Business group urges transparency to boost investor confidence, economic stability

Business | Infrastructure Posted on 2025-09-22 06:20:39

MANILA – The Federation of Philippine Industries (FPI) on Monday expressed support for government initiatives promoting transparency and accountability in the use of public funds, noting that these measures could strengthen investor confidence and economic stability.

FPI Chair Elizabeth Lee said that while ongoing protests and public calls for good governance may cause some investors to be cautious, they also present an opportunity for the Philippines to demonstrate its commitment to reform.

“We believe that if addressed decisively, this moment can become a turning point that reinforces the foundations of our economy,” Lee said.

The statement comes after President Ferdinand R. Marcos Jr. ordered a full review of the Department of Public Works and Highways’ (DPWH) 2026 budget, which was reduced to ₱252 billion following findings of irregularities and corruption in past flood control projects.

FPI recommended concrete measures such as transparent investigations, institutional reforms, clear policy direction, and constructive engagement with stakeholders to restore public trust.

The group also reiterated its commitment to supporting government policies that promote sustainable growth, safeguard industries, and enhance investor confidence.

“By confronting these challenges with transparency and resolve, the Philippines can emerge stronger, more competitive, and more attractive to long-term investments, while ensuring stability for local businesses, manufacturers, and producers,” Lee added.

NPO News Team | PNA-PR

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