The Philippine business community yesterday reaffirmed its confidence in the country’s long-term economic prospects, saying key market institutions remain stable and the private sector continues to invest despite the current political turbulence.
In a joint statement, business organizations led by the Philippine Chamber of Commerce and Industry (PCCI), Management Association of the Philippines (MAP), Makati Business Club, the Financial Executives Institute of the Philippines (FINEX), Institute of Corporate Directors (ICD) and the Philippine Finance Association (PFA) said the country’s economic fundamentals “remain solid,” supported by a well-regulated financial system, a stable banking sector, and companies that continue to expand operations in the Philippines.
They emphasized that the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) continue to operate independently and rigorously, upholding regulatory frameworks aligned with global standards.
These institutions, they noted, ensure market integrity, prudent risk management, and strong investor protection, with the Philippines consistently meeting international benchmarks for capital adequacy, disclosure, and corporate governance.
Business groups added that corporate earnings reflect the economy’s resilience. Even during major global disruptions – from the 2008 financial crisis to the COVID-19 pandemic – publicly listed companies maintained steady revenues and margins, and quickly rebounded as conditions improved.
Private sector investment has likewise remained robust. Gross fixed capital formation has accounted for 22 percent to 27 percent of GDP over the past decade, with total investments exceeding P6 trillion in 2024.
The sustained level of capital spending, they said, shows that businesses continue to expand capacity and invest in long-term growth.
The groups acknowledged, however, that investor confidence also depends on governance and policy consistency. They urged public institutions to uphold the rule of law, ensure policy stability, and act decisively on corruption concerns.
Transparent decision-making and consistent enforcement, they said, are essential to sustaining growth and maintaining investor trust.
Despite heightened political tension, the organizations stressed that the private sector remains committed to responsible leadership, ethical practices, and continued collaboration with government.
In a time of increased uncertainty, the private sector stands united as it pledged “to continue investing, creating jobs, expanding industries, and strengthening the economy’s productive capacity.”
Editor’s Note: This is an updated article. Originally posted with the headline: “Business groups reaffirm long-term confidence in economy amid political turmoil”
