MANILA — Foreign direct investment (FDI) net inflows to the Philippines climbed to USD590 million in February 2026, according to data released by the Bangko Sentral ng Pilipinas (BSP).

The amount was higher than the USD443 million posted in January 2026, but lower than the USD855 million recorded in February last year.

The BSP said the United States emerged as the top source of investments during the month.

Data from the central bank showed that net investments in equity capital and investment fund shares reached USD177 million in February. The figure was higher than the USD123 million registered in January and slightly above the USD175 million posted in the same month in 2025.

Reinvestment of earnings also increased to USD75 million from USD53 million in January and USD67 million in February last year.

Net investments in debt instruments likewise rose to USD414 million from USD320 million in the previous month, although this remained below the USD680 million recorded in February 2025.

For the January-to-February period, total FDI inflows stood at USD1.033 billion, lower than the USD1.58 billion logged during the same period last year.

The BSP earlier projected FDI inflows to reach USD7.5 billion in 2026, lower than the USD7.8 billion recorded in 2025, citing global economic challenges and geopolitical risks.