Local, foreign groups renew confidence in PH economy
Local and foreign business groups have welcomed the robust performance of the Philippine stock market, viewing it as a sign of renewed confidence in the country’s economic fundamentals.
The strong rebound being shown by the Philippine Stock Exchange index (PSEi) “is proof that confidence is returning and fundamentals are reasserting themselves,” the Federation of Philippine Industries (FPI) said on Thursday.
Jesus Arranza, FPI chair emeritus, attributed the market’s resurgence after months of sluggishness to the “calm and focused” leadership of President Marcos amid “all the political noise surrounding the flood control scandal.”
“President Marcos is doing the right thing by staying focused on the work … His calm, steady demeanor signals that he’s in control and well on top of the situation, and markets respond to that kind of leadership. Calmness begets calmness,” Arranza said in a statement.
Strong rebound
“The PSEi’s strong rebound shows confidence is returning and fundamentals are reasserting themselves. For the business community, the message is simple: keep building, keep investing and keep contributing to economic growth,” Arranza said.
The British Chamber of Commerce of the Philippines (BCCP) also welcomed the record-breaking surge and commended the government’s efforts to stimulate economic activity, manage inflation and pursue policies aimed at long-term growth.
“These developments set a positive tone for the Philippines’ Asean (Association of Southeast Asian Nations) chairship and further position the country as a strategic trade and investment partner for its regional and global peers, such as the UK (United Kingdom),” said BCCP chair Chris Nelson.
The chamber also reiterated support for key legislative measures, such as the Cybersecurity Act, Digital Payments Act and Blue Economy Act, which strengthen digital infrastructure, enhance financial inclusion and promote sustainable growth.
Economists note that the market recovery is supported by both policy and external factors.
The Department of Finance’s announcement of a P1.4-trillion government spending program for the first quarter of 2026, coupled with gains in U equities, easing global oil prices, stronger US manufacturing data and a stable peso, also helped lift investor sentiment.
RCBC chief economist Michael Ricafort said the rally fully wiped out market declines caused by flood control corruption concerns, signaling renewed investor trust in Philippine governance.
