Philippines' April FDI inflows fall to near 10-year low at $250M — BSP

Net inflows of foreign direct investments (FDIs) into the Philippines fell to a near-decade low in April, data released by the Bangko Sentral ng Pilipinas (BSP) on Friday showed.


FDI net inflows stood at $250 million in April, down from $611 million in March, and $607 million a year ago. This is the lowest in nearly 10 years since June 2016’s $244 million.

FDI data cover investments by foreign investors in Philippine companies in which they own at least a 10% stake, including funds from overseas affiliates to their Philippine parent firms.

Net equity capital fell to $127 million from $166 million the previous month, but higher than the $4 million last year. Reinvestment of earnings stood at $80 million, up from $78 million in March but lower than the $81 million a year ago.

Debt placements stood at $44 million, down from $368 million in March, and a 91.7% decline from $522 million a year ago.

Year-to-date FDI net inflows were $1.968 billion, down 26.5% from $2.675 billion in the comparable period of 2025.

“The decline was driven by lower foreign net investments in debt instruments and reinvestment of earnings, which more than offset the increase in foreign net investments in equity capital (other than reinvestment of earnings,” the BSP said.

Net equity capital for the four months grew by 53.7% to $464 million, mostly from Japan, the United States, and Singapore, and was channeled largely into the manufacturing, financial and insurance, and real estate industries.

Reinvestment of earnings dropped by 14% to $285 million, while debt placements fell by 40.3% to $1.218 billion. –NB, GMA News