MANILA, March 28 -- Foreign portfolio investments or hot money registered with the Bangko Sentral ng Pilipinas (BSP) through authorized banks recorded net inflows of USD689 million in February this year.

Data released by the BSP late Wednesday showed that this resulted from the USD1.5 billion gross inflows and USD859 million gross outflows for the month.

The net inflow last month is a reversal from the USD76 million net outflows recorded in January 2024.

Foreign portfolio investments are also called hot money due to the speed with which they come in and out of the economy.

The USD1.5 billion registered investments for the month are higher by 25.3 percent compared to the USD1.2 billion recorded in January 2024.

During the month, 61.4 ...