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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PH-OGP, The Philippine Open Government Partnership. Part 2
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Santiago F. Dumlao Jr.By Santiago F. Dumlao Jr.

BUSINESS MIRROR (Free Enterprise)
September 22, 2017

PH-OGP, The Philippine Open Government Partnership. Part 2

Finex Free Enterprise is a rotating column of members of the Financial Executives Institute of the Philippines appearing every Wednesday & Friday in BusinessMirror, banking & finance Section.

Again, to recall, the Philippine Open Government Partnership (PH-OGP) “aims to secure concrete commitments from governments to promote transparency, empower citizens, fight corruption  and harness technologies to strengthen governance”.  These appear to be such big words.  Motherhood statements, we might say, perhaps deserving just to be ignored into insignificance.

What a cynic you are, dear reader, if you trap yourself into this kind of dismissive thinking. The PH-OGP program is working and is already producing some desired outcomes. The 2017-2019 Fourth National Action Plan (NAP) has been developed through nation-wide convened consultations with concerned government agencies and civil society organizations (CSOs), and is in its final round of open consultations.

There are several reasons the PH-OGP is working.

First, the Duterte administration is supportive of the effort and has committed resources, coupling the PH-OGP to President Duterte’s change agenda to deepen the consultation process.  Note that Executive Order 9 (December 1, 2016) created the Office of Participatory Governance to promote active citizenship, inclusiveness, transparency and accountability in governance by engaging different stakeholders to participate in governance and nation-building efforts. Executive Order 24 (May 16, 2017) created the Participatory Governance Cluster of the Cabinet that is mandated to exert all efforts to enhance citizen participation in government processes.

Second, the PH-OGP pinpoints specific projects, identifies specific measurable outcomes, exacts commitments from specifically engaged government agencies, establishes counterpart commitments from CSOs matched to the specific project and performance is monitored and evaluated and reported to the PH-OGP Steering Committee, and shared with all stakeholders, including international partners and affiliated organizations.  There are continuing regular meetings among designated point organizations/point persons to track the progress of fulfilling commitments, and there is a midterm and an end-term assessment of the PH-OGP NAP which is formulated for two-year implementation cycles.

Third, the PH-OGP has established a secretariat, one government Secretariat administered by a specific DBM work unit; and another non-governmental secretariat.  This has enabled the stakeholders, and particularly the steering committee, to comprehensively record all consultations; to document all contributed opinions, discussions and decisions; and to organize all these in reports which conveniently enable recipients to take necessary action and for readers to engage in citizenship participation.  These secretariat reports help consolidate one’s thinking and are available at the PH-OGP web site.

Fourth, there is a national steering committee, now meeting more frequently, to process the many inputs of the various government and non-governmental stakeholders, in the development, implementation, monitoring and assessment of the NAP.

Fifth, of course, is the purposeful engagement of the private sector, including representatives from business and academe, but most specifically, the CSOs, many of whom have been involved working with the government in various fronts of reform.

I’ve had some experience joining workshops with these CSOs and they are passionate with what they’re doing, they’re an insistent lot, and can’t be discouraged about their advocacies.  It is apropos, therefore, to title the PH-OGP NAP 2017-2019 as: “Co-Creating Governance Outcomes with the Filipino People”.

Be curious about PH-OGP.

Santiago F. Dumlao Jr.

He is the current Secretary-General of (ACRAA) Association of Credit Rating Agencies in Asia. FINEX past president. the-philippine- open-government- partnership/

Forecast and prediction

Manila Times(FINEX FILES)
January 05, 2018

Forecast and prediction

'Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.'Warren Buffett

People often ask me – “What’s going to be the price of bitcoin at the end on 2018”. Without any statistical basis, my unremitting retort is – “I don’t know”.

Golden FINEX rising
J. Albert GamboaBy J. Albert Gamboa

January 5, 2018

Golden FINEX rising

1968 was the year that changed the world, according to Time magazine. Civil rights leader Martin Luther King, Jr. and US presidential candidate Robert Kennedy were assassinated. A youth rebellion paralyzed France and students took over Columbia University in New York. Czechoslovakia tasted freedom for a brief moment in the Prague Spring; Mexico City hosted the Olympics; and the Tet Offensive became the turning point of the Vietnam War.

The Philippine Basketball Association will not die
Zoilo By: Zoilo "Bingo" P. Dejaresco III

January 3, 2018

The Philippine Basketball Association will not die

There were fears politics would put an end to the highly popular Philippine Basketball Association (PBA) tournaments a few weeks ago over a controversial trade involving franchise player Christian Standhardinger.

What to expect in 2018
Mr. George S. ChuaBy Mr. George S. Chua

MANILA BULLETIN (Business Option)
January 2, 2018

What to expect in 2018

My crystal ball tells me that the letter T will loom large in 2018, actually 4 of them, Taxes, Trans portation, Telecommunications, and Tourism. With the recent signing into law of the first phase of the tax reform package, we can see a mixed bag of results that will benefit certain sectors and be disadvantageous to others. Low income earners with an annual income of not more than R250,000 will no longer have to pay any taxes. That is certainly good news for them,

Ethics in media
By Mercedes B. SuleikBy Mercedes B. Suleik

MANILA BULETTIN (Business Option)
December 26, 2017

Ethics in media

The use that people make of the media of social communications can bring about great good or great evil. Today we move in an “information age” wherein all sorts of images, messages, perceptions, and ideas assault our senses every day. Not only is media able to influence society, but they can actually propose ideas and models of behavior that impinge on the whole world.

A Christmas Message
By Dr. Conchita L. ManabatBy Dr. Conchita L. Manabat

December 22, 2017

A Christmas Message

Christmas is one day in a year where most Filipinos take the time and effort to prepare. To some, the preparation commences once the “ber” months start. And of course, there is the usual last minute rush to gear up for it.