FX.co ★ FDI into the Philippines Drop 25.8% in September

Net foreign direct investment (FDI) in the Philippines experienced a significant decline of 25.8% year-over-year, reaching USD 0.3 billion in September 2025. This figure represents the lowest level of net inflows since April 2020, largely due to a steep 40.7% drop in debt instruments and a 2.1% decrease in the reinvestment of earnings. However, the overall decline was somewhat mitigated by a remarkable 378.2% surge in net inflows from equity capital. The month saw most equity capital injections originating from Japan, the United States, and Singapore, with a significant portion channeled into the manufacturing, wholesale and retail trade, and real estate sectors. For the January to September period, net FDI amounted to USD 5.5 billion, marking a substantial 22.2% decrease compared to the same period in the previous year. During the first three quarters of 2025, net FDI inflows accounted for 1.6% of the country's GDP.