PHILSTAR: NET HOT MONEY INFLOW DOWN 25% IN 10 MOS
Profit taking caused a SLOW DOWN in foreign portfolio investments in October, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Also called "hot money" for the ease they enter and exist economies, portfolio investments posted a net inflow of $40.16 million. This brought the year-to-date tally to $2.663 billion from January to October DECREASING 25% from $3.593B year-ago levels, BSP data showed.
Profit taking caused a SLOW DOWN in foreign portfolio investments in October, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Also called "hot money" for the ease they enter and exist economies, portfolio investments posted a net inflow of $40.16 million. This brought the year-to-date tally to $2.663 billion from January to October DECREASING 25% from $3.593B year-ago levels, BSP data showed.
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