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‘Hot money’ outflow accelerates to $516M

FOREIGN portfolio investments remained in negative territory in June, recording the biggest net outflow in four months based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $516.12-million net “hot money” outflow was higher than May’s $206.35 million. It was the largest since February’s $545.14 million and also a reversal of the year-earlier net inflow of [...] The post ‘Hot money’ outflow accelerates to $516M appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJul 12th, 2018

‘Hot money’ net inflow continued in August

The recovery of so-called hot money investments into the country's financial markets continued for a second consecutive month at the end of August, due largely to good quarterly earnings reported by local publicly listed firms, according to the central bank.   In a press statement, the Bangko Sentral ng Pilipinas revealed that net inflow of portfolio investments reached $225.85 million last month, which was a significant improvement over the $53.29-million net inflow in July and the $516.12-million in outflow for June.   Since the beginning of the year, local financial markets have recorded a net inflow of $602.01 million, in sharp contrast to the $318.88-million ne...Keep on reading: ‘Hot money’ net inflow continued in August.....»»

Category: newsSource:  inquirerRelated NewsSep 14th, 2018

Hot money inflows highest in 4 months

Foreign portfolio investment inflows hit a four-month high of $225.85 million in August, reversing a net outflow of $57.52 million in the same month last year on the back of good second quarter corporate earnings results......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2018

Hot money swings to positive in August despite slower GDP growth

Portfolio placements registered a net inflow of $225.85 million last month, reversing the $57.52 million net outflow same period a year ago......»»

Category: newsSource:  philstarRelated NewsSep 13th, 2018

Hot money reverses to net inflow in first half of 2018

Net inflow of foreign portfolio investments amounted to $306.25 million in the first half, a complete reversal of the $467.83 million net outflow recorded in the same period last year despite strong outflows in May and June due to investor concern on inflation as well as the weak peso and rising interest rates in the US......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2018

Inflation, weaker peso stoke hot money outflow in June

More foreign capital went out of the Philippines for a second consecutive month, reflecting market jitters stoked by rising inflation and a weaker peso, the Bangko Sentral ng Pilipinas reported on Thursday......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2018

Hot money resumed outflow in May

Hot money investments resumed their outflow in May after a two-month respite, but the year-to-date tally of these short-term fund flows remained positive, the Bangko Sentral ng Pilipinas said on Th.....»»

Category: newsSource:  philippinetimesRelated NewsJun 16th, 2018

‘Hot money’ resumed outflow in May

  Hot money investments resumed their outflow in May after a two-month respite, but the year-to-date tally of these short-term fund flows remained positive, the Bangko Sentral ng Pilipinas said on Thursday.   In a statement, the central bank said that registered foreign portfolio investments during May 2018 amounted to $1.2 billion, down by 11.9 percent and 18.4 percent from figures recorded the previous month and a year ago, respectively.   "This may be attributed to higher US treasury yields and investor concerns on a weaker peso and rising oil prices, which may affect inflation," the BSP said.   The United Kingdom, US, Singapore, Malaysia, ...Keep on reading: ‘Hot money’ resumed outflow in May.....»»

Category: newsSource:  inquirerRelated NewsJun 16th, 2018

Hot money resumes outflow in May

Hot money investments resumed their outflow in May after a two-month respite, but the year-to-date tally of these short-term fund flows remained positive, the Bangko Sentral ng Pilipinas said on Th.....»»

Category: newsSource:  philippinetimesRelated NewsJun 15th, 2018

Hot money outflow surges in May 2018

Foreign portfolio funds reverted to a net outflow in May as investors opted to take their money out of the country due to higher US Treasury yields as well as rising investor concerns over the continued weakening of the peso and rising oil prices which put pressure on inflation, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2018

Hot money back to net outflow on peso, inflation worries

MORE FOREIGN FUNDS left the Philippines in May, capping two months of net inflows, amid global geopolitical tensions and higher yields in the United States, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The post Hot money back to net outflow on peso, inflation worries appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 14th, 2018

Philex Mining net income drops on lower production

Philex Mining Corp. reported a 24% drop in its first quarter core net income to P346 million from P458 million from the same period last year, caused by lower production and stronger outflow of money. In a disclosure to the stock market on Thursday, May 10, its reported net income likewise dropped from P432 million […] The post Philex Mining net income drops on lower production appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 10th, 2018

‘Hot money’ flows turn positive in March

Foreign portfolio investments turned positive in March, recording the biggest net inflow in three years based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $1.132 billion net “hot money” inflow — a reversal from February’s net outflow of $545.14 million — came as investments in peso debt instruments and Philippine Stock Exchange (PSE)-listed securities more [...] The post ‘Hot money’ flows turn positive in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 20th, 2018

‘Hot money’ flows turn negative in Feb

Foreign portfolio investments turned negative in February, recording the biggest net outflow in four months based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $545.14-million net “hot money” outflow — a reversal from January’s net inflow of $162.16 million — was attributed by the BSP to profit-taking and investor concerns over US Federal Reserve [...] The post ‘Hot money’ flows turn negative in Feb appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 16th, 2018

Hot money leaves PHL in February

MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in the global market, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Foreign portfolio investments posted a $545.14-million net outflow last month, bigger than the $409.01 million that left the country […] The post Hot money leaves PHL in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

Hot money leaves PHL in February

MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in the global market, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Foreign portfolio investments posted a $545.14-million net outflow last month, bigger than the $409.01 million that left the country… link: Hot money leaves PHL in February.....»»

Category: newsSource:  manilainformerRelated NewsMar 15th, 2018
Category: newsSource:  bworldonlineRelated NewsJan 22nd, 2018

2017 hot money outflow smaller than expected

By Melissa Luz T. Lopez Senior Reporter SUSTAINED investor optimism over enactment in December of the first of up to five planned tax reform packages drove more foreign funds to the Philippines that month, leaving the full-year net outflow smaller than the central bank’s projection. Foreign portfolio investments posted a $456.93-million net inflow last month… link: 2017 hot money outflow smaller than expected.....»»

Category: newsSource:  manilainformerRelated NewsJan 19th, 2018

2017 hot money outflow smaller than expected

By Melissa Luz T. Lopez Senior Reporter SUSTAINED investor optimism over enactment in December of the first of up to five planned tax reform packages drove more foreign funds to the Philippines that month, leaving the full-year net outflow smaller than the central bank’s projection. Foreign portfolio investments posted a $456.93-million net inflow last month […] The post 2017 hot money outflow smaller than expected appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 18th, 2018

Hot money outflow hits $205 M in 2017

MANILA, Philippines - Foreign portfolio investments or hot money recorded an overall net outflow of $205.03 million in 2017, a reversal of the net inflow of.....»»

Category: financeSource:  philstarRelated NewsJan 18th, 2018

Higher hot money outflow seen this year

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects a higher net outflow of foreign portfolio investments or hot money this year due to a ser.....»»

Category: financeSource:  philstarRelated NewsDec 16th, 2017