Philippine CEO confidence dips slightly ahead of 2025, citing geopolitical risks

A survey by PwC Philippines and the Management Association of the Philippines (MAP) shows a slight decrease in optimism among Philippine CEOs regarding their industry's prospects for the next 12 months, with 83% expressing confidence compared to 86% in the 2024 survey.

Of the 175 chief executive officers surveyed, 31% stated they were "very confident," a decrease from 36% in the previous year, while "somewhat confident" rose to 52% from 49%.

The share of CEOs who were "not very confident" increased to 17% from 13%.

Geopolitical tensions and uncertainties over the country's economic growth are cited as major concerns by 47% of CEOs.

PwC Philippines' deals and corporate finance partner Trissy Rogacion stated that the decline in confidence was not significant, emphasizing the need for local businesses to adapt faster to external risks such as the Ukraine-Russia war and tensions in the Middle East.

The survey was conducted with 175 Philippine-based CEOs between July 22 and August 25, with 67% of respondents from large businesses.

CEOs' confidence in the government's performance declined in several aspects, with the exception of managing inflation.