'Sobriety and restraint': Over 20 industry leaders sound alarm on rising China tensions

Among the signatories of the joint statement are the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII), Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation Inc. (Philexport), Semiconductor and Electronic Industries in the Philippines Inc. (SEIPI), Employers Confederation of the Philippines (ECOP), Federation of Philippine Industries Inc. (FPI), Foundation for Economic Freedom (FEF), Philippine Amalgamated Supermarkets Association (PAGASA), Philippine Chamber of Agriculture and Food Inc. (PCAFI), Foreign Buyers Association of the Philippines (FOBAP), and Philippine Retailers Association (PRA).

In a joint statement, more than 20 business and labor groups are urging the national government to uphold diplomacy and exercise restraint amid renewed tensions with China, warning that further escalation could threaten the country’s economy. Read more