Read this in The Manila Times digital edition.
SHORT-TERM foreign investments turned negative last year, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, reversing to a net outflow of $247.3 million from 2022's net inflow of $886.7 million.
Total outflows amounted to $13.1 billion, a 14.6-percent increase from the previous year's $11.5 billion, while inflows totaled $12.9 billion, 4.4 percent up from the year-earlier P12.34 billion.
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