hot money – Thinking Port

‘Hot money’ worth $486M left PH in Jan

February 20, 2020 admin bangko sentral ng pilipinas, hot money, Top Business

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 20 Feb 2020 17:28:50 +0000

GEOPOLITICAL tensions and the coronavirus disease 2019 (Covid-2019) outbreak lead to net outflows of foreign portfolio investments reaching an eight-month high in January, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. In a statement, the BSP said last month’s $486.10-million net outflows of these investments, also called “hot money” — so called because of […]