MBC backs Marcos Jr. amid resignation calls

The Makati Business Club (MBC), formed to oppose crony capitalism during the regime of the late strongman Ferdinand Marcos Sr., has thrown its support behind his son, President Ferdinand “Bongbong” Marcos Jr., as he faces calls for resignation on the heels of the flood control scandal.

- By DEXTER BARRO II

SECURITY BANK: Security Bank has expanded its network in Southern Luzon with the inauguration of its 361st branch in Naic, Cavite. The move is part of the bank's strategy to bring its "BetterBanking" experience to a fast-growing community. In photo (Left to right): Ronald Austria, SVP and Branch Bank-ing Luzon Distribution Head; Jeany Sabillo, General Manager of Lotus Development Corpora-tion; Bienvenido Gueverra Jr., President of Haumaru Realty Ventures; Marcela Angeles, Sales Manager of Antel Land Holdings, Inc. - Anyana Tanza; Hon. Mayor Rommel Magbitang, Municipal Mayor of Naic; Leslie Cham, EVP and Branch Banking Group Head; Atty. Arnel Janabajaf, President of Colegio de Naic; Lourdeni Sour-tijas, Business Manager of Naic Branch and Hannah Anonuevo, FVP and Area Head.

MBC Executive Director Rafael Ongpin stated that the influential group, comprising the country's leading business executives, is backing Marcos as he pushes for initiatives to promote transparency in the government.

In a statement last week, the MBC called for reforms in the government rather than resignation or overthrow.