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.Updates
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.Press Statements
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.Press Statements
MBC Statement on the First Anniversary of the Signing of the Comprehensive Agreement on the Bangsamoro
27 March 2015 – As the nation commemorates the first anniversary of the signing of the Comprehensive Agreement on the Bangsamoro (CAB), the Makati Business Club reaffirms its continuing and unwavering support for the Mindanao peace process, and we renew our call to the government to put the peace process back on track at the soonest possible opportunity.
To enhance the prospects for peace in Mindanao, we urge Congress to resume discussions on the Bangsamoro Basic Law (BBL) at the earliest time. Consistent with the position released by 14 esteemed framers of the Constitution last 9 January 2015, MBC shares the belief that the Constitutional principles of genuine human development, social justice, and lasting peace underlie the CAB and, ultimately, the proposed BBL. In this context, we respectfully urge Congress to not allow revisions that would contravene these values nor run against the aspirations of the Filipino people to attain a just, harmonious, and progressive Philippines.
It has been more than two months since the Mamasapano incident. While the search for truth continues, we reiterate our stand that as the nation steadily moves forward from this tragedy, we must not allow political manipulation to take advantage of the legitimate grief and emotion that continues to pervade the public’s consciousness. Rather, sobriety, unity, and reason must be cemented as the guides that will steer efforts of government and the private sector towards genuine peace and in preserving the noteworthy gains that we have achieved in the last four-and-a-half years.
At this crucial juncture in the peace process, let us move forward with sobriety and courage as one united Filipino nation in search of Justice and Peace.