Statements

14 September 2017 – The Makati Business Club remains steadfast in its position that an impeachment process is a vital part of the country’s democratic system of checks and balances. However, we are deeply concerned over the unprecedented number of impeachment complaints lodged against high-ranking officials from the President, the Supreme Court Chief Justice, the Ombudsman and the COMELEC.

8 March – Madame Chair, Honorable members of the Senate, our friends and partners in government and the business sector, Good afternoon.

The Makati Business Club would like to thank the Senate Sub-Committee on the Paris Agreement, chaired by Senator Loren Legarda, for inviting us to share with you our thoughts and recommendations relevant to the discussions of this body.

18 January 2017 – The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department of Finance’s position to fully implement the “Sin Tax Reform Act” or R.A. 10351 passed in 2012. This includes Section 11 of the said Act, which mandates the Congressional Oversight Committee to review the impact of the tax rates beginning the third quarter of calendar year 2016.

The Makati Business Club recognizes the outstanding work of Mr. Amando Tetangco Jr. as the Governor of the Bangko Sentral ng Pilipinas since 2005. Under his leadership, the BSP has been effectively executing and fulfilling its mandate of keeping inflation manageable, conducting sound monetary policy, and supervising financial institutions under its jurisdiction. This has significantly cushioned the country from external shocks and has largely insulated us from the adverse effects of recent global and regional financial crises.