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

Benedicta Du-Baladad


To FINEX members and friends,

PRESIDENT’S REPORT
August 2017 Issue

Last July 19, Department of National Defense (DND) Undersecretary Cardozo Luna shared with us the security policies of the Duterte Administration amidst Marawi crisis and the Martial Law in Mindanao. Unfortunately, DND Secretary Delfin Lorenzana Jr. was not able to grace the event due to an emergency meeting that he has to attend.

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FINEX partners with JPMorgan Chase for 14th Inter-Collegiate Finance Competition

The Financial Executive Institute of the Philippines (FINEX) partners with leading global financial services firm JPMorgan Chase & Co. for the 14th Inter-Collegiate Finance Competition (ICFC). Through the participation of the country’s best colleges and universities, the ICFC aims to promote networking and friendship, exchange of ideas, and cooperation among participants. The program also aims to expose colleges and universities to world-class finance education standards. Questions asked in the competition are patterned after the Chartered Financial Analyst (CFA) Level 1 examination.

Close to 90 schools competed for the elimination round that was held simultaneously in six locations– NCR for National Capital Region and South Luzon, Baguio for North Luzon, Pampanga for Central Luzon, Bacolod for Western Visayas, Cebu City for Eastern and Central Visayas, and Cagayan de Oro for Mindanao.

The top 20 schools competing for the Finals are: Ateneo de Manila University, University of the Philippines-Diliman, University of Cebu – Lapu Lapu, Mandaue; Father Saturnino Urios University, Mindanao State University – Iligan Institute of Technology, Far Eastern University – Manila, De La Salle University – Manila, Saint Louis University – Baguio, University of Baguio, Manuel Enverga University Foundation, University of the Philippines-Iloilo, De La Salle – College of St. Benilde, College of the Immaculate Conception, University of Mindanao – Davao City, Technological Institute of the Phils. – Manila, De La Salle University – Lipa, Saint Louis College, De La Salle University – Dasmarinas, University of San Carlos – Cebu, and Cebu Institute of Technology.

Photo shows (L-R): JPMorgan Chase Philippines chief finance officer Timothy Yang, FINEX president Ramon Opulencia, JPMorgan Chase Philippines senior country officer Roberto Panlilio and Junior FINEX chairman Vic Sarza.



MOA SIGNING FOR 14TH INTER COLLEGIATE FINANCE (ICFC) COMPETITION.

The Asian Institute of Management (AIM) through its AIM-Gov. Jose B. Fernandez, Jr. Center for Banking and Finance, and the Jr. Financial Executive Institute of the Philippines have formally entered into an agreement for the 14th Inter Collegiate Finance Competition (ICFC). With JPMorgan Chase & Co. as the principal sponsor, the 14th ICFC will be held on September 21, 2012 for the Eliminations and October 22, 2012 for the Finals. The official sponsor calculator of the 14th ICFC is Educalc.net the master distributor of HP Calculators in the Southeast Asia

AIM’s JBF Center develops the Question Bank for the ICFC, and its Graduate School of Business awards MBA scholarships to the members of the winning team. Signing the Memorandum of Agreement (MOA) were (L-R) Mr. Benny Soliven, Co-Chairman, Jr. FINEX; Mr. Vic Sarza, Chairman, Jr. FINEX; Dr. Ricardo A. Lim, Dean of AIM; and Prof. Horacio M. Borromeo, Associate Dean, AIM-W. Sycip Graduate School of Business. The MOA signing was held at the AIM campus in Makati City on August 29, 2012.


JUNIOR FINEX COMMITTEE



LOFREDA M. DEL CARMEN
Chairman

Chief Executive Officer - Forecasting and Planning Technologies Inc.


EDITH D. DYCHIAO
Liaison Director

General Manager Lucerne Group

MEMBERS

AURELIO O. ANGELES
ROBERTO T. BORROMEO
LESTER JOSEPH D. CASTOLO
MARYBETH T. DELGADO
ANA MARIA S. DEL ROSARIO
EDWIN V. FERNANDEZ
MARYJADE T. ROXAS-DIVINAGRACIA
LILLIBETH V. FAJARDO
ELMER A. GUZMAN
PRINCESS MELODY C. GO
GAUDENCIO S. HERNANDEZ, JR.
RENE V. JAMINEZ
WILMA I. MIRANDA
BERNADETTE M. NEPOMUCENO
ANTONIO RAMON T. ONGSIAKO
ROSANNA R. QUITO
VICENTE JULIAN A. SARZA
ERDULFO S. SISON
BETTY C. SIY-YAP
BENITO G. SOLIVEN III
GRACE PALMA-TIONGCO
FRANKLIN F. YSAAC
MARK ANTHONY L.YU


FEATURED ARTICLES
Digital innovations and Philippine outsourcing
Ms. Wilma Inventor MirandaMs. Wilma Inventor Miranda

Business Mirror (FINEX Free Enterprise)
September 15, 2017

Digital innovations and Philippine outsourcing

IN the recent Tholons Services Globalization Index 2017 released June 28, the top 100 cities and top 50 nations in terms of service globalization have digital transformation, innovation and start-up ecosystems as key components.

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

MANILA BULLETIN (Business Option)
September 14, 2017

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

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.”

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ASEAN Women
Mr. Benel D. LaguaBy Mr. Benel D. Lagua

MANILA TIMES(FINEX Files)
September 8, 2017

ASEAN Women

“Women are the largest untapped reservoir of talent in the world.”

- Hillary Clinton


In the recently held forum on “Mainstreaming ASEAN Women in trade of goods and services toward AEC 2025”, this writer felt very honoured to be one of the chosen few men to grace the event and be given the opportunity to share contributions at work for women in the micro, small and medium enterprises.

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Mahathir is coming
Santiago F. Dumlao Jr.By Santiago F. Dumlao Jr.

Business Mirror (FINEX Free Enterprise)
September 1, 2017

Mahathir is coming

Tun Dato’ Seri Dr Mahathir bin Mohamad was the fourth Prime Minister of Malaysia serving for 22 years, from 1981 to 2003, a record stretch. He was known for his fiercely nationalistic stance when pursuing his dream of placing Malaysia at the forefront of progressive economic development on a par with Western countries and with its own Asian neighbors.

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Virtual currency – boon and bane
By REYNALDO C. LUGTUBy REYNALDO C. LUGTU

MANILA TIMES(FINEX FILES)
September 1, 2017

Virtual currency – boon and bane

“Virtual currency-based payments and remittance transactions have been monitored at $5 million to $6 million per month”. This is the surprising fact shared the Bangko Sentral ng Pilipinas (BSP) during the event organized the Financial Executives Institute of the Philippines (Finex).

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Subverting the national interest
J. Albert GamboaBy J. Albert Gamboa

BUSINESS WORLD(FINEX Folio)
September 1, 2017

Subverting the national interest

DUMAGUETE CITY – Located near the southern tip of Negros Island, this city is a leading educational center in the Visayas. In 2014, it was named by Forbes magazine as one of the best overseas retirement places in the world for the following reasons: inexpensive, great beaches, expats, balmy climate, and health care.

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