MANILA -The net outflows of short-term foreign investments or 'hot money' registered with the Bangko Sentral ng Pilipinas shrank by 54 percent to $124 million in May from $270 million in the same month last year, according to the Bangko Sentral ng Pilipinas. The BSP said the net outflows in May were also 65 percent less than the $352 million recorded in April In May, $845 million of BSP-registered foreign investments flowed in while $969 million flowed out. Gross outflows in May were 9 percent lower than the $1.

https://business.inquirer.net/407852/net-hot-money-outflows-shrank-by-54-in-may

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