Updates

JOINT STATEMENT ON ARISE/PESA

    The undersigned business organizations support a second, more substantial economic stimulus plan along the lines of the Accelerated Recovery and Investments Stimulus for the Economy (ARISE) bill, formerly the Philippine Economic Stimulus Act (PESA) bill, to fight the effects of the COVID-19 pandemic, protect jobs and help job-creating businesses, especially MSMEs, which employ more than 62% of our workforce. ARISE would be an effective program for building on the Bayanihan Law and the measures President Duterte and the Bangko Sentral ng Pilipinas have rolled out. It will serve as a powerful complement to the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) proposed by the Department of Finance.

    Taiwan’s COVID-19 Response

      2 June 2020 – MBC, in partnership with the Taiwan Economic and Cultural Office, hosted a digital forum with Ambassador Michael Hsu, Dr. Mei Shang Ho (Academia Sinica), and Dr. Ted Chang (Quanta Computer, top three contract manufacturer of computers, cellphones, etc.) to expound on Taiwan’s COVID-19 response and road to recovery.

      Joint Statement on Rule of Law in the Midst of COVID-19 Pandemic

        To mitigate the spread and impact of the COVID 19 virus, the government acted decisively and placed Luzon under severe quarantine measures starting March 17, 2020. In line with ensuing directives on the enhanced community quarantine (ECQ) in Metro Manila, NCRPO chief Maj. Gen. Debold Sinas declared that – “We will arrest those who will not follow the guidelines”.

        Crisis Mode R&D: A Conversation with GSK, MSD and Sanofi

          28 May 2020 – As the number of COVID-19 cases hits 5.4 million globally, the race is on to find treatments and a vaccine. At the joint MBC-USABC event “Crisis Mode R&D”, the Philippine heads of three global pharmaceutical companies — Beaver Tamesis of MSD; Jean-Antoine Zinsou from Sanofi Pasteur; and Zainab Sadat of GSK — shed light on the challenges of vaccine research and development in crisis-mode.

          MBC STATEMENT ON “CREATE” BILL

            In light of the pandemic situation, Makati Business Club applauds the Department of Finance for swiftly proposing CREATE, a revision of its corporate income tax reform bill to assist businesses at this time. CREATE could also attract companies around the world who are re-thinking how to mitigate supply chain risks in the wake of the coronavirus crisis. There is a potential window of opportunity for the Philippines to attract businesses looking to diversify global locations.