MANILA, Philippines (Xinhua) - Foreign portfolio investments or hot money swung to a net inflow of $1.19 billion in February from a net outflow of $354.86 million in the same month last year, the central bank (BSP) said today. The latest figure is also the highest net hot money inflow recorded by the BSP after January 2013's $1.27 billion. "Investments rose due to block sale of shares of two holding firms and renewed interest in peso government securities," the BSP said in a media releasee. Gross inflows went up 70 percent to $2.55 billion in February, while gross outflows dropped 26 percent, according to the BSP. Continue reading...
