Net ‘hot money’ hits two-month lowhome/Business/Top Business/Net ‘hot money’ hits two-month lowForeign portfolio investments remained positive in February but hit a two-month low, Bangko Sentral ng Pilipinas (BSP) data released on Thursday showed. The $339.57-million net “hot money” inflow — down from January’s $762.82 million but a rebound from the year-earlier’s net outflow of $528.53 million — came as investments in government securities, peso instruments and Philippine Stock Exchange (PSE)-listed issues more than offset outflows. It was the lowest net inflow since the $278.11 million posted in December. The United Kingdom, the United States, Singapore, Luxembourg and Norway were the top five investor countries with a combined 67 percent of the total. Taking preliminary results for the first day of March into account, year-to-date hot money flows were positive at a net inflow of $1.151 billion.

Source: Manila Times March 14, 2019 16:41 UTC