Statements

MBC SUPPORTS THE CALL TO EXTEND THE TERM OF BANGKO SENTRAL GOVERNOR AMANDO TETANGCO JR.

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.

MBC DENOUNCES MARCOS BURIAL AND CALLS FOR UNITY AND FOCUS ON INCLUSIVE GROWTH

22 November – We are deeply saddened by the surreptitious burial of Ferdinand Marcos at the LNMB, which reignites an
unwanted divisive factor to the nation. Burying a deposed dictator within one of the most sacred final resting places does not make him a hero.

MBC ANNOUNCES NEW CHAIRMAN

8 November – The Makati Business Club Board of Trustees today announced the election of Edgar O. Chua, Chairman of the Pilipinas Shell Petroleum Corporation, as the new chairman of MBC. Mr. Chua succeeds Mr. Ramon R. Del Rosario Jr., president and CEO of Phinma, Inc.

MBC WELCOMES THE GOVERNMENT’S EFFORTS TO REBUILD RELATIONSHIP WITH CHINA, AND CALLS FOR A NATIONAL DIALOGUE ON STRATEGIC RELATIONS

25 October – The Makati Business Club welcomes the administration’s push to revitalize the country’s relationship with China. Given China’s stature as a major player in global affairs, and the Philippines’ steady economic rise, both our countries stand to benefit from renewed and much closer ties, particularly in trade and investment. China’s expertise in infrastructure will be critical to the Philippines’ development, as we seek to close the massive infrastructure gap that has been suppressing the country’s growth for the past years.

MBC STATEMENT ON THE DAVAO CITY BOMBING

3 September – The Makati Business Club strongly condemns the horrific act of terror that took place yesterday evening at the Roxas Night Market in Davao City. This act of cowardice, which targeted the lives of innocent civilians and sought to foster fear in people, has no place in any society.