The Central Bank of the Philippines reported that foreign direct investment net inflows declined in January-May 2026 from the same period a year earlier. Lower net investment in debt instruments and reduced reinvestment of earnings more than offset an increase in net equity capital investment. The decline reflected lower intercompany borrowing from foreign direct investors and less earnings retained for reinvestment. Equity capital placements came mainly from Japan, the United States and Singapore and were directed largely to manufacturing, financial and insurance, and real estate activities. The data cover actual investment inflows on a net basis, rather than approved investment commitments.