INQUIRER: NET 'HOT' MONEY INFLOW IN OCT DOWN BY 83%
The net inflow of foreign portfolio investments to the Phils shrunk in Oct. due mainly to profit-taking by equity investors, according to the central bank. Data from the BSP showed that the net inflow of "hot money" in Oct amounted to only $40 million, DOWN by about 83% from $237 million in the same month last year.
The net inflow of foreign portfolio investments to the Phils shrunk in Oct. due mainly to profit-taking by equity investors, according to the central bank. Data from the BSP showed that the net inflow of "hot money" in Oct amounted to only $40 million, DOWN by about 83% from $237 million in the same month last year.
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