Business group urges manufacturing boost to counter global shocks

Federation of Philippine Industries (FPI) chairperson Elizabeth Lee urged the government to provide stronger support for the manufacturing sector as global economic shocks intensify, warning that rising energy costs and supply chain shifts are threatening the nation’s stability. Lee said these pressures are directly affecting the Philippines, with higher oil prices driving up costs across power, transport and food, while global instability threatens the flow of remittances from abroad. More than 10 million Filipinos work overseas, sending over $35 billion in remittances in 2025. This accounts for about 7 percent of the economy and supports household spending and small businesses….