Foreign portfolio investments that left the country rose to a two-month high in July, according to the Bangko Sentral ng Pilipinas (BSP), which partly attributed this to the impact of the coronavirus disease 2019 (Covid-19) crisis.

Data from the central bank showed on Thursday that net outflows of these investments, or “hot money” — so named because of how easily these enter and exit the economy — soared to $453.17 million last month, the widest since May’s $1 billion.

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