The net inflow in May was also a turnaround from the $312.18 million that left the country in April, ending two straight months of hot money outflows.
This has brought the five-month tally to a net inflow of $108.1 million, a reversal from the $794.18 million outflows in the same period last year.
Foreign portfolio investments, also known as hot money or speculative funds, flow regularly between financial markets as investors attempt to ensure they get the highest short-term interest rates possible.
Diese Geschichte stammt aus der June 29, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der June 29, 2024-Ausgabe von The Philippine Star.
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