SHORT-TERM foreign investments plunged in August, the Bangko Sentral ng Pilipinas (BSP) reported late on Monday, with the net inflow of $533.95 million down 61.4 percent from the $1.38 billion recorded a month earlier.
SHORT-TERM foreign investments plunged in August , the Bangko Sentral ng Pilipinas reported late on Monday, with the net inflow of $533.95 million down 61.4 percent from the $1.38 billion recorded a month earlier.Registered investments fell by 43.7 percent to $1.062 billion while outflows also dropped to $836.78 million, or 20.3 percent. These hit $2.43 billion and $1.05 billion in August .
The US remained the top destination of outflows, receiving $436.33 million or 52.1 percent of the total.Registered investments were also lower year on year, falling 4.8 percent from the $1.44 billion recorded in August last year, while gross outflows plunged 35 percent from the year-earlier $1,287.12 million.The $533.95 million in net inflows, on the other hand, were 247.9 percent more than the $153.46 million recorded a year ago.Year to date, net hot money flows rose to $1.
Hot Money Flows Plummet In August
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