Hot money exit continues in July
Published on: Thursday 25 August 2022
MANILA, Philippines — More speculative funds flowed out of the Philippines than what came in as foreign portfolio investments, resulting in a net outflow for the third straight month in July, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed that total foreign investments registered through authorized agent banks logged a net outflow amounting to $103.14 million in July, almost 70 percent lower than the...