NextGen Day

MANILA – The Makati Business Club (MBC) is eager to work with both the public and private sectors to guarantee that the economic recovery continues in the next quarters, even if the administration changes.

This comes after the government announced on Thursday that GDP growth for the first quarter of the year was 8.3 percent.

The MBC said it is compiling proposals for the incoming administration and Congress, particularly in the areas of job creation and infrastructure development.

“MBC urges the next administration to invest in long-term reforms such as increasing infrastructure investments (with private sector assistance), implementing an education ‘catch-up’ plan, and reskilling and upskilling the workforce,” the business group said in a statement.

The quick increase in commodity prices due to the ongoing Russia-Ukraine war, as well as the large national debt, are among the persisting economic difficulties that the future administration should address, just as the departing administration did.

“MBC looks forward to working with the government and other stakeholders to develop short- and long-term solutions to help the Philippines continue on its path to recovery.” MBC is gathering business sector ideas on job creation and infrastructure development, which will be incorporated into the economic and infrastructural blueprints that we will give to the incoming administration and Congress,” according to MBC. (

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