Hot money flows turn positive in Feb

Mar 29, 2024 12:20 am

SHORT-TERM foreign investments rebounded in February after declining at the start of the year, the Bangko Sentral ng Pilipinas (BSP) reported late on Wednesday.

Foreign investments registered with the central bank via authorized agents — commonly referred to as 'hot money' due to the ease by which these can be moved in and out of the country — posted a net inflow of $689 million.

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