Manila: Net inflows of foreign direct investments (FDIs) rose by more than 21 percent in May, as shown by data from the Bangko Sentral ng Pilipinas (BSP).

According to Philippines News Agency, the BSP released data on Monday indicating that net inflows of FDIs increased by 21.3 percent, from USD483 million in May 2024 to USD586 million in May 2025. FDIs encompass investments made by non-resident direct investors in resident enterprises where their equity capital constitutes at least 10 percent, as well as investments by non-resident subsidiaries or associates in their resident direct investors.

The BSP noted that the rise was primarily driven by a significant increase in non-residents’ net investments in debt instruments, which surged by 88.3 percent year-on-year, from USD227 million to USD427 million. Meanwhile, reinvestment of earnings remained relatively stable at USD97 million.

Despite the gains, the BSP reported a 61.4 percent decline in non-residents’ net investments in equity capital, excluding reinvestment of earnings, which dropped from USD161 million to USD62 million. Most equity capital placements in May originated from the United States, Japan, Singapore, and South Korea, targeting sectors such as manufacturing, real estate, and electricity, gas, steam, and air conditioning supply industries.