The Bangko Sentral ng Pilipinas (BSP) expects foreign portfolio investments to exit the Philippines this year and the next, extending a net outflow seen since 2014, given continued uncertainty in the global financial markets.
In line with downward revisions to expected remittances, dollar reserves and other macroeconomic forecasts for the year, the central bank revised its 2015 projection for foreign portfolio investments, also called hot money.
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