NET outflows of foreign portfolio investments reached $35.72 million last month, significantly lower than the figures posted in May and a year ago, according to the Bangko Sentral ng Pilipinas (BSP).

Data from the central bank showed on Thursday that the June net “hot money” outflows — so named because of how easily these enter and leave the economy — dropped from $749.84 million the month before and $516.12 million in June 2018.