The influential Makati Business Club (MBC) is calling on the Marcos administration to prepare for the potential impact of tariffs levied by the United States (US) on Philippine goods, warning of the threat they pose to Filipino workers.In its Labor Day message on Thursday, May 1, the group of the...
Roughly 6,000 to 7,000-megawatt (MW) capacity ramp up is expected in the next two years, yet grid development is still stuck in the slow lane and woefully unprepared to handle the influx. Now, the government wants to pass the burden to power producers, especially the renewable energy (RE)...
The country’s leading business executives are urging the Marcos administration to adopt a build-operate-transfer (BOT) scheme in the country’s grid infrastructure, which could be pivotal in making power more affordable and reliable.In a statement on Thursday, April 3, Makati Business Club...
While the Philippines would be insulated from the tariff wars initiated by United States (US) President Donald Trump, it cannot reap the potential benefits from the supply chain restructuring of affected businesses in targeted countries.This highlights the need for the Philippines to enhance the...
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...
“Chief Detective 1958” won best drama while actor Han Suk-kyu bagged the grand prize at the 2024 MBC Drama Awards. The awards ceremony honored actors and their dramas that aired on Korean TV channel MBC. It was held on Dec. 30 but the live broadcast was cancelled due to the Jeju Air...
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...
The Makati Business Club (MBC), a group of big businesses based in the country’s premier financial district – Makati, lauded Congress for a productive start to the current session, with three economy-boosting bills on their way to President Ferdinand R. Marcos Jr. for signature. These are...
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...
The Philippine Chamber of Commerce and Industry (PCCI) said the country’s impressive economic performance in 2022 will be a good foundation for continued growth this year.
“The entire year looks promising, the 2022 GDP rate is giving the economy a strong rebound,” said PCCI President George...
