Bangko Sentral ng Pilipinas
MANILA, Philippines – Flighty foreign funds returned to government securities in May, while outflows from Philippine equities eased as investor sentiment improved after the United States and Iran stepped up diplomatic efforts following weeks of heightened tensions.
Data from the Bangko Sentral ng Pilipinas showed that foreign portfolio investment (FPI) inflows registered with the central bank had exceeded inflows by $232 million for the month, reversing two straight months of net withdrawals.
READ: ‘Hot money’ outflows eased in April as sentiment improved
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