Foreign portfolio investments hit a net inflow of $1.092 billion early in December, Bangko Sentral ng Pilipinas (BSP) data showed, rebounding from a net outflow posted a year earlier.

The central bank’s latest update on “hot money” — so called due to the ease by which the funds can be taken in and out of an economy — put year-to-date inflows at $15.102 billion against total outflows of $14.010 billion.