MANILA, Philippines--More short-term investments fled the Philippines than those that entered it for the second month in a row --- a phenomenon that regulators attributed to the delayed approval of the national budget, as well as economic jitters in the aftermath of last month's strong earthquake. In a statement, the Bangko Sentral ng Pilipinas (BSP) said that registered foreign portfolio investment transactions for the month of April yielded net outflows of $299 million, resulting from gross outflows of $1.3 billion and gross inflows of $990 million. This follows similar net outflows of $739 million in March, which contributed to the year-to...
Keep on reading: ‘Hot money’ net inflows drop 97% in Jan-April
from INQUIRER.net http://bit.ly/2M3k7i8
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