Joselito Malig

Article (news)

Jekki Pascual

ABS-CBN News

MANILA — Private businesses are urged to collaborate more with each other, government, and civil society groups to better help the nation and Filipinos. At the 55th Annual Membership Meeting and Foundation Day of the Philippines Business for Social Progress (PBSP), business leaders said it is important for the private sector to help the country and to to also do business with integrity. This should be done also with government’s own projects.PBSP Chairman Manny Pangilinan, who is also PLDT chairman, said the private sector can also invest to help end poverty. He added that companies have the responsibility to help society and not just focus solely on profits.“If there is anything, any legacy I would like to leave with our people, it is not so much how much profits or how much wealth our group created, but to prove that any Filipino can succeed by being honest,” Pangilinan said.He added, “Are moral values important for corporations? For business? Absolutely. Absolutely. The longevity of certain organization groups in the Philippines, like the Ayalas, rest on very strong moral foundations of that family.”PBSP Vice Chairman Manolito Tayag even added that companies should look at corporate social responsibility or CSR not simply just a charitable act, but should be part of the organization’s work and that a company’s core competencies can be used to extend help.“We should not look at CSR as a charity. I think CSR should be part of corporate strategy and that corporate strategy means that we should leverage the core strengths of that company for corporate citizenship,” Tayag said.But UP School of Economics Professor Cielo Magno, who also spoke at the PBSP event, said that collaboration of the private sector with government must also include other stakeholders and civil society groups. She said talks between private sector and government alone may not always lead to transparency similar to the flood control controversy.“Private sector and government partnership can facilitate things, but the reality is it also becomes a breeding space for corruption. Right? You can rent seek, easier to talk to government officials because of your private relationship,” Magno said.She hopes that future collaborations would be more transparent to include other stakeholders like non government organizations, academe and other groups.PBSP is celebrating its 55th year and has also presented its achievements in the last decades including its work in education, environment, and more. PBSP is a business-led NGO which is aimed to help the Filipinos through various projects.

Private businesses are urged to collaborate more with each other, government, and civil society groups to better help the nation and Filipinos.

Private businesses are urged to collaborate more with each other, government, and civil society groups to better help the nation and Filipinos.

Moral values important for businesses? MVP says absolutely

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Moral values important for businesses? MVP says absolutely

Jekki Pascual,

ABS-CBN News

Published Jan 27, 2026 09:52 PM PHT

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Manny Pangilinan

PBSP

Philippine Business for Social Progress

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