The flow of short-term foreign investments or “hot money” that are registered with the Bangko Sentral ng Pilipinas reversed to a net outflow of $531 million in February after four straight months of net inflows. /PDI
Compared to year ago figures, gross inflows fell by 28 percent from $945 million while gross outflows jumped by 81 percent from $670 million. The February data brought two-month traffic to a net $239 million flowing out from the Philippines. This was a reversal from the net inflows of $289 million posted in January-February of 2022.
For inflows into PSE-listed securities, these mainly went to shares in companies that are engaged in banking and operating as holding firms as well as those in the business of property; food; beverage and tobacco; and electricity, energy, power and water.
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