SOGEI website background

‘Investor optimism’ makes hot money rebound in Feb.

Foreign portfolio investments — referred to also as “hot money” for the ease by which these funds enter and leave the economy at the slightest stimulus — turned around in February from a year ago on the back of sustained “investor optimism” even as they were more than halved from January, according to latest data which the Bangko Sentral ng Pilipinas (BSP) released on Thursday. [...]