‘Hot money’ outflow dips to $67.8M in Octhome/Business/Top Business/‘Hot money’ outflow dips to $67.8M in OctFOREIGN portfolio investments remained negative in October, but the net outflow was lower compared to the previous month and a year earlier, Bangko Sentral ng Pilipinas (BSP) data released on Friday showed. Registered foreign portfolio investments amounted to $952.60 million in October, 28.2 percent higher than the $743.31 million recorded a month earlier. The United Kingdom, the United States, Singapore, Norway, and Luxembourg were the top five investor countries with a combined 82.4 percent of the total. The United States remained the main destination of repatriated funds, accounting for 77.7 percent. Year-to-date, hot money flows were positive with a net inflow of $93.89 million.

Source: Manila Times November 16, 2018 17:44 UTC