Foreign Portfolio Investments Record Inflow in October

Foreign portfolio investments showed a net inflow of $59.87 million in October, reversing the net outflow of $807.15 million in September. This was more than double the $27.84 million net inflow recorded in October last year. This despite the global volatile financial markets brought about by the impending interest rate hike in the US and negative sentiment of investors under President Rodrigo Duterte’s administration…

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