MANILA – Net foreign direct investments (FDI) into the Philippines remained positive in July 2025, with inflows led by Japan and focused mainly on the wholesale and retail trade sector, according to data from the Bangko Sentral ng Pilipinas (BSP).

The BSP reported that FDI net inflows fell by 7.5 percent, from US$1.4 billion in July 2024 to US$1.3 billion in July 2025. The decline was attributed to lower nonresidents’ net investments in debt instruments, which dropped by 39.4 percent, from US$1.2 billion to US$711 million.

This decrease was partly offset by a 450.6 percent surge in nonresidents’ net investments in equity capital—excluding reinvested earnings—which rose from US$76 million to US$418 million. Reinvestment of earnings also increased by 14.3 percent, from US$122 million to US$139 million.

The BSP said that most of the equity capital placements in July came from Japan and the United States, with investments channeled into wholesale and retail trade, manufacturing, and real estate industries.

From January to July 2025, total FDI net inflows reached US$4.7 billion, marking a 20 percent decline from US$5.9 billion in the same period last year.