{"id":109349,"date":"2024-03-28T00:00:00","date_gmt":"2024-03-28T00:00:00","guid":{"rendered":"http:\/\/malaysiantribune.com\/?guid=a7af7a245d59b238b3c1116c2d461cfd"},"modified":"2024-03-28T00:00:00","modified_gmt":"2024-03-28T00:00:00","slug":"bsp-hot-money-inflows-hit-686-million-in-february-2","status":"publish","type":"post","link":"https:\/\/malaysiantribune.com\/bsp-hot-money-inflows-hit-686-million-in-february-2\/","title":{"rendered":"BSP: Hot money inflows hit $686 million in February"},"content":{"rendered":"
\nMANILA: Foreign portfolio investments or hot money registered with the Bangko Sentral ng Pilipinas (BSP) through authorized banks recorded net inflows of USD689 million in February this year.<\/p>\n
Data released by the BSP late Wednesday showed that this resulted from the USD1.5 billion gross inflows and USD859 million gross outflows for the month.<\/p>\n
The net inflow last month is a reversal from the USD76 million net outflows recorded in January 2024.<\/p>\n
Foreign portfolio investments are also called hot money due to the speed with which they come in and out of the economy.<\/p>\n
The USD1.5 billion registered investments for the month are higher by 25.3 percent compared to the USD1.2 billion recorded in January 2024.<\/p>\n
During the month, 61.4 percent of registered investments were in Peso Government Securities (GS) while the remaining 38.6 percent were in Philippine Stock Exchange-listed securities most of which were investments made in banks, transportation services, holding firms, property, food, beverage, and tobacco.<\/p>\n
Inv
\nestments for the month mostly came from the United Kingdom, Singapore, the United States, Luxembourg, and Hong Kong.<\/p>\n
The USD859 million gross outflows for the month meanwhile went down by 34.5 percent from the USD1.3 billion recorded gross outflows in January.<\/p>\n
The US remains the top destination of outflows, receiving USD485 million of total outward remittances.<\/p>\n
For the first two months of the year, foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of USD613 million, a turnaround compared to the USD258 million net outflows noted for the same period last year.<\/p>\n
Source: Philippines News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
MANILA: Foreign portfolio investments or hot money registered with the Bangko Sentral ng Pilipinas (BSP) through authorized banks recorded net inflows of USD689 million in February this year.<\/p>\n
Data released by the BSP late Wednesday showed that this r…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n