Foreign portfolio investments to the Philippines, also known as “hot money,” suffered a 60.4-percent dip to $999 million in August from $2.5 million in the previous month.

In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) attributed the decrease to lower Philippine Stock Exchange (PSE)-listed securities and peso government securities (GS), which recorded at $863 million and $136 million, respectively.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details