ManilaTimes-May 8

A six-year high of $961.05-million foreign portfolio investments left the Philippines in March, Bangko Sentral ng Pilipinas (BSP) data showed.

March’s net outflows of “hot money” — so called because of how easily these go in and out of the economy — was a turnaround from February’s $40.06-million net inflows.The latest amount was the biggest since the $1.84-billion net outflows in January 2014 last year, more than the year-earlier net outflows of $739 million.

Read more at https://www.manilatimes.net/2020/05/08/news/latest-stories/961m-hot-money-exits-ph-in-march/723522/