Thursday 16 August 2018
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2 months ago

Hot money resumes outflow in May

Hot money investments resumed their outflow in May after a two-month respite, but the year-to-date tally of these short-term fund flows remained positive, the Bangko Sentral ng Pilipinas said on Thursday. In a statement, the central bank said that registered foreign portfolio investments during May 2018 amounted to $1.2 billion, down by 11.9 percent and 18.4 percent from figures recorded the previous month and a year ago, respectively. This may be attributed to higher US Treasury yie

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