BSP: FDI hits USD 897M in November 2025

Foreign direct investments (FDIs) into the Philippines recorded net inflows of USD 897 million in November 2025, the Bangko Sentral ng Pilipinas (BSP) said in a press release dated Feb. 10, 2026.

The BSP said South Korea was the leading source of FDIs during the month, with most inflows directed to the manufacturing industry.

On a cumulative basis, the central bank reported FDI net inflows of USD 7.1 billion for January–November 2025.

The BSP’s November 2025 data show net inflows were driven largely by debt instruments (net) of USD 711 million, alongside equity other than reinvestment of earnings (net) of USD 122 million and reinvestment of earnings of USD 64 million.

For January–November 2025, the BSP table lists total net FDI inflows of USD 7,077 million, with debt instruments (net) at USD 4,780 million, reinvestment of earnings at USD 1,152 million, and equity other than reinvestment of earnings (net) at USD 1,144 million.

For comparison, the BSP reported USD 9,084 million in total net FDI inflows for January–November 2024, including USD 6,508 million in debt instruments (net), USD 1,085 million in reinvestment of earnings, and USD 1,491 million in equity other than reinvestment of earnings (net).

The BSP said that for the first 11 months of 2025, equity capital placements were sourced primarily from Japan, the United States, Singapore, and South Korea.

The central bank said these equity capital placements were largely channeled into the manufacturing, wholesale and retail trade, and real estate industries.

FDI is typically monitored as a gauge of foreign investor confidence and longer-term corporate investment, and the BSP compiles its figures using the Balance of Payments and International Investment Position Manual, 6th Edition (BPM6) framework.

Under BPM6, the BSP said FDI covers investment by a nonresident direct investor in a resident enterprise where equity ownership is at least 10 percent, and includes flows in the form of equity capital, reinvestment of earnings, and borrowings.

The BSP emphasized that its FDI statistics differ from other government investment data, noting that BSP figures reflect actual investment inflows.

By contrast, the BSP said the Philippine Statistics Authority’s approved foreign investments, sourced from investment promotion agencies, reflect investment commitments that may not be fully realized within a given period and are not based on the BPM6’s 10 percent foreign ownership criterion.

The BSP also noted its FDI data are presented in net terms, equity capital placements less withdrawals, while PSA foreign investment figures do not account for equity withdrawals.