eNews

MBC EXECUTIVE OUTLOOK SURVEY: BUSINESS REMAINS UPBEAT ON PHILIPPINE ECONOMY THIS YEAR

In its First Semester Executive Outlook Survey for 2017, the Makati Business Club members expressed a highly optimistic outlook for the Philippine economy expecting it to either surpass or sustain last year’s 6.8% GDP growth. This is despite anticipating an increase in inflation and interest rates this year, coupled with a critical outlook on trade.

The MBC survey received responses from 76 out of its 380 (20%) corporate members; majority of these responses were received from senior executives and top management representatives.

Top business groups urge speedy completion of common rail station

MANILA, Philippines – Leading business groups in the country have jointly called for the speedy execution of the common train station project that would link the Light Rail Transit Line 1 (LRT-1) and Metro Rail Transit (MRT) Lines 3 and 7.

By conveniently serving some 1.5 million commuters, the common station is seen to “finally close the missing link” between the heavily used MRT-3 and LRT-1 as well as incorporate them with the recently approved MRT-7, the groups said.

“We fully support the MOA (memorandum of agreement) executed among the train operators of LRT-1, MRT-3 and MRT-7 and the Department of Transportation (DOTr) agreeing to the intersection of EDSA and North Avenue in Quezon City as the location of the common train station,” they said in a statement.