FDI into the Philippines Falls 17.8% YoY in June

Net foreign direct investment (FDI) in the Philippines fell by 17.8% year-on-year to a three-month low of USD 0.4 billion in June 2025. The decline was mainly driven by lower net inflows in equity capital (-167%). Meanwhile, a significant rise were seen in reinvestment earnings (37.6%) and modest gain in debt instruments (9.3%). Equity capital placements during the month mainly originated from Japan (62%), the United States (16%), and South Korea (9%), with investments directed largely toward manufacturing (64%), real estate (14%), and wholesale and retail trade; repair of motor vehicles and motorcycles (10%). Considering the January to June 2025, net FDI reached $3.4 billion, sharply lower by 23.8% compared with the corresponding period of the previous year.