The Central Bank of the Philippines published foreign direct investment statistics showing net FDI inflows remained positive in July 2025 at USD 1.3 billion, down 7.5% from USD 1.4 billion in July 2024. The year-on-year decline reflected a 39.4% fall in nonresidents’ net investments in debt instruments to USD 711 million, partly offset by a 450.6% rise in net equity capital placements (excluding reinvested earnings) to USD 418 million and a 14.3% increase in reinvestment of earnings to USD 139 million. Equity capital placements were sourced mainly from Japan and the United States and went primarily to wholesale and retail trade, manufacturing and real estate; on a cumulative basis, net FDI inflows in January–July 2025 fell 20% to USD 4.7 billion from USD 5.9 billion a year earlier. The central bank noted its FDI series is compiled under BPM6 and presented in net terms, and differs from approved foreign investment commitments published by the Philippine Statistics Authority.