Philippine businesses remain resilient despite political uncertainty

Philippine businesses are showing resilience despite ongoing political issues. They believe they can adapt and overcome these challenges, as they have done in the past. This was highlighted during a recent meeting of the Shareholders’ Association of the Philippines. Ma. Aurora Geotina-Garcia, the chairperson of SharePHIL, mentioned that the business community has faced similar situations before. She is confident that they will continue to find ways to thrive. "This is not the first time we're going through this," she said. Garcia emphasized that investors are looking for stability and certainty. "The main question now is: where is this heading?" she remarked. Businesses need assurance of a resolution to maintain confidence in the market. She also reminded everyone that the business sector successfully navigated the challenges posed by the COVID-19 pandemic. Garcia stated, "We can survive it. Whatever happens, business will continue." So far, major companies, like those owned by the Consunji family, have not felt much impact from the political noise. Maria Cristina Gotianun, president of Semirara Mining and Power Corp., mentioned that they expect operations to remain normal moving forward.