12.02.202601:36:51UTC+00FDI into the Philippines Down 0.3% in November

Net foreign direct investment (FDI) in the Philippines edged down by 0.3% year-on-year to USD 0.9 billion in November 2025. Although this was the highest monthly inflow since July, it remained below the level posted in November 2024.

The modest overall decline was mainly due to lower reinvestment of earnings (-13.5%) and a contraction in debt instruments (-10.1%). These decreases were partly offset by a sharp rise in equity capital, which surged by 248.6%.

In November, South Korea emerged as the largest source of FDI, with the bulk of its investments channeled into the manufacturing sector. Over the first eleven months of 2025, equity capital placements came primarily from Japan, the United States, Singapore, and South Korea, with funds largely directed toward manufacturing, wholesale and retail trade, and real estate activities.

On a cumulative basis, net FDI for January–November 2025 amounted to USD 7.1 billion, down 22.1% from the USD 9.1 billion recorded in the same period a year earlier.