Hot money June net inflow $44M

The movement of portfolio investments in and out of the Philippines resulted in a net inflow in June, reversing a net outflow seen a year earlier but narrowing from the investment level recorded in May, central bank data shows.

Transactions in June showed a net inflow of $44 million, a reversal of the $85 million net outflow a year earlier, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday.