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

Benedicta Du-Baladad

To FINEX members and friends,

PRESIDENT’S REPORT
June 2017 Issue

The Special Joint Testimonial Luncheon in honor of Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. on May 24 was a huge success. FINEX, as the lead convenor, together with AMCHAM, CIBI Foundation, ECCP, MAP, MBC and PCCI, honored and celebrated Gov. Tetangco’s 12 years of successful leadership that leads to our country’s monetary stability and economic growth.

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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
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This Market (still) has Legs

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A crisis cycle

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Ms. Wilma Inventor MirandaMs. Wilma Inventor Miranda

MANILA BULLETIN (Business Option)
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Fringe benefits and the power of content

When Trump won the elections, I was in the United States last November 2016. We went to a restaurant for dinner after the election results came out and we were discussing how in the world Trump won? There were Filipinos though, who voted for Trump and I knew later there were many of them who voted for him including some Filipinos whom I met on the plane back home.

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Now and then, a Contrast
By Dr. Conchita L. ManabatBy Dr. Conchita L. Manabat

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Now and then, a contrast

When virtue is lost, benevolence appears; when benevolence is lost, light conduct appears; when right conduct is lost, expedience appears. Expediency is the mere shadow of right and truth; it is the beginning of disorder. —Lao Tzu

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THE RISING THREAT OF CYBER-CRIMINALITY
Zoilo By: Zoilo "Bingo" P. Dejaresco III

MANILA BULLETIN (Business Option)
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THE RISING THREAT OF CYBER-CRIMINALITY

Even newly-installed Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. has pointed at cyber-criminality as one of the major concerns of his new administration. The US$81-M hacking of the Bangladesh sovereign account and the money laundering that ensued here is still -fresh in every one's mind. The recent glitches in the Bank of the Philippine Islands system and the Banco de Oro ATM portfolio, although monetarily harmless to clients are clear signs the banking scene has been altered by technology,.

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‘1 with the 99’
Flor G. TarrielaBy Flor G. Tarriela

MANILA BULLETIN (Business Option)
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‘1 with the 99’

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