‘Hot money’ outflows surge to 4-month high

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‘Hot money’ outflows surge to 4-month high

Foreign portfolio investments that left the country soared to its highest level in four months in September, partly on account of the coronavirus disease 2019 (Covid-19) pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Data from the central bank showed on Thursday that net outflows of these investments, or “hot money” — so named […]
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