Foreign portfolio investments turned positive in November but the year-to-date tally remained a net outflow, the Bangko Sentral ng Pilipinas (BSP) announced last Friday. The $107.71-million net “hot money” inflow was a reversal from the net outflows of $563.42 million and $607.31 million respectively posted in October and a year earlier. The balance went to peso government securities where transactions yielded net inflows of $213 million, the BSP said. The United States, the United Kingdom, Singapore, Norway, and Luxembourg were the top five investor countries for the month, with combined 73.5 percent of the total. Taking preliminary results for the first day of December into account, year-to-date hot money flows remained negative with net outflows of $634.53 million, a reversal from the $672.73 million net inflow recorded year earlier.

Source: Manila Times December 17, 2017 16:11 UTC