MANILA, Philippines — Net foreign direct investments (FDI) into the Philippines grew by 7.1 percent in April 2025, driven mainly by higher investments from Japan and increased inflows into the manufacturing sector, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

FDI net inflows reached US$610 million in April 2025, up from US$570 million in the same month last year. The rise was largely attributed to a 24.3 percent increase in nonresidents’ net investments in debt instruments, which climbed from US$420 million to US$522 million. Reinvestment of earnings also posted a modest 3.3 percent growth, increasing from US$82 million to US$84 million.

However, nonresidents’ net investments in equity capital—excluding reinvestment of earnings—dropped sharply by 94.1 percent, falling from US$68 million to just US$4 million.

Japan, the United States, Singapore, South Korea, and Taiwan were the top sources of equity capital placements during the period. Most of these investments flowed into the manufacturing, financial and insurance, and real estate sectors.

Despite the monthly gain, cumulative FDI net inflows for the first four months of 2025 declined by 33.4 percent year-on-year. From January to April 2025, net inflows amounted to US$2.4 billion, significantly lower than the US$3.6 billion recorded during the same period in 2024.