Net hot money flows plummet in August

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SHORT-TERM foreign investments plunged in August, the Bangko Sentral ng Pilipinas (BSP) reported late on Monday, with the net inflow of $533.95 million down 61.4 percent from the $1.38 billion recorded a month earlier.

Registered investments fell by 43.7 percent to $1.062 billion while outflows also dropped to $836.78 million, or 20.3 percent. These hit $2.43 billion and $1.05 billion in August.

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