BUSINESS
Advocates Philippines
Business Leaders See Cabinet Shuffle As Fresh Start For PH Economy
Photo credit: PCCI
MANILA, Philippines — The Philippine Chamber of Commerce and Industry (PCCI) is expressing cautious optimism following the recent changes in President Ferdinand Marcos Jr.’s Cabinet, saying the new appointments could help stabilize the political climate and refocus attention on boosting the economy.
PCCI President Enunina V. Mangio said the business community welcomes the appointment of Finance Secretary Ralph Recto as the new Executive Secretary and Trade Secretary Frederick Go as the new Finance Chief — a tandem she believes can help steer the country through a challenging period marked by corruption allegations involving government officials.
“We commend President Marcos for these key selections, which come at a critical time for our economy. Executive Secretary Recto brings a wealth of legislative and policy expertise, while Secretary Go’s strong background in business and investment promotion will be valuable in steering fiscal policy and driving economic growth,” Mangio said.
According to her, businesses are hopeful that the reshuffle will spark renewed public trust, stabilize economic policy direction, and attract investors who may have been wary amid recent political tensions.
“The business community looks forward to working closely with both leaders in advancing reforms that enhance competitiveness, strengthen investor confidence, and generate sustainable opportunities for Filipino enterprises,” she added.
Mangio highlighted Recto’s credibility in fiscal management and Go’s strong background in investment promotion — qualities she believes send a positive signal to both local and foreign investors. She noted that PCCI has had a long-standing working relationship with Go, particularly on matters relating to investment promotion and economic policy.
Beyond expressing support, Mangio also urged the administration to confront the corruption allegations head-on.
“We urge our government to swiftly address this political instability and hold those involved in corruption accountable. This is one way of restoring investors trust and confidence in us (Philippines),” she said.
PCCI assured the government and the public that it remains committed to supporting initiatives that build a more resilient, transparent, and dynamic economic environment for all.
PCCI President Enunina V. Mangio said the business community welcomes the appointment of Finance Secretary Ralph Recto as the new Executive Secretary and Trade Secretary Frederick Go as the new Finance Chief — a tandem she believes can help steer the country through a challenging period marked by corruption allegations involving government officials.
“We commend President Marcos for these key selections, which come at a critical time for our economy. Executive Secretary Recto brings a wealth of legislative and policy expertise, while Secretary Go’s strong background in business and investment promotion will be valuable in steering fiscal policy and driving economic growth,” Mangio said.
According to her, businesses are hopeful that the reshuffle will spark renewed public trust, stabilize economic policy direction, and attract investors who may have been wary amid recent political tensions.
“The business community looks forward to working closely with both leaders in advancing reforms that enhance competitiveness, strengthen investor confidence, and generate sustainable opportunities for Filipino enterprises,” she added.
Mangio highlighted Recto’s credibility in fiscal management and Go’s strong background in investment promotion — qualities she believes send a positive signal to both local and foreign investors. She noted that PCCI has had a long-standing working relationship with Go, particularly on matters relating to investment promotion and economic policy.
Beyond expressing support, Mangio also urged the administration to confront the corruption allegations head-on.
“We urge our government to swiftly address this political instability and hold those involved in corruption accountable. This is one way of restoring investors trust and confidence in us (Philippines),” she said.
PCCI assured the government and the public that it remains committed to supporting initiatives that build a more resilient, transparent, and dynamic economic environment for all.
Nov 20, 2025
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