Philippines sees strong ‘hot money’ inflow despite currency weakness

philippines-peso
Net inflows of hot money to the Philippines hit a six-month high in July

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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