We Believe… 

First. Private enterprise, by creatively and efficiently utilizing capital, land and labor, generates employment opportunities, expands the economic capabilities of our society, and improves the quality of our national life.        

Second. The most valuable resource in any country is the human person. The higher purpose of private enterprise is to build social and economic conditions which shall promote the development of the person and the well-being of the community.

Third. The growth and vigorous development of private enterprise must be anchored on sound economic and social conditions.

Fourth. Private enterprise must discharge its social responsibility towards society in a way which benefits its unique competence. It should involve itself more and more in social development for the total well-being of the nation.    

Fifth. Private enterprise is financially and technologically equipped to participate actively in social development. In terms of scientific technology and managerial competence, private enterprise can help provide the total approach for social development in our depressed communities.

Sixth. Private enterprise, together with other sectors of society, shares obligations and responsibilities, which it must discharge to the national community. The ultimate objective of the private enterprise is to help create and maintain in the Philippines a home worthy of the dignity of the person.

Therefore, To better fulfill its social responsibilities, private enterprise must earmark a portion of its income for social development.

We hereby declare our commitment to the PHILIPPINE BUSINESS FOR SOCIAL PROGRESS, which shall be private enterprise’s social development arm dedicated to the empowerment of the poor and self-reliance of communities.