‘Hot money’ outflow accelerates to $516M

FOREIGN portfolio investments remained in negative territory in June, recording the biggest net outflow in four months based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $516.12-million net “hot money” outflow was higher than May’s $206.35 million. It was the largest since February’s $545.14 million and also a reversal of the year-earlier net inflow of [...]

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