Read this in The Manila Times digital edition.
THE Bangko Sentral ng Pilipinas (BSP) reported that a mix of positive and negative factors drove foreign portfolio investors to withdraw more than $300 million from the Philippines in July.
According to central bank figures released on Thursday, net withdrawals of foreign portfolio investments, or "hot money," hit $339.70 million in July, a reversal of the $334.51-million net inflows in June.
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