The Makati Business Club (MBC) is calling for urgent reforms and stronger transparency following the release of the latest GDP figures, which highlight growing economic pressures such as rising oil prices, global uncertainties, and corruption concerns that weaken public trust and limit productive government spending.
“As the saying goes, ‘never let a good crisis go to waste,’” said MBC chairman Edgar Chua. “We should seize this moment to implement meaningful reforms that strengthen governance, simplify and streamline processes, curb corruption, foster innovation, and build a more resilient, investment-friendly economy.”
Chua emphasized that decisive government action is crucial to sustaining the country’s growth momentum. Key priorities include enhancing transparency, accelerating structural reforms, and investing strategically in critical sectors, including food and energy security and infrastructure.
He also stressed the importance of creating a stable and competitive environment for businesses and investors, particularly amid domestic challenges and global headwinds. Strengthening institutions, improving the ease of doing business, and ensuring regulatory consistency are essential steps, Chua added, to build investor confidence and support long-term economic expansion.
The MBC’s statement reflects concerns shared by the business community that economic growth alone is insufficient without accompanying reforms and strong governance.
According to Chua, the government has a timely opportunity to enact policies that not only address immediate pressures but also lay the groundwork for a more resilient and inclusive economy, benefiting businesses, investors, and ordinary Filipinos alike.
