“Hot money” or the country’s foreign portfolio investments declined by 4.1 percent to $2.5 billion in October, as investment in shares listed at the Philippine Stock Exchange (PSE) dropped by 28.5 percent, according to the Bangko Sentral ng Pilipinas (BSP) on Thursday.

In a statement, BSP said that the decline to $2.5 billion from September’s $2.6 billion was because investment in PSE-listed shares dropped to $1.3 billion in October from last month’s recorded $1.8-billion.

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