makati business club - updates

Rappler's latest stories on makati business club


Makati Business Club again urges lawmakers to renew ABS-CBN franchise

Jul 05, 2020 - 4:15 PM

'Equal treatment of all companies – especially by regulators, prosecutors, and lawmakers – will signal that rule of law prevailed,' says the Makati Business Club

Members of the National Union of Journalists of the Philippines and the Photojournalists’ Center of the Philippines holds a candle lighting protest at the Sgt. Esguerra gate of the ABS-CBN compound on July 3, 2020. The National Telecommunications Commission ordered ABS-CBN to stop the operations of Sky Direct and TV Plus on June 30. Photos by Angie de Silva/Rappler

Business groups: Ressa verdict threatens Filipinos' rights, freedoms

Jun 15, 2020 - 3:05 PM

(UPDATED) 'It is a big blow to press freedom especially given serious constitutional questions on whether the law is applicable at all. This would threaten our other rights and freedoms,' business groups say

Rappler CEO and executive editor Maria at the Manila Trial Court on June 15, 2020 attends the promulgation for the cyber libel case filed by businessman Wilfredo Keng. Ressa and co-accused Reynaldo Santo Jr, former Rappler researcher-writer, receives a guilty verdict. Photo by Dante Diosina Jr/Rappler

Makati Business Club: 'Strong' U.S. ties important for PH economy, security

Feb 21, 2020 - 4:59 PM

The Makati Business Club expresses concern over the termination of the Visiting Forces Agreement with the United States, saying it may 'affect other security agreements'

ALLIES NO MORE? The Philippine and US flags during the opening ceremony of the yearly Balikatan joint military exercises in April 2016. File photo by Ted Aljibe/AFP

Business groups call for ABS-CBN franchise renewal

Feb 18, 2020 - 3:40 PM

(UPDATED) The business groups note the critical role of a free press in economic development

Business groups call Marcos' election protest a 'political distraction'

Oct 17, 2019 - 4:50 PM

The Philippines' biggest business groups say that the sooner Ferdinand Marcos Jr's protest is resolved, the sooner policymakers can move on to more important matters

Makati Business Club hopes SC decision step toward Marcos protest dismissal

Oct 16, 2019 - 7:10 PM

The Makati Business Club says dismissing the electoral protest filed by Ferdinand Marcos Jr against Vice President Leni Robredo would reduce political and judicial uncertainty

Makati Business Club expresses concern over Maria Ressa’s arrest

Feb 22, 2019 - 1:29 AM

'A brave and free press is an ally in the fight against corruption that we and the government espouse in order to encourage investment badly needed to generate employment and wealth creation that is truly inclusive,” says the MBC

Robredo: Relocation sites in Bulacan to have potable water soon

Feb 16, 2017 - 9:00 PM

The Office of the Vice President signs a memorandum of agreement with Maynilad and local water providers to ensure water supply for housing sites in Norzagaray Pandi and Bocaue

INSPECTION. Vice President Leni Robredo inspects a housing site in Bulacan. File photo from the Office of the Vice President

Makati Business Club denounces Marcos burial

Nov 21, 2016 - 5:50 PM

This event will make it difficult to impart the right lessons to future generations regarding a dark period in our history says one of the country s largest business groups

COMPLIED. The Armed Forces of the Philippines succeeds in giving the Marcos family a peaceful ceremony away from protesters. Photo from Marcos Presidential Center

Makati Business Club: Yes to strong China ties, but maintain US alliance

Oct 25, 2016 - 5:20 PM

The Philippines premier business group welcomes President Rodrigo Duterte s pivot to China but emphasizes that it should not come at the expense of the United States

STRONGER TIES. President Rodrigo Duterte and Chinese President Xi Jinping shake hands to conclude their bilateral talks in Beijing on October 20, 2016. File photo by Toto Lozano/PPD

UK trade envoy: Brexit opens door to new era of trade with PH

Aug 27, 2016 - 12:59 PM

Richard Graham MP Prime Minister Theresa May s handpicked trade envoy to the Philippines says negative perceptions on extrajudicial killings in the Philippines are unlikely to affect potential UK investments

Businessmen bare reforms, Cabinet wish list for Duterte

May 10, 2016 - 3:45 PM

The mood changes the day after elections with local businessmen and industry leaders welcoming and expressing support for presumptive president Rodrigo Duterte

'BEST BET'. Davao Mayor Rodrigo Duterte is the best candidate for 2016 presidential race, says officials of Asia CEO group during a forum in June 2015. In the photo are Asia CEO members talking to Duterte (the one wearing Barong). Photo by Rob Reyes/Rappler

Philippine economy ready for any president

May 04, 2016 - 2:56 PM

UPDATED Inheriting a strong balance sheet and investment grade ratings the economy will continue to rise among neighbors local businessmen and industry leaders say

REMAIN RESILIENT. Local businessmen say the country’s economic growth performance is not tied with just one politician. In the photo are Rodrigo Duterte (R) Jaime Augusto Zobel de Ayala (L) and Ramon del Rosario Jr. (M). Photo by Alecs Ongcal/Rappler

Duterte causing market jitters

May 03, 2016 - 5:43 PM

The Philippine Stock Exchange index falls for the 5th consecutive day on Tuesday a stretch that began after Duterte made a speech before top business leaders in which he joked about his penis and vowed to pardon himself for mass murder

RODRIGO DUTERTE. Filipino presidential candidate, Davao City Mayor Rodrigo Duterte (2-R) gestures during an election campaign in Taguig City, South of Manila, Philippines, 30 April 2016. Photo by EPA

Duterte to ‘unimpressed’ businessmen: I will hire economic minds

May 03, 2016 - 3:22 PM

The Davao City mayor reminds businessmen he is willing to copy the best programs of the Aquino administration and even those proposed by rival presidential bets

NO EXPERT. Rodrigo Duterte speaks at a forum organized by the Makati Business Club and Management Association of the Philippines. Photo by Alecs Ongcal/Rappler

Duterte 'lacked substance' in Makati business forum

Apr 27, 2016 - 10:47 PM

The presidential bet explains his platform on crime education and health but leaves top businessmen with questions about his economic policies

BUSINESS MATTERS. Duterte gives a speech in front of businessmen in Makati on April 27, 2016. Photo by Alecs Ongcal/Rappler

Despite polls, business execs optimistic about 2016

Apr 07, 2016 - 8:11 PM

A Makati Business Club survey of top businessmen shows that the majority believe economic growth will be better than in 2015

Roxas woos businessmen: 'Best is yet to come' for PH

Mar 30, 2016 - 6:05 PM

Administration candidate Mar Roxas an investment banker before entering politics outlines his economic plans to sustain the Philippines economic growth before the country s top business leaders and executives

TALKING BUSINESS. Liberal Party bet Mar Roxas outlines his economic plans to businessmen on March 30, 2016. Photo from Mar Roxas’ Twitter account

After Bangladesh bank heist, Poe calls for bank disclosures in PH

Mar 17, 2016 - 7:00 AM

It s not a question of whether we should lift the Bank Secrecy Law It s a matter of when we re going to do it says the presidential candidate

BANK DISCLOSURES. Presidential candidate Grace Poe says it's time that bank disclosures become the trend in the Philippines. Screenshot from Rappler

Poe to push for changes in Constitution's economic provisions

Mar 16, 2016 - 9:45 PM

If elected Grace Poe says Constitutional amendment will be part of her agenda during her first month in office

1987 CONSTITUTION. Presidential candidate Grace Poe is open to amending the economic provisions of the Constitution. Screenshot from Rappler

Grace Poe talks about economy with Makati businessmen

Mar 16, 2016 - 9:16 PM

The presidential candidate tells businessmen the Philippines must sell to the world not just to the domestic market

Who's not welcome in 'President' Grace Poe's Cabinet?

Mar 16, 2016 - 7:11 PM

UPDATED In a dialogue with the Makati Business Club she names at least 3 agencies where she will not keep President Aquino s appointees

GRACE POE'S CABINET. Presidential candidate Grace Poe says she already has in mind Cabinet members she wants to retain should she be elected into office. Screenshot from Rappler

Balisacan's challenge: Can he fight vested interests?

Jan 27, 2016 - 8:30 AM

As chairman of the new Philippine Competition Commission Balisacan has to guard against predatory tactics by large companies and fend off entrenched special interests

Business to wait for next administration for new fiscal incentives

Oct 19, 2015 - 8:30 AM

The head of the Makati Business Club says rushing the legislation of the fiscal incentives bill might risk the country s competitiveness

PH climbs 5 notches in WEF competitiveness rankings

Sep 30, 2015 - 6:22 PM

UPDATED Since the start of the Aquino administration the Philippines has moved up a total of 38 places from 85 in the 2010 2011 report to 47 in the latest one

MOST IMPROVED. Since the start of the Aquino administration, the Philippines has moved up a total of 38 places, from 85 in the 2010-2011 report to 47 in the latest one. Background image from Shutterstock

Second half will be better – economists

Aug 27, 2015 - 8:25 PM

The Philippine economy will pick up steam due to the expected surge in OFW remittances more infra projects and early spending for the 2016 polls

SUNNIER OUTLOOK. Higher infrastructure spending, election multiplier, and robust OFW remittances will be the main drivers of Philippine economy in the second half of the year, economists say

Is Chiz Escudero weighing down Grace Poe's chances in 2016?

Aug 18, 2015 - 10:00 AM

Brian Llamanzares Senator Grace Poe s son says his mother has proven that she keeps her friends close but keeps the people’s interest closer

Senators Grace Poe and Chiz Escudero. Photo by Mark Cristino/Rappler Photo by Mark Cristino/Rappler

BSP best performer in gov’t; OVP worst – MBC poll

Aug 13, 2015 - 5:24 PM

UPDATED The Office of the Vice President suffers the steepest drop in performance ranking among agencies and offices included in the Makati Business Club survey – to 64th or last place in 2015 from 33rd in 2014

TOP. The central bank ranks as the top government agency for the fourth straight time, dating back to 2011, "owing to its continuing satisfactory work in maintaining the country’s macroeconomic and financial stability, despite external threats from overseas." Photo from the Bangko Sentral ng Pilipinas

What businessmen want to hear from Aquino's final SONA

Jul 25, 2015 - 8:30 PM

Business leaders weigh in on what they consider the biggest success and failure of the Aquino administration with less than a year to go before a new leadership steps in

SPELL OUT PLANS. Businessmen would rather hear President Benigno Aquino III’s future plans during his last SONA rather than his achievements. Illustration from Shutterstock

Oxford Business Group: PH has exciting growth story

May 07, 2015 - 6:52 PM

OBG says investors are increasingly attracted to the Philippines and ASEAN and push regional finance structures to further growth

Makati Business Club to Congress: Don't dilute BBL

Mar 28, 2015 - 9:55 AM

Various sectors reiterate their support for the peace process on the anniversary of the signing of the accord between the government and rebel group Moro Islamic Liberation Front

A post-Yolanda project that caught the French president's eye

Mar 01, 2015 - 6:03 PM

A housing project for the victims of Super Typhoon Yolanda Haiyan led by French businesses in the Philippines catches the attention of the French president

France's Hollande celebrates private initiative post-Haiyan

Papal visit a gift to PH, business community says

Jan 17, 2015 - 10:56 AM

The business community says potential losses over the holidays are nothing compared to the grace and blessings that Pope Francis brings to the country

Pope Francis attends a meeting with families in Manila on January 16, 2015. Photo by Giuseppe Cacace/AFP

Business losses: Papal visit's unintended consequences

Jan 11, 2015 - 2:47 PM

Malacañang’s idea to declare a holiday when Pope Francis visits the Philippines has an unintended consequence to the business sector

SEMICONDUCTOR WORKERS. The Philippines aims to go beyond merely assembling semiconductors and other electronic exports and enter the high-value stage of designing and inventing electronics. File photo by AFP

Business groups to participate in energy reserve program

Sep 14, 2014 - 8:49 PM

Senator Serge Osmeña says the President may no longer need emergency powers to solve the looming power crisis if the Interruptible Load Program becomes successful

POWER SUPPLY. A service vehicle drives past the head office of the Manila Electric Co. (Meralco), 14 January 2003 in Manila, the flagship of the business group of the influential Lopez family in the Philippines. Meralco is marking its centennial this year but the Lopez group of companies, which include light, water and entertainment firms, is still trying to recover from the effects of the 1997-1998 Asian financial crisis. AFP PHOTO/Romeo GACAD

EO to promote gov't support for ethical businesses pushed anew

Sep 08, 2014 - 11:13 AM

The Integrity Initiative renews calls for President Benigno Aquino III to issue an executive order enabling government agencies to require contractors to sign the integrity pledge

Image from the Integrity Initiative website

Certification for ‘ethical’ businesses to roll out this year

Aug 23, 2014 - 11:15 AM

Integrity Initiative says a certification system is needed to recognize “clean” companies in an absence of global standards for doing ethical business

Image from the Integrity Initiative website

Biz execs: BSP is best-performing gov’t agency, Senate worst

Aug 11, 2014 - 3:07 PM

The Makati Business Club asks its members if they are satisfied with the performance of 62 government agencies in 2014

Businessmen’s SONA 'wishes'

Jul 27, 2014 - 5:01 PM

As President Aquino delivers his 5th SONA on July 28 businessmen say their top 3 wishes are improved competitiveness increased foreign direct investments and more jobs

Bizmen on Mindanao's dev't: We must do our part

Mar 27, 2014 - 9:03 PM

The Makati Business Club calls on their fellow businessmen to participate in the development of Mindanao s economy following the signing of the historic MIF peace pact

ARMS DEAL. This photo taken on Oct 15, 2012 shows members of the Moro Islamic Liberation Front (MILF) standing in formation during a celebration inside Camp Darapanan in Sultan Kudarat town, in the southern island of Mindanao. Photo by Karlos Manlupig/AFP

Business groups press RH law implementation

Mar 25, 2014 - 12:32 PM

Business groups reaffirm their support for the immediate implementation of the RH law as the SC prepares to rule on it

Semiconductor firms: Truck ban, power rate hike threats to growth

Feb 27, 2014 - 9:01 PM

Rising power costs and Manila s truck ban threaten any possible modest growth for the semiconductor industry this year notes SEIPI

GROWTH THREATS. A staff of the Semiconductor and Electronics Industries in the Philippines shows in their Manila office on December 10, 2008 computer chips manufactured by foreign semiconductor firms in the country. Romeo Gacad/AFP

Big businesses urged to join #ScrapPork protest

Sep 30, 2013 - 8:12 PM

Big businesses have a stake in the pork barrel scandal but where do they stand?

FOI by 2016? We will surprise senators, House says

Sep 30, 2013 - 6:07 PM

The House Speaker is in favor of the concept of right of reply – which media practitioners have opposed – but says it should be proposed as a separate bill

P10M for solons after Corona trial – Speaker

Sep 30, 2013 - 5:17 PM

But Belmonte says there s nothing irregular with the releases which came from DPWH savings and given to congressmen 3 months after the Chief Justice s conviction

'Pass FOI bill to stop PDAF misuse'

Aug 18, 2013 - 1:56 PM

The Makati Business Club MBC and the Coalition Against Corruption CAC condemns the system diversion of pork barrel

Biz groups slam CA in smuggling case

May 24, 2013 - 12:30 PM

Two influential business groups slam the Court of Appeals for intervening in the smuggling case the government has filed against Phoenix Petroleum

DON'T MEDDLE. Two influential business groups say the Court of Appeals should not intervene in the government's smuggling case against oil retailer Phoenix Petroleum. File photo taken from Phoenix Petroleum website

91% favor Charter change - MBC survey

Mar 20, 2013 - 12:59 PM

91 of the Filipino and foreigner businessmen are in favor of initiating amendments to the economic provisions of the Constitution

Int'l, business communities laud peace deal

Oct 15, 2012 - 4:06 PM

The international and business communities laud the signing of the Framework Agreement as a historic step toward peace in Mindanao

President Benigno Aquino III (right) receives the Gong of Peace from MILF Chairman Al Haj Murad Ebrahim (center). Photo by Malacañang Photo Bureau

Business group welcomes Sereno appointment

Aug 25, 2012 - 5:17 PM

The Makati Business Club backs the appointment of new Chief Justice Maria Lourdes Sereno who it describes as morally upright