Business
Hot Money Inflows to Philippines Plummet 91% in July
Foreign portfolio investments in the Philippines, also known as "hot money," saw a net inflow of only $66.47 million in July, a steep 91% decline year-on-year, as outflows nearly matched inflows.
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- Philippine ‘hot money’ net inflow plunges 91% in July
Net inflow of foreign portfolio investments (hot money) into the Philippines plunged 91% year-on-year to $66 million in July, primarily due to outflows from government securities, though stock market inflows persisted.