Net 'hot money' flows stay positive

Sep 01, 2023 12:34 am

SPECULATIVE foreign investments remained positive for a second straight month in July, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.

Foreign investments registered with the BSP — also called 'hot money' given the ease by which the funds can be taken in and out of an economy — posted a net inflow of $962 million.

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