Updates

We, the undersigned business organizations, appeal to our legislators to weigh carefully the costs, risks and uncertainty associated with the proposed monumental shift to a federal system of government.

We, too, believe in the need to adhere to the public finance principle ‘funds follow function’. Accordingly, we echo the concerns of fiscal and economic experts about the ambiguous provisions on the division of revenue and expenditure responsibilities between the proposed federal government and its federated regions.

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16 July 2018 – Members of the Makati Business Club met with University of the Philippines professor Emmanuel De Dios and Rotterdam School of Management professor Rob van Tulder to discuss compelling business cases for companies to adopt inclusive business strategies in their operations, particularly in their supply chains.

Microsoft Word - Joint Position Paper on Federalism_FINAL.docx

June 18, 2018 –We, the undersigned Philippine Business Groups, respectfully submit this position paper on the government’s plan to shift to a federal system.

Our economy has achieved robust expansion in recent years, and it is imperative, in the interest of more inclusive growth, that we continue to improve on our competitiveness and our ability to attract job-creating investments through stable policies and reduced uncertainty.