JUNIOR FINEX

INTERNATIONAL FINANCE COMPETITION: PINOYS DID MAKE IT!

The Junior FINEX Committee of the Financial Executives (FINEX) Institute of the Philippines recently held its famous Inter- Collegiate Finance Competition (ICFC), now on its 11th year.

A day of excitement

The Finals were held on the 19th of October, 2009 at the Assembly Hall of the Bangko Sentral ng Pilipinas with the presence of Hon. Amando M. Tetangco Jr, Governor of the BSP who generously gave an inspirational talk and has always been a great supporter of ICFC.

The day started with a welcome address by Mr. Jean d’Orival, Chairman of the FINEX ICFC Organizing Committee who paid a special tribute to the three schools from Northern Luzon that attended the Finals despite the devastation brought by typhoon “Pepeng” in their regions.

Following Gov. Tetangco’s keynote address, the grueling day of competition finally started. Four rounds of complex financial questions that lasted from 9 am until 5 pm. All to be answered in a limited time (150 seconds each question) with an audible countdown for the last few seconds and a buzzer that added to the stress of the already tense students!

Most schools came with a contingent of noisy supporters, the largest being from UP Diliman and De La Salle University Manila. The passion of the supporters and the suspense intensified as we got into the last round in the Finals. The top 4 teams were only separated by a few points. By the penultimate question, the suspense stopped as Ateneo could no longer be caught up with. But the screams didn’t stop as the supporters congratulated all the participants.

Following the competition itself was the official results announcement by Ms Jade Roxas-Divinagracia, Chair of the Board of Judges and the Awarding ceremony with the presence of Deputy Gov. Armando L. Suratos, and Mr. Bobby Borromeo, President of FINEX who then gave the closing remarks. All then enjoyed a well-deserved cocktail in the Auditorium.

The Filipinos made it again!

For the third year in a row, FINEX invited some of the top Asian Universities to compete in the ICFC Finals, the idea being that our local students benchmark themselves against the regional elite. This year was even made more difficult by the first participation of the University of Hong Kong, ranked best in Asia.

The other foreign schools were National University of Singapore, Chulalongkorn University and Assumption University, both of Thailand. These are all well known for their excellence in Business and Finance education.

And for the third year in a row, the Pinoy Universities took the first 3 spots! It is a great pride for all of us and a fantastic achievement for all the coaches and teachers in the Philippines.

The Rankings

Noteworthy was the strong performance of UP Iloilo who placed 5th. They are getting stronger every year and show that the provincial schools don’t need to have any complexes when taking on Metro Manila!

Official Rankings Champions: Ateneo de Manila University
   1st Runner-up: University of the Philippines-Diliman
   2nd Runner-up: De La Salle University-Manila
   4. National University of Singapore
   5. University of the Philippines-Iloilo
   6. University of Hong Kong
   7. Mindanao State University-Iligan Institute of Technology
   8. De La Salle University-Dasmariñas
   9. Technological Institute of the Philippines-Quezon City
   10. Assumption University of Thailand
   11. University of St. La Salle-Bacolod
   12. San Sebastian College de Recoletos-Manila
   13. University of the East-Manila
   14. Far Eastern University
   15. New Era University
   16. Angeles University Foundation
   17. University of Santo Tomas
   18. Chulalongkorn University
   19. College of the Immaculate Conception
   20. Kingfisher School of Business and Finance
   21. Notre Dame University
   22. University of Cebu-Lapu Lapu/Mandaue
   23. Technological Institute of the Philippines-Manila
   24. Manuel S. Enverga University Foundation

Awards & Sponsors

CITI awarded cash prizes for the top three winning teams: P100,000.00 for the Champion, P60,000.00 for the 1st Runner-up and P40,000.00 for the 2nd Runner-up. AIM (Asian Institute of Management) awarded full MBA Scholarships and a six-month review course for the CFA Examination for the 3 students of the winning team (Ateneo) Also, to the Top Scorer of the AIMAT Exam, Ms. Jelyn Lois Lim of University of St. La Salle-Bacolod, who was also awarded with an MBA Scholarship. Furthermore, the top 10 Filipino Schools in the ICFC qualified for the 7th CITI Junior Bankers’ Congress (CJBC), a 3-day intensive practical banking course patterned along the lines of the University Banking Course, in the pursuit of enhancing the Philippine education in Finance. The CJBC was held right after the finals.

We want to once again acknowledge our sponsors without whom it would never have been possible: the two Diamond Sponsors : CITI (through the CITI Foundation) and VISTA LAND, the Major Sponsor : EDUCALC.NET (distributor of the HP Calculators in SEA), and all the other sponsors, namely, The Pan Pacific Manila, Jollibee, Eurotel/Sogo, Pagcor and Malayan Insurance; and the technical support of the Asian Institute of Management (AIM), CFA Philippines, PWC-Isla Lipana and the Bangko Sentral Ng Pilipinas (Central Bank of the Philippines).

Congratulations to all the participants and supporters of the 11th ICFC and we are all looking forward to next year’s UFC (Ultimate Finance Championship)!

FINEX HOLDS THE 11TH INTER-COLLEGIATE FINANCE COMPETITION

The Financial Executives Institute of the Philippines (FINEX) through its Junior FINEX Committee, will be holding its annual Inter- Collegiate Finance Competition (ICFC) on its 11th year, with Eliminations on the 18th of September and the Finals on the 19th of October, 2009 at the auditorium of the Bangko Sentral ng Pilipinas with the presence of Hon. Amando M. Tetangco Jr, Governor of the BSP.

The competition aims to enhance the quality of finance education in the country, and at the same time expose the participants to world-class finance education standards. The questions cover topics ranging from Corporate Finance to Economics based on the Chartered Financial Analyst (CFA) Level 1 body of knowledge.

In last year’s ICFC, eighty-four (84) colleges and universities from all over the country participated in the Eliminations Round, twenty (20) of which advanced to the Finals. Four foreign international schools joined the Finals Round of the competition - Singapore Management University, National University of Singapore, Chulalongkorn University of Thailand and Assumption University of Thailand. University of the Philippines - Diliman emerged as the Champion followed by the Ateneo de Manila University (first runner-up), De La Salle University – Manila (second runner-up), Assumption University of Thailand (third runner-up), National University of Singapore (fourth runner-up), and University of the Philippines – Iloilo (fifth runner-up). Indeed, the top three schools, University of the Philippines, Ateneo de Manila University, and De La Salle University, exhibited honor in bagging the top three places versus the other top-ranking Asian universities!

For these young Filipino prides in Finance, Citi provided a cash prize award for the top three winning teams: P100,000.00 for the champion, P60,000.00 for the 1st runner up and P40,000.00 for the 2nd runner up teams. More than that, Citi held its 6th Citi Junior Bankers’ Congress (CJBC), a 3-day intensive practical banking course patterned along the lines of the University Banking Course, in the pursuit to enhance the Philippine education in Finance.

This year, the Eliminations round will be held at five (5) different areas in our country, namely, University of Makati for NCR; University of the Cordilleras for Northern Luzon; University of the Visayas for Eastern and Central Visayas; University of St. La Salle for Western Visayas; and Xavier University-Ateneo de Cagayan for Mindanao. Over ninety schools will be participating for this year’s ICFC, including four (4) foreign schools: Chulalongkorn University, Assumption University of Thailand, National University of Singapore, and University of Hong Kong.

The sponsors of the prestigious finance competition for this year are Citi and Vista Land as Diamond sponsors, Educalc.net the master distributor of HP Calculators in the Southeast Asia as Major sponsor, and other sponsors, namely, Asian Institute of Management, CFA Philippines, Bangko Sentral ng Pilipinas, PWC-Isla Lipana, Malayan Insurance Company, Pan Pacific Manila, and PAGCOR.

Inter-Collegiate Finance Competition (ICFC)

The Inter-Collegiate Finance Competition (ICFC) aims to enhance the quality of finance education in the country, and at the same time expose the participants to world-class finance education standards. This year, the 11th ICFC, more than ninety (90) local schools and four (4) foreign schools will be participating.

Schedule
   1. May 8, 2009 – Deadline of Submission for CFA-CDP request forms
   2. July 1, 2009 – Deadline of Submission of YM ids for the Online Mock Exam
   3. July 11, 2009 – The first ever online mock exam
   4. August 8, 2009 – Deadline of Submission of the 11th ICFC forms and attachments
   5. September 18, 2009 – Eliminations Round
      a. NCR – University of Makati
      b. Northern Luzon- University of the Cordilleras
      c. Western Visayas – University of St. La Salle
      d. Central and Eastern Visayas – University of the Visayas
      e. Mindanao – Xavier University – Ateneo de Cagayan

OJT/Job Fair
    1. Classified Ads of Job Posting/OJT

Contact us
   Email: scbalisado@finex.org.ph
   Phone: (632) 8114184/8114052
   Fax: 8114185

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Sponsors

HP Calculators, EduCalc.Net, Citibank, Vistaland, CFA, Pagcor, AIM