The Philippines recorded a 7.1 per cent year-on-year increase in net foreign direct investment (FDI) in April 2025, with inflows reaching $610 million, up from $570 million a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The growth was largely attributed to a 24.3 per cent rise in non-residents' net investments in debt instruments, which rose from $420 million to $522 million. Reinvestment of earnings also edged up by 3.3 per cent to $84 million. By contrast, non-residents' net investments in equity capital, excluding reinvested earnings, fell sharply by 94.1 per cent to $4 million, down from $68 million in April 2024, according to the preliminary data. Japan was the leading source of equity capital during the month, followed by the United States, Singapore, South Korea, and Taiwan. Investment activity was concentrated in the manufacturing, financial and insurance, and real estate sectors. Despite the April increase, cumulative FDI inflows for January to April 2025 declined by 33.4 percent to $2.4 billion, compared with $3.6 billion during the same period in 2024, the report added. Attribution: Amwal Al Ghad English Subediting: M. S. Salama