Manila: People’s rising clamor for transparency, accountability, and good governance carries economic implications, but a business group on Monday expressed support for government measures toward this bid.

According to Philippines News Agency, the Federation of Philippine Industries (FPI) said protests and strong sentiments “may prompt greater caution among some investors.” However, it also noted that this scenario presents an opportunity for the Philippines to demonstrate its commitment to transparency and reform, which can strengthen long-term investor confidence.

“We believe that if addressed decisively, this moment can become a turning point that reinforces the foundations of our economy,” FPI Chair Elizabeth Lee stated. In a move to address these concerns, President Ferdinand R. Marcos Jr. has directed a full review of the Department of Public Works and Highways’ 2026 budget, which has been reduced to PHP252 billion due to irregularities and the discovery of corruption in past flood control projects nationwide.

FPI suggested several actions such as transparent investigations, institutional reforms, clear policy direction, and constructive engagement to help address the issues. The group emphasized its commitment to supporting policies and initiatives that foster sustainable growth, protect the integrity of industries, and uphold the trust of both the Filipino people and the investment community.

“We believe that by confronting these challenges with transparency and resolve, the Philippines can emerge stronger, more competitive, and more attractive to long-term investment, while at the same time safeguarding the stability that local businesses, manufacturers, and producers depend on to grow and thrive,” Lee added.