Data released by the BSP showed the net inflow of foreign investments registered with the central bank through authorized agent banks amounted to $1.03 billion in September, reversing the $698.01 million net outflow recorded a year ago.
In September, gross inflows more than doubled to $2.53 billion from $887.61 million in the same month last year. On the other hand, gross outflows slipped by five percent to $1.51 billion from a year-ago level of $1.59 billion.
Foreign portfolio investments are also known as hot money or speculative funds as these flow regularly between financial markets as investors attempt to ensure they get the highest short-term interest rates possible.
Bu hikaye The Philippine Star dergisinin November 01, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin November 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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