‘Hot money’ outflows eased in April as sentiment improved

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MANILA, Philippines – The Philippine financial market recorded a smaller net outflow of foreign portfolio investments in April, as a slight improvement in global risk sentiment helped temper withdrawals.

Data from the Bangko Sentral ng Pilipinas showed that foreign portfolio investment (FPI) outflows registered with the central bank had exceeded inflows by $1.6 billion for the month, easing from nearly $2 billion in net withdrawals in March.

READ: Amid confidence crisis, Philippine ‘hot money’ tally shrank in 2025

But it was a reversal from the $857-million net inflow recorded a year earlier. In the January-April period, total net outflows amounted to $4.4 billion.