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.
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