What's NewPress Statements
27 February 2014 – It is a fact that traffic congestion has been costing the economy billions of pesos in lost revenues arising from decreased productivity. It is also a fact that the city of Manila is host to the country’s major ports, and that the efficient and least costly movement of goods through the city’s streets is essential for a progressive economy. As the city of Manila strives to address its serious traffic problems, it is necessary that an appropriate balance be attained between relieving congestion and facilitating the free flow of goods through the city’s streets.
Solving this challenge requires a coordinated effort from both public and private spheres. In this context, we welcome the initiative of the Office of the Cabinet Secretary to convene pertinent national government agencies to facilitate dialogue between the government of Manila and other stakeholders. With this mechanism in place and taking note that further delay in resolving this issue will result in adverse effects to the country’s economic performance, we call on the government to ensure that a fair solution will be reached at the soonest possible time.Updates
21 February 2014 – With the Asia-Pacific receiving greater attention from the international community in recent times, economic development will be at the core of Australian foreign policy towards the region. This was stated by Australian Minister of Foreign Affairs Julie Bishop in her remarks at a joint membership meeting of the Makati Business Club, Philippines-Australia Business Council, Australia-Philippines Business Council, and the Australia-New Zealand Chamber of Commerce held at The Peninsula Manila in Makati City.
“The new government [of Prime Minister Tony Abbott] is focusing on economic diplomacy as the key to our foreign policy. That means using our foreign policy assets to drive economic development in the region,” she said.Updates
11-12 February 2014 – Members of the Philippine Business Groups, which includes the Joint Foreign Chambers of the Philippines (PBG-JFC) met with members of the Senate (February 11) and the House of Representatives (February 12) to present the business community’s proposed measures for enactment for the 16th Congress.
MBC Chairman Ramon del Rosario Jr. spoke on behalf of the Philippine Business Groups during the meeting held at the Senate. In the House, Mr. del Rosario shared the business groups’ position on amending the economic provisions of the Constitution, passage of the Freedom of Information Act, and Agrarian Reform.Updates
5 February 2014 – While many focus on the military aspect of the United States’ rebalance to Asia, new US Ambassador to the Philippines Philip Goldberg reiterates that economics is its primary motivation and the Philippines stands to gain much by leveraging on its strong ties with the US. One such way towards this goal is the Trans-Pacific Partnership (TPP).
“TPP is a key avenue for positive change. An economically freer Philippines is a stronger Philippines. And a stronger Philippines will ensure Philippine security, stability, and longevity and will enhance the overall strategic relationship between our two great countries,” he said, speaking at a joint membership meeting of the Makati Business Club and the Management Association of the Philippines.