The country’s leading business groups are calling for sweeping reforms in the national budget process to ensure that long-term economic stability is prioritized amid controversies surrounding this year’s budget. In a joint statement on Wednesday, Feb. 5, published on Makati Business Club’s...
Business leaders are urging a more transparent and accountable process in finalizing the 2025 national budget amid concerns over budgetary adjustments and a lack of clear justification for certain allocations. "We are alarmed by some of the adjustments made by the bicameral committee to the 2025...
Eight organizations, including local business groups, have called on the government to safeguard the well-being of Filipino workers at risk of job loss in case of a ban on Philippine offshore gaming operations (POGOs) in the country. In a joint statement on Wednesday, July 17, the groups also...
The Makati Business Club (MBC) has urged the Marcos administration to prioritize governance reforms, enhance the business environment, invest in skills development, and upgrade power and infrastructure. Ahead of President Marcos' third State of the Nation Address (SONA), the MBC, representing...
A circle of Makati businessmen said they look forward to working with the newly-appointed education secretary, Senator Juan Edgardo “Sonny” M. Angara. In a statement, the Makati Business Club (MBC) congratulated and wished Angara the best for one of the most critical posts in the executive...
The Makati Business Club (MBC), a group of big and elite businesses based in the country’s financial district of Makati, has reiterated its support for specific measures that will help improve ease of doing business in the country and to fight graft and corruption. In a statement...
Albay 1st district Rep. Edcel Lagman said that the local business groups' opposition to the ongoing Charter change (Cha-cha) efforts "echoed the position" of the House members who thumbed down the measure's passage in plenary. "The opposition of six big business groups led by the Makati Business...
The Makati Business Club (MBC) has expressed its support for the Energy Regulatory Commission’s efforts to secure adequate and affordable electricity supply by pursuing transparent, accountable, and investment-friendly policies. The Makati-based business group issued the statement Wednesday, Jan....
Makati Business Club is launching the MBC Economy Dashboard to help executives and policymakers make better decisions and pitches in today’s fast-changing economy. The launch comes a day before the Bangko Sentral ng Pilipinas is expected to raise interest rates anew to fight inflation. The...
Local business communities should remain steadfast in their role to help build the nation despite challenges, such as rising Covid-19 cases and inflationary pressures. Converge ICT Solutions Inc. CEO and Co-Founder Dennis Anthony Uy underscored the role of the business community in regaining...
The Makati Business Club is opposing the National Economic and Development Authority’s (NEDA) proposed amendments to the Implementing Rules and Regulations of R.A. No. 6957 or the build-operate-transfer (BOT) Law. In a letter to NEDA Secretary Karl Kendrick T. Chua, MBC Chairman Edgar O. Chua...
Business groups are opposed to the proposed suspension of oil and electricity even as they called on presidential candidates and other politicians to carefully consider their request amid rising consumer prices in the country. “We understand the desire to bring relief to the public and offset...
