$14-M hot money enters PH in Jan

By Mayvelin U. Caraballo

Feb 25, 2022 8:48 am

THE Bangko Sentral ng Pilipinas (BSP) reported on Friday that $14.60 million in foreign portfolio investments, or 'hot money,' entered the economy in January.

According to the most recent figures from the central bank, last month's net inflows — the result of $731.42 million in gross inflows and $716.82 million in gross outflows — were a turnaround from the net outflows of $4 million in December previous year.

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