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Friday, January 27, 2023

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'Hot money' flows post 2022 rebound

FOREIGN investments turned positive last year, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, with so-called "hot money" rebounding from 2021's $574-million net outflow to a net inflow of $887 million. Transactions involving shares in Philippine Stock Exchange (PSE)-listed firms hit a net $179 million, the BSP said in a statement, also reversing from the previous year's outflow of $956 million. Investments in peso-denominated government securities saw net inflows of $694 million, improving from 2021's $398 million. The transactions, originally called foreign

By Eireene Jairee Gomez - January 27, 2023

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by The Manila Times

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Agribusiness

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The Massey Ferguson 2168 combine harvester can withstand the country’s tropical conditions. CONTRIBUTED PHOTO

Massey Ferguson harvester endures PH conditions