Biz groups express confidence in economy despite political woes

Following the recent political uncertainty, several business organizations in the country remain united in supporting a competitive, resilient, and inclusive economy.

In a joint statement by the Financial Executives Institute of the Philippines (FINEX), the Institute of Corporate Directors (ICD), the Makati Business Club (MBC), the Management Association of the Philippines (MAP), the Philippine Chamber of Commerce and Industry (PCCI), and the Philippine Finance Association (PFA), the groups said that while the current political turmoil raises understandable concerns, the country’s long-term fundamentals remain strong. These fundamentals are anchored by a well-regulated financial system, a stable banking sector, and companies that continue to invest in and believe in the Philippines.

“The institutions that safeguard our markets continue to operate independently and rigorously. The Bangko Sentral ng Pilipinas and the Securities and Exchange Commission uphold regulatory frameworks aligned with global standards, ensuring market integrity, prudent risk management, and strong investor protections,” the groups said in a statement on Monday.

The organizations said the country continues to meet international benchmarks on capital adequacy, disclosure requirements, and corporate governance.

They also noted that Philippine corporate earnings continue to reflect the economy's underlying strength.

“Even during periods of global instability, from the Global Financial Crisis to the COVID-19 pandemic, publicly listed companies demonstrated resilience, with growing revenues, stable margins, and rebounding strongly as conditions normalized,” they said.

Investment remains strong

Private-sector investment has also stayed strong. Over the last ten years, gross fixed capital formation has consistently ranged between 22 percent and 27 percent of gross domestic product, with total investment surpassing P6 trillion in 2024.

“This ongoing level of capital spending, mainly driven by business growth, clearly indicates that Philippine companies continue to build capacity, expand operations, and invest in the country’s long-term prospects,” the group said.

“We also recognize that investor confidence is influenced not only by economic fundamentals but also by governance. We therefore urge public institutions to ensure policy stability, uphold the rule of law, and address corruption quickly and decisively,” the statement added.

The groups said clear guidance, consistent enforcement, and transparent decision-making are crucial to maintaining growth momentum and gaining the trust of both domestic and foreign investors.

“As business organizations, we reaffirm our commitment to responsible leadership, ethical practices, and constructive engagement with government. We will continue investing, creating jobs, expanding industries, and strengthening our economy's productive capacity,” they said.

Amid the uncertainty, the groups said their message remains clear: “the private sector remains united in its belief in the Philippines’ long-term potential.”