‘Hot money’ fled PH in droves in May; monthly inflows fell to weakest in over 10 years

‘Hot money’ fled PH in droves in May; monthly inflows fell to weakest in over 10 years

MANILA, Philippines — So-called hot money investors fled from Philippine financial markets in droves during the peak of the lockdown imposed by the government to fight the coronavirus pandemic, aggravating already bad portfolio investment numbers since the start of the year, according to the central bank. In a statement, the Bangko Sentral ng Pilipinas (BSP) […]
Spooked ‘hot money’ investors fled PH in Q1

Spooked ‘hot money’ investors fled PH in Q1

Short-term investments in Philippine financial markets fled the country at the end of the first quarter as the coronavirus pandemic dampened sentiment among money managers around the world, the latest data from the central bank showed. According to the Bangko Sentral...