Hot money reverts to $57-M net inflow

NET foreign portfolio investments posted inflows in February, reversing the outflows recorded in January but significantly lower year-on-year, the Bangko Sentral ng Pilipinas reported on Friday.

February’s net hot money inflow of $57.74 million reversed the $129.85 million recorded in January, the central bank said. A year earlier, the country saw foreign portfolio investments hit a net inflow of $1.190 billion.