Malaya, October 7, 2011
BY JIMMY C. CALAPATI
Rising uncertainties in the US and Europe had caused foreign portfolio investments – also called "hot money" because these could be taken out of the country any time – in the first nine months to surge 147 percent from the level in the same period last year, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Portfolio investments from January 1 to September 26 netted a total inflow of $3.348 billion, against the $1.355 billion total inflow registered in the same period last year.
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