Net foreign portfolio investments in the Philippines ended April with their biggest net outflow in eight months, with mounting concerns over the impending local elections, the global oil supply surplus and the slump in Chinese equities prompting many investors to cash out, moving most of the funds to the US market.
Data from the Bangko Sentral ng Pilipinas (BSP) on Friday showed that hot money registered a $354.05-million net outflow in April.
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
.