MANILA, Nov. 13 (Xinhua)-- Foreign investments, both direct and portfolio, in the Philippines continued to rise in the past few months as positive fundamentals boost investor confidence, according to latest data issued by the country's central bank. Portfolio investments, or 'hot money', for January to October yielded a net inflow of 358 million U.S. dollars, a reversal of the 1.3 billion U.S. dollars net outflow recorded for the same period in 2008. Direct investments for the first eight months of 2009 recorded a net inflow of 1.3 billion U.S. dollars, or 30.5 percent higher than the net inflow posted in January-August 2008. 'Foreign investors remained upbeat on the Philippine market on account of the sustained growth in overseas Filipino remittances and gross international reserves, as well as stable prices and interest rates, which overshadowed the impact of the deterioration in the country's fiscal position and drop in export receipts,' Central Bank Governor Amando M. Tetangco, Jr. said in a statement. About 80 percent of the 'hot money' that came in 2009 were from the United States, Britain, Singapore, Japan, and Luxembourg. Most of them were invested in Philippine-listed shares. Most of the direct investments were due to equity capital placements from investors in the United States, Japan, China and the Netherlands. These investments went to the manufacturing, real estate, services and mining sectors. 