Philippine economic officials convened with business leaders on Friday, promising reforms to rebuild investor confidence after a major corruption scandal rocked government institutions. The private forum aimed to address growing concerns among international investors about governance risks.

The scandal has rattled markets and raised questions about the country's commitment to transparency. Foreign direct investment flows have faced renewed scrutiny, with some investors reconsidering exposure to Southeast Asian markets amid political instability concerns.

Government ministers outlined specific policy changes targeting procurement processes and public financial management. They emphasized swift action to demonstrate accountability. Analysts remain divided on whether these efforts will be enough to stem capital flight.

Economic planners now face pressure to deliver measurable improvements quickly. The coming months will test whether political promises translate into sustained institutional reform and restored market confidence.