The Daily Tribune
Concepcion to gov’t: Show honesty, win investors
Systemic corruption in the Philippines is a major concern for the private sector as the country prepares to chair the Association of Southeast Asian Nations (ASEAN) in 2026.
Jose Ma. Concepcion III, chair of ASEAN Business Advisory Council Philippines, described the corruption issue as a "big setback" that reflects poorly on the nation and risks undermining investor confidence.
Concepcion highlighted that the Philippines' hosting of ASEAN in 2026 will be the largest event of its kind under President Marcos' administration, necessitating a projection of a bright and honest future for the country.
He emphasized that while the private sector is crucial for economic growth, legislators must also acknowledge that corruption challenges cannot be overcome by the private sector alone.
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