Wednesday 23 August 2017
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3 months ago

PH posted $51.49-M net inflow of ‘hot money’ in April

Investors anticipation of sustained strong economic growth in the first quarter attracted a net inflow of foreign portfolio investment or hot money worth $51.49 million in April, the Bangko Sentral ng Pilipinas said. Last April, the $1.32 billion in portfolio investment inflow exceeded the $1.27 billion in outflow, reversing the net outflow posted during the two preceding months as well as a year ago, latest BSP data showed. The hot money inflow that month was up 3.6 percent year-on-year but down 3.9

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