Business leaders confident on growth but call for stronger anti-corruption push

Most Philippine-based chief executives remain optimistic about growth prospects in their industries, though many emphasize the need for stronger government action on corruption and infrastructure.

Findings from the 2025 Philippine CEO Survey by the Management Association of the Philippines (MAP) and PwC Philippines showed that 83 percent of CEOs are confident about their industry’s outlook over the next 12 months, slightly lower than 86 percent in the previous year. Meanwhile, 84 percent expect revenue growth during the same period. The survey, conducted from July 22 to August 25, covered nearly 200 CEOs.

Executives cited infrastructure development (65 percent), domestic consumption (62 percent), and government spending (41 percent) as the main growth drivers. The positive outlook was anchored on stable macroeconomic fundamentals, including sound monetary policy, a strong banking system, and inflation within government targets.

While satisfaction with the government’s management of inflation and diplomatic relations remains relatively high, ratings fell in infrastructure and international ties compared to last year. Only nine percent of respondents expressed satisfaction with anti-corruption measures, underscoring persistent concerns.

“With the rising public frustration over failed infrastructure projects, our leaders, our CEOs are closely watching and hoping that our administration succeeds in its fight against corruption,” said Trissy Rogacion, deals and corporate finance partner at PwC Philippines.

Roderick Danao, PwC Philippines chairman and senior partner, added that initiatives such as the “Sumbong sa Pangulo” platform to report irregularities in flood control projects could be a game-changer, but stressed that enforcement and legal actions must follow.

Business leaders also called for faster infrastructure spending, particularly on mass transport systems, noting that while five to six percent growth is achievable under current conditions, the pace could be accelerated with more impactful projects.

Survey respondents flagged geopolitical tensions, economic uncertainty, and workforce issues as top concerns. Inflation, macroeconomic volatility, and cyber risks were identified as the most significant threats to organizations.

To remain competitive, CEOs said they plan to focus on workforce upskilling (82 percent), automation (78 percent), and advanced technologies (63 percent) over the next 12 months. However, more than half admitted their companies may not be viable beyond 10 years if they continue with business as usual.