as i've been saying here and in the global peso bond thread

Jan.-Aug. 'hot money' helps RP stocks — BSP
http://www.gmanews.tv/story/200852/j...-rp-stocks-bsp
Foreign portfolio investments or hot money poured into Philippine stocks and debts to the tune of $883.4 million or close to P40 billion in the first eight months of the year, the central bank reported over the weekend.
“The stock market is going up because of foreign funds coming in and they are also going to the fixed income markets," BSP Gov. Amando Tetangco Jr. said
.