The net inflows of Bangko Sentral ng Pilipinas-registered short-term investments or “hot money” surged to $292 million in January 2023, from $93 million in December and $14.6 million in January 2022.
Last January, $1 billion of BSP-registered foreign investments flowed in while $712 million flowed out.
Close to two-thirds (63 percent or about $630 million) of gross inflows were put into Philippine Stock Exchange-listed shares while 37 percent was invested in government securities.
More than four-fifths (84 percent or $840 million) of gross inflows came from the United Kingdom, the United States, Singapore, Luxembourg and Hong Kong.
Meanwhile, 69 percent (about $491 million) of the gross outflows went to the United States.
READ:
PH posted net ‘hot money’ inflows of $887M in 2022
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
