FOREIGN investments registered with the Bangko Sentral ng Pilipinas (BSP), through authorized agent banks, in February this year yielded net inflows of $689 million, data released by the central bank showed.
This is a reversal from the $76 million net outflows the previous month, the BSP said.
The “hot money” net inflows resulted from the $1.5 billion gross inflows and $859 million gross outflows for the month, the central bank said.
These investments are called “hot money” due to the ease with which they can enter and exit an economy.
During the month, 61.4 percent of registered investments were in Peso GS (Government Securities), while the remaining 38.6 percent were in PSE-listed securities such as in bank, transport services, holding firms, property, food, beverage and tobacco, records showed.
Investments for the month mostly came from the UK, Singapore, United States, Luxembourg and Hong Kong. (ABS-CBN News)
