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Updates

PBG-JFC affirms support for Bangsamoro Peace Process

Sec. Deles, Chair Ferrer, and Mr. Bacani with the leaders of the PBG-JFC

14 July 2014 – The Philippine Business Groups and the Joint Foreign Chambers of the Philippines (PBG-JFC) reaffirmed their unwavering support for the Mindanao peace process and the establishment of the Bangsamoro at an executive briefing hosted by the Makati Business Club held at the Fairmont Makati.

Presidential Adviser on the Peace Process Teresita Deles, Government of the Philippines (GPH) Peace Panel Chairperson Miriam Coronel-Ferrer, and GPH Peace Panel Member Senen Bacani were the speakers for the said forum. The PBG-JFC was represented by 18 heads of the different business organizations.

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Updates

UK special trade envoy to cement PH-British bilateral relations

PH-British Business Council welcomes UK Special Trade Envoy George Freeman MP at its special membership meeting last June 17

17 June 2014 – the Philippine-British Business Council (PBBC) held a Special Membership Meeting, on the occasion of the visit of the newly-appointed Special Trade Envoy of the United Kingdom to the Philippines, George Freeman, Member of Parliament (MP) for Mid-Norfolk. Also at the PBBC membership meeting to welcome Mr. Freeman were PEZA Director General and Trade Undersecretary Lilia B. de Lima, Finance Undersecretary Gil S. Beltran, Makati Business Club Chairman Ramon R. del Rosario, Jr., British Ambassador to the Philippines Asif A. Ahmad, and British Chamber of Commerce of the Philippines Chairman Roger Lamb.

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Updates

US to strengthen business ties with Asia-Pacific

US Secretary of Commerce Penny Pritzker. Photo from the US Embassy.

4 June 2014 – With the Asia-Pacific seen to be the next economic hotspot in the coming years, United States Secretary of Commerce Penny Pritzker said that the region is at the center of the US’ rebalance towards Asia.

“The Asia-Pacific region will be an engine of global growth over the next decade, which will have a profound impact on how—and where—the world does business. American firms want to be part of the solution as countries across the region look to support a growing middle class, develop world-class infrastructure, unleash sustainable energy, and invest in their futures,” Ms. Pritzker said at a joint membership meeting of the Makati Business Club, American Chamber of Commerce of the Philippines, and the Management Association of the Philippines held at the New World Hotel.

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Press Statements

Position Paper to Fully Implement the Electric Power Industry Reform Act (EPIRA)

3 June 2014 – The Makati Business Club has prepared this position paper in response to the call of some sectors to amend the provisions of Republic Act No. 9136 or the Electric Power Industry Reform Act:

We support the view of our colleagues in the other business associations that rather than opening up EPIRA now for amendments or changes, what is needed is the full implementation of its provisions as written in the law. While EPIRA is not perfect, we believe it provides a reasonable and generally acceptable regulatory framework.  Further, we believe that opening up EPIRA now for review and amendments will reinforce concerns about an unstable and unreliable regulatory framework, and these concerns may cause the deferment or cancellation of pending investments in the power sector. As we recognize that providing adequate and stable power supply is critical for our national interests, it is imperative that we maintain an environment that is consistent with the need to generate investments in the electric power industry to meet the current and future power requirements of the Philippines.

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