Major business groups on Tuesday expressed strong support for the appointments of Executive Secretary Ralph Recto and Finance Secretary Frederick Go, saying the transition is timely for strengthening policy coherence, investor confidence and economic momentum.
The Philippine Chamber of Commerce and Industry (PCCI) and the Federation of Philippine Industries (FPI) were among those who welcomed the changes to the economic team.
PCCI President Enunina Mangio said the appointments come at a “critical time,” citing Recto’s extensive legislative experience and Go’s strong background in business and investment promotion.
“We commend President Marcos for these key selections. The business community looks forward to working closely with both leaders in advancing reforms that enhance competitiveness, strengthen investor confidence and generate sustainable opportunities for Filipino enterprises,” Mangio said.
THE PCCI said it remains committed to supporting a more resilient, transparent and dynamic economic environment.
FPI chairperson Beth Lee described the shifts as “key to restoring confidence and stability,” voicing full support for Recto and Go.
“Secretary Recto’s proven track record in fiscal management will strengthen coherence across government policies. Secretary Go’s extensive experience in investment promotion positions him well to sustain momentum in fiscal stewardship and investor confidence,” Lee said.
The Information Technology and Business Process Association of the Philippines (IBPAP) congratulated Go, citing close collaboration with him during his tenure as Special Assistant to the President, particularly in ensuring the CREATE MORE Law contained clear provisions on incentive availment.
IBPAP said it holds Go “in high regard,” while praising his steady guidance and unwavering support for the IT-BPM sector.
The Philippine Industrial Estates Association Inc. (PHILEA) also hailed Go’s appointment as a “significant boost” to the investment climate.
PHILEA president Francisco Zaldarriaga said Go’s commitment to enhancing competitiveness aligns closely with PHILEA’s mission of attracting long-term, high-quality investments.
Government agencies also echoed the support. The Philippine Economic Zone Authority (PEZA) and the Bases Conversion and Development Authority (BCDA) welcomed the officials, noting their long-standing support for ecozone development and investment-friendly policies.
BCDA cited Go’s role in key reforms like the ARROW Act and the CREATE MORE Act, which have accelerated project approvals and strengthened conditions for job creation.
Across sectors, business groups said they look forward to working with the new economic team to sustain reforms, strengthen the business environment and reinforce confidence in the government’s economic direction.
