The Philippines’ international investment position (IIP) registered a net external liability position of $68.3 billion at end-June 2025, driven by a surge in foreign investments, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
The BSP reported that foreign investments drove a 9.8-percent quarter-on-quarter increase in the country’s IIP in June. The preliminary data reflect both an increase in external financial liabilities and external financial assets.
Outstanding external liabilities rose 2.7 percent to $325.19 billion at end-June from $316.79 billion in the first quarter of 2025.
This was led by a 3.1-percent increase in foreign direct investments (FDI), which amounted to $134.15 billion. Foreign portfolio investments also climbed 4.2 percent to $94.72 billion in June.
The stock of financial assets also grew 0.9 percent from $254.62 billion to $256.90 billion in the second quarter.
The BSP said this growth came on the back of a 15.7-percent increase in loans extended by domestic banks to nonresidents, which reached $13.2 billion. Residents’ equity capital investments in their foreign affiliates also went up by 4.6 percent to $34.1 billion.
It said that on a year-on-year basis, these figures reflected a 44.1-percent increase in the country’s net external liability position from $47.4 billion in the previous year, on account of faster growth in total external liabilities (11.8 percent) compared to total external assets (5.5 percent).
