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Press Statements

Joint statement on the proposed rebidding of the Cavite-Laguna Expressway

28 October 2014 – The private sector is cognizant of the great need for massive infrastructure investments to support and boost the growth of the Philippine economy. We recognize that the government’s Public-Private Partnership (PPP) Program provides the framework by which infrastructure development can be accelerated and properly tendered to interested and capable parties.

While the PPP Program encountered some difficulties in its initial stages, it has since begun to catch up, with high-impact projects being steadily rolled out, catching the attention of domestic and international investors. It is imperative that this pipeline be clear of any blockages and inconsistencies if we are to protect the credibility of this program and our procurement system as a whole. In light of this, the proposed rebidding of the Cavite-Laguna Expressway (CALAX) would be an inopportune and ill-advised decision that would surely have a negative impact on our improving standing in the investor community.

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Press Statements

PH rises to 52nd spot in WEF’s Global Competitiveness Rankings

3 September 2014 –  The Philippines advanced 7 places to no. 52 out of 144 economies in the Global Competitiveness Report 2014-2015 of the World Economic Forum, led by improvements in macroeconomic environment, institutions, goods market efficiency, and innovation categories of the Global Competitiveness Index (GCI).  Despite slight drops in ranking, the Philippines continued to enjoy competitive advantages in financial market development and market size pillars of the GCI.

During the Philippine launch of the report organized by the Makati Business Club at the AIM Conference Center in Makati City, MBC Executive Director Peter Perfecto announced that eight of 114 indicators of the GCI have become new competitive advantages for the country: ethical behaviour of firms, prevalence of malaria, business impact of malaria, availability of research and training services, international internet bandwidth, value chain breadth, production process sophistication, and company spending on R&D.

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Press Statements

MBC Executive Outlook Survey: Business Gives Positive Marks to 43 Agencies in Year 4 of PNoy’s Administration

11 August 2014 – Reflecting their performances in the fourth year of President Benigno Aquino III’s administration, 43 out of 62 government agencies and offices, led by the Bangko Sentral ng Pilipinas (BSP), Department of Tourism, Philippine Economic Zone Authority, DOST-PAGASA, and Securities and Exchange Commission, have received positive net satisfaction scores from senior business executives surveyed by the Makati Business Club from 1 to 25 July 2014.

Rounding up the roster of the 10 best performing agencies are the Department of Foreign Affairs, Department of Health, Office of the Presidential Adviser on the Peace Process (OPAPP), Department of Finance, and the Philippine Statistics Authority.  Read more »


Canada to deepen trade ties with PH

Canadian Minister for International Trade Ed Fast

22 July 2014 – Describing trade as not for the weak of heart, Canadian Minister for International Trade Ed Fast said that Canada remains committed to further strengthening the already solid Philippines-Canada relationship. At present, bilateral trade between the Philippines and Canada is valued at CAN$1.7 billion to which Minister Fast said presents a great opportunity for further development.

Addressing members of the Makati Business Club, Management Association of the Philippines, and the Canadian Chamber of Commerce of the Philippines, Minister Fast hopes that the Philippines will consider Canada as a preferred partner in critical economic sectors where Canada has great expertise. These sectors are in the fields of animation, engineering, defense, and mining, among others. Read more »