Last month’s net inflow reversed the $440.3 million and $67.83 million net outflows booked in September and October. Foreign portfolio investments are also called hot or speculative money because of its flighty nature. The BSP data showed hot money inflows soared by 80.5 percent to $2.04 billion in November from $1.13 billion in the same month last year. The central bank said transactions in PSE-listed securities yielded net inflows of $332 million in November, while that of peso government securities booked higher net inflows amounting to $510 million. Foreign portfolio investments inflow was steady at $14.45 billion in the first 11 months, while outflows declined by 11.2 percent to $13.53 billion from $15.23 billion.

Source: Philippine Star December 16, 2018 15:56 UTC