The Federation of Philippine Industries (FPI) on Monday urged the government to swiftly and decisively address corruption allegations and public unrest, warning that investor sentiment could weaken if transparency and accountability are not restored.
It said in a statement the recent widespread protests underscore the Filipinos’ demand for good governance and proper management of public funds.
“We believe that if addressed decisively, this moment can become a turning point that reinforces the foundations of our economy,” FPI chairman Elizabeth Lee said.
The group cautioned that recent political developments may prompt investors to take a more cautious stance in the short term. However, it said the situation also presents an opportunity for the Philippines to prove its commitment to reforms that could strengthen long-term investor confidence.
To rebuild trust, the FPI pressed for urgent measures, including swift and transparent investigations into corruption allegations, stronger institutional safeguards against “ghost projects” and fund misuse and consistent communication from economic managers to assure investors of stable fundamentals.
It also cited the importance of constructive engagement among government, industry and civil society to address public concerns and prevent unrest.
“We believe that by confronting these challenges with transparency and resolve, the Philippines can emerge stronger, more competitive, and more attractive to long-term investment,” Lee said.
The FPI said it is committed to supporting policies that promote sustainable growth, protect industry integrity and preserve the trust of both the Filipino people and the investment community.
