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BUSINESS MATTERS: The leadership we need

By MBC Chairman Ramon R. del Rosairo Jr.

30 January 2016 – While we have given this administration good marks for its management of our economy, it is only fair that we also speak of those things that have frustrated us. And what frustrates me most is the thought that we could have done better in improving people’s lives.

Yes, we’ve had vigorous GDP growth—the best in Asean and the second best in Asia for most of these past five years. Our fiscal affairs are healthy.  We’ve achieved investment-grade status. We’ve managed to pass vital legislation on economic reform. Revenues from business process outsourcing and remittances by overseas Filipino workers are at record levels. Numerous surveys have shown great progress in our competitiveness ranking.

Why then do so many Filipinos remain poor and jobless? Why are we the Asean laggard in attracting foreign direct investments? Why do we lack basic services that our Asean counterparts take for granted—mass transport systems that work and are affordable, adequate roads, modern air and sea ports, efficient and inexpensive Internet connections?  Of what good is it to be an investment-grade economy if the lives of our people are not getting better?

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Updates

BUSINESS MATTERS: Peace is everyone’s business

By MBC Executive Director Peter Angelo V. Perfecto

16 January 2016 – A group of us had the unique opportunity to join a dinner this week with the Norwegian special envoy to the Colombian peace process, Ambassador Dag Nylander. The small dinner was held at the Makati residence of Ambassador Erik Forner of the Royal Norwegian Embassy in the Philippines. Ambassador Nylander is in the Philippines to share his experiences in cofacilitating the Colombian peace process with the Revolutionary Armed Forces of Colombia (FARC) and in participating in the current round of negotiations that has achieved numerous breakthroughs and is expected to culminate in a political settlement in the first semester of 2016.

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Press Statements

Business Community Statement in Support of the DICT

17 December 2015  –  The Philippine Business Groups and Joint Foreign Chambers (PBG-JFC) would like to commend the Senate and House of Representatives for passing the bill to create a Department of Information and Communications Technology (DICT).

This very important bill will help position the Philippines as a world leader in this growingly dominant sector of the global economy. The Philippines is already a world leader in business process management, employing some one million young people in well-paying jobs.

It must now position itself as a leader in all aspects of the IT world, as we know it can. So Congress recognition of this and the necessity of a Cabinet level department to ensure its coordinated development is most welcome.

We look forward to the President’s signing into law the creation of the department with a young dynamic leader, and the introduction of a supplementary budget in the 2016 national budget so the department can move ahead as soon as possible.

The DICT was a priority bill of Senate President Franklin M. Drilon and House Speaker Feliciano R. Belmonte, Jr.  The Committee Chairpersons who led its successful passage were Senator Ralph G. Recto (Science and Technology), Rep. Romeo M. Acop (Government Reorganization), Rep. Susan A. Yap (Information and Communications Technology) and Rep. Isidro T. Ungab (Appropriations).

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Press Statements

Business Community Statement in Support of RBH1

6 December 2015 –  We, the undersigned Philippine business groups and foreign chambers of commerce, state our strong support for Resolution of Both Houses 1 (RBH1) Proposing Amendments to certain Economic Provisions of the 1987 Constitution of the Republic of the Philippines particularly to Articles XII, XIV and XVI, principally authored by House of Representative Speaker Feliciano Belmonte, Jr.

The resolution seeks to include the phrase “unless otherwise provided by law” in some sections of Articles XII (national economy and patrimony), XIV (education, science and technology, arts, culture and sports), and XVI (general provisions).

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