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Saturday, July 5, 2025
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FPI says delayed impeachment process causes investor jitters

The Federation of Philippine Industries (FPI) has called on both chambers of Congress to expedite the settlement of constitutional issues that have led to delays in the impeachment trial of Vice President Sara Duterte, so that investors will not perceive the Philippines as politically unstable.

In an interview Friday, FPI chairman Jesus Arranza said the business sector rejects political and economic uncertainty, which a drawn-out impeachment process will inevitably bring about.

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“The longer it takes to rule on the [impeachment] case, the greater the chances of doubts and vacillation among potential investors, [and] even current investors,” he told the Manila Standard.

Arranza noted that there is risk that those seeking to make new investments or expand their current stake in the Philippine economy will take a wait-and-see stance until such time their apprehensions about the country’s political future are assuaged.

The FPI chief urged the House of Representatives to publish the contents of their impeachment complaint to give the public a better perspective of the case against the Vice President, thus relieving some of the uncertainty created by conflicting remarks by solons from both chambers.

He noted that this will allow more unbiased legal experts to weigh in on the issue, potentially forcing lawmakers to act on the impeachment case on its merits and not based on political affiliations.

“If they [House prosecutors] are sure they have a strong case, they should publish the complaint. The better informed people are, the less susceptible they will be to fake news,” Arranza pointed out.

The FPI is touted as the voice of the Philippine manufacturing sector, whose membership includes food and beverage, automotive, textiles, steel, construction materials, and energy companies, among others.

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