Foreign investors inject $334-M 'hot money' in June

By Mayvelin U. Caraballo

Aug 03, 2021 1:19 am

The Bangko Sentral ng Pilipinas (BSP) said a mix of good and negative developments in the country prompted foreign portfolio investors to inject more than $334 million in 'hot money' into the Philippines in June.

According to central bank data, net inflows of foreign portfolio investments, or 'hot money' - so named because of how rapidly they move in and out of the economy - totaled $334.51 million in June, down from $416.74 million in May.

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