Philippines sees sudden surge in foreign investment

05/16/2013 | Xinhuanet.com (China)

Foreign portfolio money flowing into the Philippines tripled last month from a year earlier, according to the central bank. The bank identified the U.S., U.K., Singapore, Hong Kong and Luxembourg as the leading sources of the so-called hot money, which totaled US$1.13 billion in April.

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Xinhuanet.com (China)

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