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The undersigned organizations express full support to our dedicated public and private sector health workers and first-responders who serve at the frontlines of the battle agains the outbreak of the COVID-19 epidemic. We thank these dutiful men and women who work tirelessly in selfless anonymity to keep us safe, protected and informed, even as they […]

Makati Business Club Statement on Public Service Act Amendments

Makati Business Club expresses its strong support to the Administration and Congress for advancing amendments to the Public Service Act that will lift restrictions to foreign investment, resulting in more jobs, more competition and technology to benefit all Filipinos, making our economy and society more dynamic.

Joint Statement of Biz Groups for Public Services Act

Philippine business groups and foreign chambers of commerce in the Philippines strongly support the agenda of the Philippine government to increase national competitiveness and the ease of doing business through sound economic policy reforms, as found in the Philippine Development Plan of the National Economic Development Authority (NEDA) and President Duterte’s Ten Point Socioeconomic Agenda.

MBC Statement on Bank Secrecy and Anti-Money Laundering Bills

Makati Business Club supports Sec. Carlos G. Dominguez’s call to lift bank secrecy and strengthen anti-money laundering laws. We call on Congress to lift secrecy for both private and public persons so the country can comply with the standards set by the Financial Action Task Force (FATF) network. Failure to comply by Oct 2020 will result in the country being subjected to restrictions and additional costs that will hit legitimate transactions including the remittances of our OFW workers. More importantly, lifting of the bank secrecy laws will enable the country to better address public and private corruption and collect proper taxes, resulting in more funds for much-needed public services and infrastructure.