MORE SHORT-TERM foreign investments flowed out of the Philippines in June, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Transactions on foreign investments registered with the central bank through authorized banks posted a net outflow of $27.26 million.
This was a reversal of the $42.86-million net inflow in May, as well as the $280,000 inflow a year ago.
These foreign portfolio investments are also called “hot money” due to the ease by which these funds enter and leave the economy
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