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BusinessWorld

Marcos trust rating rises to 36%; VP holds at 56%

PRESIDENT Ferdinand R. Marcos, Jr.’s trust rating rose by two percentage points to 36% in September, while Vice-President (VP) Sara Duterte-Carpio kept a substantial lead at 56% despite her impeachment trial, according to a Social Weather Stations (SWS) survey.

Context & Analysis

For Philippine businesses, the more useful read from this poll cycle is not a single survey snapshot but what it implies about political risk management. The impeachment question is especially salient because it combines constitutional process with coalition politics, creating a live test of institutional capacity. A divided executive can coexist with continued economic governance if institutions absorb conflict without disrupting fiscal execution, regulatory approvals, or macroeconomic coordination. That distinction matters because lenders and investors often care less about which leader wins in public opinion than about whether policy continuity survives the next congressional session, budget cycle, or high-profile accountability case.

The practical business issue is predictability. If the vice presidential trial remains contained within formal proceedings, companies can continue planning around existing government programs, infrastructure pipelines, and sector-specific regulations. But if the case becomes a broader political contest over anti-corruption enforcement, budget oversight, or institutional control, it may slow approvals, complicate public procurement, and make banks more cautious on credit decisions. In that scenario, even firms not directly tied to the government could feel effects through supply-chain caution, lower consumer spending, or a risk-off tone in local markets.

Consumers are exposed through the same channels: job confidence, wage growth, inflation expectations, and access to credit. A politically stable leadership environment generally supports a steadier peso and a lower perceived sovereign risk premium, which can help keep borrowing costs more manageable for households and companies. What to watch next is whether the impeachment process stays procedural, whether the administration converts any improved public trust into faster economic reforms, and whether legislators turn the case into a fight over budgets, investigations, or institutional power. For Philippine firms, the key question is not who leads in polls but whether political competition remains contained enough for policy continuity.

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

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

Source: bworldonline.com

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