MANILA -Bangko Sentral ng Pilipinas-registered short-term investments or “hot money” reversed to net outflows of $531 million in February from net inflows of $292 million in January and $274 million in February last year.
In February, $680 million of BSP-registered foreign investments flowed in while $1.2 billion flowed out.
About two-thirds or 67 percent of gross outflows went to the United States.
Meanwhile, four-fifths of gross inflows were put into Philippine Stock Exchange-listed shares while one-fifth was invested in government securities.
Of the gross outflows, 82 percent came from the United Kingdom, United States, Luxembourg, Hong Kong, and Singapore.
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Net inflow of ‘hot money’ skyrocketed in Jan to $292M
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