The Philippine manufacturing sector is demonstrating resilience against the peso’s record low value and persistent domestic corruption concerns, according to the Federation of Philippine Industries (FPI).
FPI Chairperson Beth Lee said over the weekend that the peso’s drop toP59.17 against the US dollar is a natural consequence of both global and local pressures.
“Globally, a strong US dollar driven by high interest rates has drawn capital away from emerging markets. Locally, unresolved corruption cases and stalled infrastructure projects have tested confidence and slowed growth,” Lee said.
Despite these headwinds, the sector remains a critical source of employment for millions of Filipinos. Companies are implementing smarter procurement practices, hedging strategies and operational efficiencies to safeguard jobs and household incomes.
These measures are intended to absorb rising input costs even as profit margins are squeezed.
Lee called for transparent resolution of corruption cases to restore trust, attract investment, and free up infrastructure spending. She also urged the government to reduce bureaucratic hurdles, expedite clean projects and provide focused relief on energy and logistics expenses.
“Handled with integrity, this challenge can become proof that accountability builds stronger markets and livelihoods. By protecting jobs in manufacturing and showing that clean governance drives stability, we can shorten the peso’s weakness, rebuild confidence, and put the economy back on a stronger, more sustainable growth path,” Lee said.
 says the country's manufacturing sector remains resilient despite the peso's record low of P59.17 and ongoing corruption, calling for government action to restore trust and fast-track projects.){kind=link}