The country’s exporters on Friday issued a warning that the Senate political tensions could affect investor confidence leading to serious economic implications.
In a statement, the Philippine Exporters Confederation (PHILEXPORT) urged the government and leaders at the legislative branch to focus on economic recovery and competitiveness amid ongoing global uncertainties.
“Recent developments and tensions within the Senate are creating renewed uncertainty in the political environment at a time when the country should be fully focused on economic recovery, investment promotion, and job generation,” said Sergio Ortiz-Luis Jr., PHILEXPORT president. “Businesses value stability, predictability, and strong institutions. Prolonged political turmoil risks affecting investor confidence, weakening market sentiment, and diverting attention from urgent economic priorities.”
Ortiz-Luis noted that exporters continue to face significant external pressures, including geopolitical tensions, elevated logistics costs, and weaker global demand, making domestic stability even more important.
“Our exporters are already dealing with global challenges such as high logistics costs, geopolitical tensions, and slowing demand in key markets. Domestic political noise only adds another layer of uncertainty that could affect competitiveness and expansion plans,” he added.
PHILEXPORT called on government leaders to uphold democratic institutions and avoid actions that could further disrupt economic activity and public confidence.
“At the end of the day, the country’s economic agenda must remain above politics. We hope our leaders will work toward restoring public confidence and maintaining a stable environment conducive to business, exports, and inclusive growth,” Ortiz-Luis said.
