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Manila Times Business

President, VP’s trust ratings drop – survey

PRESIDENT Ferdinand Marcos Jr. and Vice President Sara Duterte both saw their trust and performance ratings decline below the majority level in the latest Tugon ng Masa nationwide survey conducted by OCTA Research. The survey, conducted from July 4 to 11 among 1,200 adult Filipinos through face-to-face interviews, found Marcos’ trust rating dropping five percentage points to 49 percent from 54 percent in March, while satisfaction with his performance fell by eight points to 47 percent from

Context & Analysis

Political sentiment tracking has long served as an informal barometer for economic confidence in the Philippines. Surveys that measure public trust in national leadership rarely operate in a vacuum; they reflect how households and enterprises perceive the stability of macroeconomic management, regulatory predictability, and the pace of development projects. When executive approval slips, it typically signals growing friction between government messaging and on-the-ground economic reality, particularly around cost of living, employment quality, and infrastructure delivery. For business operators, these shifts matter because consumer spending and corporate investment decisions are heavily influenced by perceived policy continuity and administrative reliability.

From a commercial standpoint, declining confidence in the executive branch usually translates into more cautious balance sheet management. Small and medium enterprises tend to delay hiring, capex, or market expansion when leadership credibility wavers, fearing sudden shifts in tax administration, permitting processes, or labor regulations. Larger firms and foreign direct investors treat these sentiment indicators as early warnings for potential volatility in peso-denominated assets and domestic demand cycles. The Bangko Sentral ng Pilipinas and the Securities and Exchange Commission routinely factor public sentiment into their assessments of financial system stability and market liquidity, recognizing that institutional trust directly affects credit uptake, savings behavior, and capital market participation.

What should market participants monitor next? Keep a close eye on how policy implementation aligns with stated economic priorities, particularly in fiscal discipline, trade facilitation, and digital economy regulation. Track upcoming BSP monetary policy statements, PSE trading volumes, and DTI consumer confidence releases to gauge whether political headwinds are filtering into actual spending and investment behavior. Local conglomerates and listed companies will likely adjust their forward guidance based on how regulatory bodies respond to shifting public expectations. In the Philippine context, political sentiment and economic performance remain tightly coupled; navigating periods of declining trust requires disciplined cash flow management, scenario-based forecasting, and close attention to institutional signals from key economic agencies rather than reacting to short-term polling noise.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: manilatimes.net

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