The Makati Business Club said restoring public trust in the Senate now largely depends on the leadership of the Senate President following what it described as the “unprecedented drama and chaos” that marked the chamber’s May 11 session.
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.
On Labor Day, the Makati Business Club (MBC) sounded the alarm on mounting pressures confronting both Filipino workers and employers, as surging fuel and food prices continue to erode real wages and squeeze business margins amid a volatile global backdrop.
The British envoy to the Philippines reaffirmed the United Kingdom’s commitment to deepening economic ties, highlighting strong fundamentals and reform momentum driving growing confidence among UK investors.
The formation of a government crisis management committee is “a good start,” but faster, more targeted interventions are needed as economic pressures mount, according to Ed Chua, chairman of the influential group Makati Business Club.
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.