$305M in 'hot money' leaves PH

By Mayvelin U. Caraballo

Apr 29, 2022 12:21 am

NET 'hot money' outflows hit $305.08 million in March, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, the largest in eight months.

At $1.58 billion, gross foreign portfolio investment outflows exceeded the $1.27 billion in inflows recorded that month. The last time net outflows were higher was in July 2021 at $339.70 million.

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