Hot money flows decreased 88.36% y/y to USD 17.86mn during September 1-16.

By bne IntelliNews October 3, 2011
Philippines hot money flows decreased 88.36% y/y to USD 17.86mn during the first sixteen days of September this year, as compared to USD 153.50mn registered during the same period last year. As reported by The Manila Times, the increase in the hot money flows have been attributed to the investments in fixed-income peso government securities. The top five investors have been the United States, the United Kingdom, Singapore, Luxembourg and Hong Kong, which contributed 91.3% of total registered investments during the period.
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