Foreign portfolio investments to the Philippines, also known as “hot money,” posted an outflow of $353 million in the week ending December 13, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The BSP data showed that hot money inflows reached $313 million, while outflows were recorded at $666 million. This brought net inflows to reach $4.245 billion for the period of January to December 13.
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