Net ‘hot money’ hits 2-month highhome/Business/Top Business/Net ‘hot money’ hits 2-month highNet foreign portfolio investments remained positive in January, rising to their highest in two months, based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $762.82-million net “hot money” inflow — up from December’s $278.11 million — came as investments in peso debt instruments and the Philippine Stock Exchange (PSE) more than offset outflows. The January “hot money” result was the largest net inflow since the $832.07 million posted in November. Taking preliminary results for the first day of February into account, year-to-date hot money flows were positive at a net inflow of $810.65 million. Full-year hot money flows hit a net inflow of $1.204 billion last year, an about-face from 2017’s $195.40-million net outflow.

Source: Manila Times February 14, 2019 16:18 UTC