Philippines sees strong ‘hot money’ inflow despite currency weakness
Net inflow of foreign portfolio investments into Philippines hits six-month high, in contrast to weakness in peso
The net inflow of foreign portfolio investments (FPI) into the Philippines amounted to $206 million in July, reaching the highest level in six months and showing a sharp increase on the $73 million recorded in June.
According to a data release published on August 17, in July, gross FPI inflows registered $1.4 billion, while outflows were $1.2 billion.
In the release, the Central Bank of the Philippines (BSP) says the net inflow can be attributed to the positive investor sentiment on inflation
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