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Press Statements

Joint Statement calling for Sobriety, Courage, and Unity in light of the Mamasapano Incident

A TIME FOR SOBRIETY, COURAGE, AND UNITY

We, the undersigned business organizations, express our utmost respect and sympathies for the families of the gallant policemen of the PNP Special Action Force, as we extend our sympathies to the families of our brother Muslim Filipinos and the innocent civilians who perished as a result of the tragic encounter at Mamasapano, Maguindanao. We join the Filipino people in our grief over this tragedy and in the call for truth and accountability over this incident.

In the midst of national mourning, certain sectors and political players have openly called for all-out war in Mindanao, branded our brother and sister Muslim Filipinos as terrorists, cast doubt on the Bangsamoro Peace Process and the sincerity of the negotiators, and vigorously demanded the resignation of the President.

As members of the Philippine business community we do not and will not support such calls. WE CALL INSTEAD FOR SOBRIETY, COURAGE, AND UNITY.

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Press Statements

Joint statement on the proposed rebidding of the Cavite-Laguna Expressway

28 October 2014 – The private sector is cognizant of the great need for massive infrastructure investments to support and boost the growth of the Philippine economy. We recognize that the government’s Public-Private Partnership (PPP) Program provides the framework by which infrastructure development can be accelerated and properly tendered to interested and capable parties.

While the PPP Program encountered some difficulties in its initial stages, it has since begun to catch up, with high-impact projects being steadily rolled out, catching the attention of domestic and international investors. It is imperative that this pipeline be clear of any blockages and inconsistencies if we are to protect the credibility of this program and our procurement system as a whole. In light of this, the proposed rebidding of the Cavite-Laguna Expressway (CALAX) would be an inopportune and ill-advised decision that would surely have a negative impact on our improving standing in the investor community.

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Updates

Philippine-British Business Council pushes for UK infrastructure investments into the Philippines

The Philippine official and business delegation

(Singapore) 29-30 September 2014 – The Philippine-British Business Council (PBBC) and the British High Commission organized a two-day roadshow in Singapore to promote investment opportunities in the Philippines and in Philippine Economic Zones to British companies, particularly in infrastructure and public-private partnership (PPP) projects.

One of the key components of the roadshow was a business seminar on Philippine Infrastructure and PPP Investment Opportunities, held on September 29 at the British High Commission in Singapore, where over 50 British infrastructure companies attended. Among those who spoke at the seminar were Public Works and Highways Secretary Rogelio Singson, Trade and Industry Undersecretary Ponciano Manalo, Jr., Transportation and Communications Undersecretary Rene Limcaoco, PPP Center Executive Director Cosette Canilao, and Philippine Economic Zone Authority (PEZA) Director Elmer San Pascual.

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Press Statements

PH rises to 52nd spot in WEF’s Global Competitiveness Rankings

3 September 2014 –  The Philippines advanced 7 places to no. 52 out of 144 economies in the Global Competitiveness Report 2014-2015 of the World Economic Forum, led by improvements in macroeconomic environment, institutions, goods market efficiency, and innovation categories of the Global Competitiveness Index (GCI).  Despite slight drops in ranking, the Philippines continued to enjoy competitive advantages in financial market development and market size pillars of the GCI.

During the Philippine launch of the report organized by the Makati Business Club at the AIM Conference Center in Makati City, MBC Executive Director Peter Perfecto announced that eight of 114 indicators of the GCI have become new competitive advantages for the country: ethical behaviour of firms, prevalence of malaria, business impact of malaria, availability of research and training services, international internet bandwidth, value chain breadth, production process sophistication, and company spending on R&D.

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