The influential Makati Business Club (MBC) has become the first major business group to join the growing call to urge the Senate to commence the impeachment trial against Vice President Sara Duterte, citing the need to uphold accountability to maintain investor confidence. In a statement on Monday,...
The influential Makati Business Club (MBC) has expressed support for the government’s plan to rehabilitate Metro Manila’s main thoroughfare, emphasizing that it should be done the “right way” to avoid economic disruptions and inconvenience to motorists due to resulting heavy traffic....
The Makati Business Club (MBC), one of the country’s most prominent business organizations, expressed confidence that the Philippines will reach upper-middle-income country status by next year and achieve high-income status in the long term through strategic reforms that would spur economic...
The influential Makati Business Club (MBC) is calling for the retention of the administration’s economic managers and other “ efficient ” department heads following President Ferdinand “Bongbong” Marcos Jr.’s call for all of his Cabinet Secretaries to resign. Marcos announced on...
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...
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...
