Hot money reverts to $270 million outflow - Philstar.com
7/1/2022 12:00:00 AM3 years 8 months ago
by Lawrence Agcaoili
by Lawrence Agcaoili
More speculative funds exited the Philippines as foreign portfolio investments reverted to a net outflow in May due to uncertainties prior to the general elections as well as the more hawkish US Federal Reserve.
MANILA, Philippines — More speculative funds exited the Philippines as foreign portfolio investments reverted to a net outflow in May due to uncertainties prior to the general elections as well as t… [+2819 chars]
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