President's Message
Atty. Benedicta Du-Baladad Message from the President:

Benedicta Du-Baladad

To FINEX members and friends,

November 2017 Issue

We are now on the final stretch of 2017. This year has been one of the busiest and exciting for both FINEX and the country.

Earlier this month, our country was once again placed in the limelight as we hosted this year’s ASEAN Summit. The summit provided us to showcase what our country can share to the world and the creativity of the Filipino people. Indeed, the recent hosting of the ASEAN summit placed our country

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2017 Year-Round Corporate Sponsors




Internet of things (IOT) – are we ready for this?
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Ms. Wilma Inventor MirandaMs. Wilma Inventor Miranda

MANILA BULLETIN (Business Option)
September 14, 2017

Internet of things (IOT) – are we ready for this?

Business Option is a rotating column of members of the Financial Executives Institute of the Philippines appearing every Tuesday & Thursday in Manila Bulletin, business section.

The Internet revolution continued to be on the rise. In it is estimated that over 5 billion people will use the Internet in the next decade according to Eric Schmidt in his book ” The Digital Age.”

Stories like a billboard being able to track the demographics of the people who stop and take a look at it, intelligent shopping systems which can monitor specific customers shopping habits by tracking their specific mobile phones and providing them information on special offers on specific products and home automation where you can manage certain gadgets to make control of household easier and by monitoring customer behaviors in the store a retailer can based its future offerings on the results and a lot more.

It is expected that IOT will change the way businesses will reach their customers and a lot of potentials can be gleaned from this advancement. In fact more than 50 percent have already piloted on this and according to an article in Everest Research Institute by Alisha Mittal “Seize the IOT Opportunity,” majority are highly optimistic about its returns. They categorize adopters into four: Optimizers, Engagers, Integrators, and Innovators. Majority are classified as Optimizers which focus on solving their operational issues and on infusing efficiency with IOT. The rest which comprised less than 20% are Integrators and Innovators – are more for business opportunities by investing in IOT and for the growth of their enterprise.

The IOT touches all aspects of people’s lives from the home to the government, media, companies and businesses opening up a revolution of economic growth and competitiveness. It is mind-boggling at the same time exciting. Outsourcing providers can reap the benefits from these by offering support and third party services to enterprises which cannot afford to invest heavily on these. But it also involved a heavy investment on their part in research and infrastructures. Aside from these, the necessary security features goes hand-in-hand in providing for these services.

In every technology advancement there are also downsides – aside from financial investments and the complexity in setting up the infrastructures, there is the issue of security. There is a big threat to privacy and the issue of social control and political manipulation. They say it can be an invasion of public space and to track normative behavior as in the case of billboards tracking people who take a look at it. In the simple case of setting up of a CCTV in our homes by a third party, one can make the privacy of their homes vulnerable to people who set up the CCTVs because they can also view us wherever we set up the devices. It is important that we change the passwords to make sure these people will no longer have access to these devices. This is also important in the CCTVs we set up in our offices that only those authorized have access to these. A simple case as CCTVs viewed through the internet can have privacy repercussions, how much more for the more complex set up such management of the environment and monitor tracking of social behavior.

However, there are modern ways to insure privacy and security for instance for homes with smart network where a synthetic packet injection scheme can be used to safely prevent invasion of privacy. The concern is also that patches to bugs found in the core operating system cannot reach users of older and lower-price devices leaving more than 87% of device vulnerable (source: Wikipedia).

With the downsides, however is the fact that we cannot completely ignore the development of internet and its uses. We cannot simply maintain the status quo because of the issue on privacy. In order to move on we just have to acknowledge that as the future unwraps with new technologies we cannot afford to lag behind. Technology is here and with the advent of technology goes side by side the need to protect our space – private or public. As we invest on technology we also have to invest in improving the technology to protect our privacy.

(Inventor, Miranda & Associates is sponsoring a Seminar on Outsourcing Trends and Opportunities on October 17, 2017 at Business Inn Hotel Bacolod City, 8 a.m. to 5 p.m…for more info please visit our Facebook page or call us at 09175000517) This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Managing Millenials
Mr. Ronald S. GosecoBy Ronald S. Goseco

December 14, 2017

Managing Millenials

I was recently asked by our principal how different it is to manage today’s millenials as compared to a similar group of individuals twenty years ago. They asked me this since I previously managed auto dealerships twenty years ago with individuals with the same age profile.

Will RP Fit in the Integrated ASEAN Mold?
Zoilo By: Zoilo "Bingo" P. Dejaresco III

December 13, 2017

Will RP Fit in the Integrated ASEAN Mold?

THERE HAVE BEEN REAL TRIUMPHS during the ASEAN Meeting in Manila. Sometimes, Filipinos pinch themselves if these are indeed sustainable?

The ASEAN with 600 million people and with the highest regional GDP growth rate-necessarily- attracts many seller-nations and investors. But with the ASEAN integration- with tariffs down among the ASEAN nations- this would ensure ASEAN should be for ASEANs, first.

Asian economic integration
By Mercedes B. SuleikBy Mercedes B. Suleik

Business Mirror (FINEX Free Enterprise)
December 05, 2017

Asian economic integration

On October 25 the Asian Development Bank (ADB) released a report on Asian Economic Integration and commented on the lessons learned after the Asian financial crisis 20 years ago. It stated that growing trade and investment linkages in Asia and the Pacific have helped to improve the region’s economic resilience to uncertainties in the global economic environment. Asia’s intraregional trade rose in 2016 and acted as a buffer against headwinds from uncertainties in global trade and policy. Subregional trade integration was strongest in East Asia, followed by Southeast Asia and Central Asia.

Flor G. TarrielaBy Flor G. Tarriela

Business World (FINEX Folio)
November 24, 2017


Philippine Gross Domestic Product (GDP) increased by 6.9% in the 3rd quarter but agriculture grew at a slower pace at 2.5% vs 3.0% in 3rd quarter 2016. Still, agriculture showed better growth of 4.6% YTD 2017 vs -1.3% in 2016.

Mr. George S. ChuaBy Mr. George S. Chua

BUSINESS MIRROR (Free Enterprise)
November 22, 2017


A number of months ago, I saw a Bloomberg interview of two young enthusiastic gentlemen who were the co-country directors of this relatively new multinational company called Transportify. As I was listening to the interview of Noel Abelardo and Paulo Bengson, of what Transportify was all about, I thought it was a great idea. The easiest way to explain it is if you have Uber and Grab as an app to transport passengers, you have Transportify to transport goods and packages.

The Importance of Development Finance
Mr. Benel D. LaguaManila Bulletin
MANILA BULLETIN (Business Option)
October 30, 2017

The Importance of Development Finance

Access to finance is always a daunting topic as it addresses two basic issues. Financial exclusion occurs when those denied access have economic and social return on investment better than those with regular access. The second issue is the response to concerns of inequality and the need for better redistribution of wealth.