$961M ‘hot money’ exits PH in March

May 08, 2020 12:34 pm

A six-year high of $961.05-million foreign portfolio investments left the Philippines in March, Bangko Sentral ng Pilipinas (BSP) data showed.

March’s net outflows of “hot money” — so called because of how easily these go in and out of the economy — was a turnaround from February’s $40.06-million net inflows.

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