Philippine Business Groups Hope for Continuity Amidst Cabinet Resignations

Following President Bongbong Marcos' call for courtesy resignations from his Cabinet, business groups in the Philippines have voiced their hopes for the retention of competent officials. The Makati Business Club, in a statement, expressed confidence in the current economic team's performance, stating, "We hope that the courtesy resignations will bring in accountable and merit-based appointments. That those who delivered and performed well will be retained." The Philippine Chamber of Commerce and Industry echoed these sentiments, emphasizing the need for a swift resolution to avoid economic uncertainty. Their statement highlighted the importance of maintaining continuity in economic policy. This underscores the significance of the cabinet shuffle and its potential impact on the country's economic trajectory. The swift and efficient appointment of replacements is crucial for maintaining investor confidence and ensuring the continued implementation of government plans.