Updates

04 February 2011 – The Makati Business Club commends former COA auditor Heidi Mendoza and retired AFP budget officer Lieutenant Colonel George Rabusa for their courageous testimonies about the past systematic misappropriation of AFP funds perpetrated it appears by several high-ranking military officials, particularly it seems by former military comptroller General Carlos Garcia. Their decision […]

20 December 2010 – The Makati Business Club and the Management Association of the Philippines are deeply dismayed and alarmed by the recent developments in the plunder case pending in the Sandiganbayan against retired Major General Carlos F. Garcia, former Armed Forces of the Philippines comptroller. Much to the public’s surprise, a plea bargain agreement […]

16 December 2010 – The observance of the International Anti-Corruption Day on December 9 continues this week with the official launch today of the Integrity Initiative project of the private sector, led by the Makati Business Club (MBC) and European Chamber of Commerce of the Philippines (ECCP) in a press conference at the Makati Shangri-La […]

16 December 2010 – The Makati Business Club lauds and congratulates the Aquino government’s finance team, led by Finance Secretary Cesar V. Purisima, for its recent successful bond swap whereby nearly P200 billion of the country’s old debts were exchanged for new 10- and 25-year bonds. Investors’ willingness to accept the longer-dated debt papers clearly […]