FDI net inflows total US$4.8B in January-August 2026
Date Published: 10 November 2026
Published by: Bangko Sentral ng Pilipinas
Original link: https://www.bsp.gov.ph/SitePages/MediaAndResearch/MediaDisp.aspx?ItemId=8139&MType=MediaReleases
Foreign direct investment (FDI) net inflows settle at US$4.8 billion in the first eight months of 2026 compared with the US$5.9 billion from the same period last year.[1],[2]
The decline was driven mainly by lower net investments in debt instruments. This reflected lower net intercompany borrowings from foreign direct investors during the period.
Equity capital placements, which were little changed, came primarily from Japan, the United States, and Singapore. The placements were channeled largely into the manufacturing, financial and insurance, and real estate industries.
The BSP’s FDI statistics reflect actual cross-border direct investment transactions. These are distinct from the approved foreign investments published by the Philippine Statistics Authority (PSA), which represent investment commitments and may differ from FDI in terms of coverage and timing.[3]
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[1] BSP statistics on FDI are compiled based on the Balance of Payments and International Investment Position Manual, 6th Edition (BPM6). FDI includes investment by a nonresident direct investor in a resident enterprise, where the direct investor holds at least 10 percent of the voting power. It also includes investment made by a nonresident subsidiary or associate in its resident direct investor. FDI can be in the form of equity capital, reinvestment of earnings, and borrowings.
[2] January–June 2026 figures have been revised to incorporate additional information on in-kind investment transactions and are different from those currently published in the Balance of Payments (BOP) tables. The revisions will be reflected in the Q3 2026 BOP release on 11 December 2026.
[3] BSP FDI statistics cover actual investment inflows. In contrast, the approved foreign investments data published by the PSA are sourced from Investment Promotion Agencies (IPAs). These represent investment commitments, which may not necessarily be fully realized within the reporting period. Furthermore, the PSA data are not based on the 10-percent foreign ownership criterion under BPM6. Additionally, the BSP’s FDI data are presented in net terms (i.e., equity capital placements less withdrawals). On the other hand, the PSA’s foreign investment data do not account for equity withdrawals.
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