The Philippine Exporters Confederation, Inc. (PhilExport) has raised concerns over the potential economic and business repercussions of the ongoing turmoil in the Senate, warning that prolonged political tensions could undermine investor confidence and slow economic momentum.
PHILEXPORT President Sergio R. Ortiz-Luis Jr. said the country must stay focused on economic recovery and strengthening competitiveness amid persistent 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,” Ortiz-Luis said.
“Businesses value stability, predictability, and strong institutions. Prolonged political turmoil risks affecting investor confidence, weakening market sentiment, and diverting attention from urgent economic priorities,” he added.
Ortiz-Luis noted that exporters continue to grapple with major external challenges, including geopolitical tensions, elevated logistics costs, and softer global demand, making domestic political and economic stability even more critical.
He emphasized that maintaining policy continuity and institutional stability is essential to sustaining investor trust and supporting the country’s long-term growth prospects.