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MBC HOSTS MEETING WITH INDONESIAN BUSINESS DELEGATION, PROMOTES AND STRENGTHENS TIES BETWEEN INDONESIAN AND PH BUSINESS

    April 28 – The Makati Business Club hosted a high-level breakfast meeting with a business delegation from Indonesia headed by Rosan Roeslani, Chairman of the Indonesian Chamber of Commerce and Industry (KADIN Indonesia). Guest speakers included His Excellency Thomas Lembong, Chairman of the Indonesian Investment Coordinating Board (BKPM), and Hon. Iman Pambagyo, Director General for International Trade of the Indonesian Ministry of Trade.

    Makati, Moro biz groups to spur economic activity

      The Makati Business Club (MBC) and the Bangsa Moro Federal Business Council (BMFBC) have inked a pact to strengthen business and entrepreneurial relations that would help boost the economy.

      On Thursday, MBC Executive Director Peter Perfecto and BMFBC Chairman Abdulgami Macatoman signed a memorandum of understanding to formalize cooperation between the two organizations.

      SECOND GENERAL MEMBERSHIP MEETING FOR 2017 – AMB. KAZUHIDE ISHIKAWA OF JAPAN

        24 March 2017 – The Ambassador of Japan to the Philippines Kazuhide Ishikawa highlighted the vibrant relationship between Japan and the Philippines in his address during the Makati Business Club’s Second General Membership Meeting for 2017. The Ambassador, who was designated to the country in August 2014 defines the Philippines-Japan relations as a “strategic partnership”, one that is based on shared basic values, common goals, and long-standing friendship.

        Amb. Ishikawa noted the countries’ partnership in economic front. Japan has been the Philippines’ largest trade partner, with total trade reaching US$ 21.19 billion in 2016, compared to other major partners such as China (US$ 21.17) and the United States (US$ 15.86). Since the Philippines-Japan Economic Partnership Agreement (PJEPA) was ratified in 2008, trade between two countries increased by about 20%. The top envoy also mentioned that Japan is a major source of investments since 2000, with the cumulative FDI totalling Php 635.88 billion. He said that most of the Japanese companies operating in the country are engaged in manufacturing activities in the country’s economic zones.

        TV5/Interaksyon: MBC Survey: Businesses remain optimistic with PH’s growth

          MANILA – Businesses remain optimistic with the country’s economic growth for this year, according to the First Semester Executive Outlook Survey for 2017 of the Makati Business Club (MBC) released on Tuesday.

          The MBC survey had 83 percent of the respondent companies saying the country will either surpass or sustain this year the 6.8-percent gross domestic product (GDP) growth in 2016; while only 17 percent projected GDP this year to be lower than the previous year.

          On other economic indicators, MBC member companies forecast higher inflation rate, higher 91-day Treasury bill rate, weaker peso, lower approved investments, lower exports revenues, and a slowing down of imports receipts.