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‘Hot money’ trickled back to local stock, bond markets in May

By Inquirer - 5 months ago
MANILA, Philippines — More flighty foreign funds entered the Philippines than those that left in May, halting two straight months of net outflows amid less hawkish signals from the Bangko Sentral ng Pilipinas (BSP) that fueled investors’ hopes of more relaxed financial conditions. Data released on Friday by the BSP showed that foreign portfolio investments

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