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PH saw $312-M net outflow of ‘hot money’ in April

By Inquirer - 6 months ago
Flighty foreign funds posted a bigger outflow in April compared to the previous month, reflecting heavy foreign selling in the local stock market amid geopolitical risks and diverging rate outlook in the United States. Data from the Bangko Sentral ng Pilipinas (BSP) showed foreign portfolio investments (FPI) recorded net outflows of $312 million. This was

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