Feature News

Dear Mr. President Mayor

    25 February 2017 – Today we mark the 31st anniversary of a truly historic and peaceful People Power Revolution that earned global recognition and awe. It was a genuine revolution because it was the single event that completed a people’s long journey back to democracy from a dictatorship. It brought down a failed political system and its failed promises. It became the start of the building and rebuilding of institutions that found solid foundations in a new Constitution that gave power back to the people, put in place safeguards that said “never again” to martial law, and provided a framework for social justice and peace.

    MBC joins business groups in a call to improve the country’s air transport infrastructure

      15 February 2017 – The Makati Business Club, together with the Philippine Business Groups and the Joint Foreign Chambers, expressed its support for the Arangkada-commissioned Airport Policy Brief at today’s press conference held at the AIM Conference Center in Makati City. The event was attended by Tourism Undersecretary Benito Bengzon, Jr. and Transportation Undersecretary Roberto Lim who gave brief presentations on their respective department’s infrastructure-related plans.

      Joint Statement – Business groups call for the full implementation of the Sin Tax Law

        18 January 2017 – The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department of Finance’s position to fully implement the “Sin Tax Reform Act” or R.A. 10351 passed in 2012. This includes Section 11 of the said Act, which mandates the Congressional Oversight Committee to review the impact of the tax rates beginning the third quarter of calendar year 2016.

        MBC SUPPORTS THE CALL TO EXTEND THE TERM OF BANGKO SENTRAL GOVERNOR AMANDO TETANGCO JR.

          The Makati Business Club recognizes the outstanding work of Mr. Amando Tetangco Jr. as the Governor of the Bangko Sentral ng Pilipinas since 2005. Under his leadership, the BSP has been effectively executing and fulfilling its mandate of keeping inflation manageable, conducting sound monetary policy, and supervising financial institutions under its jurisdiction. This has significantly cushioned the country from external shocks and has largely insulated us from the adverse effects of recent global and regional financial crises.