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Updates

PBG-JFC call for more reforms entering homestretch of Aquino administration

26 May 2015 – The Philippine Business Groups and Joint Foreign Chambers, a coalition composed of 18 local and foreign business groups, urged the government to enact critical policy reforms aimed at ensuring inclusive growth through job generation, poverty reduction, and global competitiveness, entering the final 12 months of the Aquino administration.

The list of reforms was contained in a letter sent to the President and was the product of a month-long consultation process with the participating organizations.

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Updates

Philippines jumps 20 places to 46th place in WEF’s 2015 human capital index ranking

14 May 2015 — Up by 20 places from the 66th spot out of 122 economies in 2013, the Philippines now ranks 46th out of 124 economies in terms of the World Economic Forum’s (WEF) revised Human Capital Index (HCI). Based on the Human Capital Report 2015, the country’s HCI also ranked sixth among 22 Asia Pacific economies. The Philippines likewise ranked fourth among 31 lower middle income economies as its scores across all age groups fared better than average among all countries in the lower middle income group.

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Updates

MBC Research Report examines Philippine trade structure and investment barriers

13 May 2015 – With the increasing importance of globalization and cross-border trade, questions are raised as to whether the Philippines is well-prepared to take advantage of this worldwide trend. Early this year, the Makati Business Club released a special research report entitled “Examining Philippine Trade Structure and Barriers to Trade and Investment,” to analyze the country’s readiness for increased global trade and possible participation in regional trade agreements. The study, authored by Dr. Marissa Paderon of the Ateneo de Manila University revealed that the while the Philippines is relatively more open now in trade and investment policy, it is weak in terms of investment and capital compared to other ASEAN middle-income economies due to inadequate government policy.

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Press Statements

MBC statement on the appointment of Atty. Andres Bautista as Chair of the Commission on Elections

5 May 2015 – The Makati Business Club applauds and fully supports the appointment of Atty. Andres Bautista as Chairman of the Commission on Elections. Atty. Bautista brings with him not only a reputation for demonstrated competence and integrity, he also has the added advantages of being appointed at the peak of his career and of possessing proven executive capabilities as manifested in his previous role as chief executive officer of a major property development group. All these qualities will serve Atty. Bautista extremely well in his new role.  MBC is prepared to be of whatever assistance may be deemed appropriate.  Our congratulations to Atty. Bautista and the new COMELEC commissioners.

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