Hot money $1.7B net inflow yr-to-date shows outflow ebbing

FOREIGN portfolio investments in the Philippines registered a net inflow of $1.697 billion in the first three months of the year, with outflows continuing to ebb not just during the latest week under review but since the end of last year, central bank data shows.

The weekly update on foreign portfolio investments – also called hot money – shows a net outflow of $50.20 million for the week ending March 20, recovering slightly from a net outflow of $142.62 million in the week earlier.