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  • Writer's pictureBy The Financial District

Exit Of "Hot Money" Continued In May

More foreign capital left the Philippines for a fourth straight month in May, although significantly lower than a year ago as investor sentiment improved.


Photo Insert: Foreign portfolio investments are commonly referred to as “hot money” due to the ease by which these funds enter or leave the economy.



Data from the Bangko Sentral ng Pilipinas (BSP) showed transactions on foreign portfolio investments registered with the central bank through authorized agent banks posted a net outflow of $124.49 million in May.


This is a 54% drop from the $ 270.42 million net outflow in the same month last year. Month on month, it was 64.6% lower than the $351.87-million net outflow in April.



Foreign portfolio investments are commonly referred to as “hot money” due to the ease by which these funds enter or leave the economy.


The lower hot money outflows in May were likely due to the better economic landscape, China Banking Corp. Chief Economist Domini S. Valasquez.





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