Sunday 16 December 2018
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inquirer - 3 month ago

Hot money net inflows continue in August

The recovery of so-called hot money investments into the country s financial markets continued for a second consecutive month at the end of August due largely to good quarterly earnings reported by local publicly-listed firms, according to the central bank. In a press statement, the Bangko Sentral ng Pilipinas revealed that net inflows of portfolio investments reached $225.85 million in last month, which was a significant improvement over the $53.29 million net inflows in July and the $516.12 mill

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