Hot money outflows rise to $312M in April

Jun 03, 2024 12:42 am

SHORT-TERM foreign investments remained negative in April with net outflows also having risen from the previous month, the Bangko Sentral ng Pilipinas (BSP) reported late Friday.

Foreign investments registered with the central bank through authorized agents, also known as 'hot money,' as the funds are frequently moved to maximize profits from interest rates, recorded a net outflow of $312 million.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

BSP: Rate cuts still ahead but pause possible

IMF: 'Tit-for-tat' tariffs could undermine regional growth

DA considering imports, cites heavy farm losses from storms

PH-Cambodia taxation deal reset

BOI wants more use of PH-made auto parts

Regulator says no domestic sugar oversupply

Leadership style and an organization's sustainability