Net foreign portfolio investments worth over $40 million left the country in February, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, citing recent domestic developments for the latest figure.
Central bank data showed that net outflows of these investments, or “hot money” — so called because of how easily these go in and out of the economy — hit $40.41 million in the second month of 2021, a reversal of January’s $97.92-million net inflows.
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