'Hot money' exit continues in Oct

Dec 02, 2023 12:38 am

SHORT-TERM foreign investment flows remained negative in October, the Bangko Sentral ng Pilipinas (BSP) reported late on Thursday.

Foreign investments registered with the central bank via authorized agents — also called 'hot money' given the ease by which the funds can be taken in and out of an economy — posted a net outflow of $328 million.

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