned negative in May, recording the biggest net outflow in three months based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $206.35-million net “hot money” outflow was a reversal from April’s net inflow of $279.29 million. The result was the largest net outflow since February’s $545.14 million and was also higher than [...]

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