Saturday 24 February 2018
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3 months ago

BSP: More ‘hot money’ left PH in October

Foreign portfolio investments swung to a net outflow of $563.42 million in October mainly due to profit-taking, widening the year-to-date hot money outflows, the Bangko Sentral ng Pilipinas saidThursday. Data showed that the $1.948-billion outflow of portfolio investment last month exceeded the $1.385-billion inflow, reversing the net inflows of $112.63 million in September as well as October last year s $59.87 million. The hot money inflows in October were nonetheless 6.8-percent higher than September

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