$531M in ‘hot money’ exited PH in Feb, most in 2 yrs

The flow of short-term foreign investments or “hot money” that are registered with the Bangko Sentral ng Pilipinas (BSP) reversed to a net outflow of $531 million in February after four straight months of net inflows. Data at the BSP show that there were net inflows of $292 million in January and $274 million in […]

Local banks “safe” from Silicon Valley Bank crisis

The Bangko Sentral ng Pilipinas (BSP) and the leading industry group of private and government banks on Tuesday sought to calm markets and the public amid contagion fears from a brewing banking crisis in the United States. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said there was limited fallout to the country following the […]