August hot money inflows hit $534M

MORE SHORT-TERM foreign investments flowed into the Philippines in August, data from the Bangko Sentral ng Pilipinas (BSP) showed. Transactions on foreign investments registered with the central bank through authorized banks posted a net inflow of $533.95 million, surging by 248% from the $153.46-million inflow posted a year ago. Month on month, inflows fell by […]

August hot money inflows hit $534M
MORE SHORT-TERM foreign investments flowed into the Philippines in August, data from the Bangko Sentral ng Pilipinas (BSP) showed. Transactions on foreign investments registered with the central bank through authorized banks posted a net inflow of $533.95 million, surging by 248% from the $153.46-million inflow posted a year ago. Month on month, inflows fell by […]