Foreign portfolio investments to the Philippines, also known as “hot money,” recorded an inflow of $2.6 billion in the month of September because of the resurgence of investor confidence, data from the Bangko Sentral ng Pilipinas (BSP) showed on Thursday.
The BSP attributed the higher investments inflow to the positive economic data from China, and the easing geopolitical tensions between the United States and Syria. The data showed that inflows in September more than doubled the $1-billion inflows in August.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.