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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Zoilo By: Zoilo "Bingo" P. Dejaresco III

MANILA BULLETIN (Business Option)
October 5, 2017


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.

TODAY, THE WORLD IS ENJOYING the fruits of the 4th Industrial Revolution. And one of the most to be affected positively by this revolution is the way people travel on the road- by cars and trucks.

Today, a few hundred Volvo driverless (automated) cars are already running in the country of Sweden.Driverless cars are the wave of the future- and Uber will soon experiment that in some countries.

Even trucks will soon be driverless and even their auxiliaries and electric batteries will be solar-powered. What a change in logistics costs that will mean.

This 4th Industrial Revolution technology, according to Arthur Tan, CEO of the Ayala-owned Integrated Microelectronics Inc and AC Industrials -which currently provided some of the key components of the Volvo driverless cars- calls this as the so-called "Disruptive Models from Above".

" The new product is initially superior and more expensive- but gets cheaper at a faster rate than the market, while improving performance."- is its definition.

The future supermodel car will be a "driverless electric car". Technology will soon supplant the pollutive, fuel guzzlers of today by a lighter, less pollutive electric car. At some point, the traditional cars we have will reduce production by 70 % every year due to the presence of a superior substitute utilizing electric-solar power.

By the year 2037-2047- all cars running on the streets will all be electric-run and oil demand will plummet from 100 million barrels of oil production today to only 70 million barrels per day by 2030.

Stocks of electric car models were recorded only at somewhere at 100,000 in 2010 and shot to 2 million in 2016 and they are found in the following countries: Sweden, Germany, France, UK, Netherlands, Norway, Japan, the USA, and China.

And they come in various models (available up to 2020): SUVs, sports cars, sedans, hatchbacks, runabouts and small vans. One of the reasons for the growing viability of the electric cars is the fact that electric battery costs reportedly slumped from $1,000 (2010) per KWH to only $220 KWH in 2016.

But the greatest change will be psychological in nature. While in the past -ownership of a car was a dream, the new generation will be more interested in a "pleasant transportation experience."

Personal ownership of cars may become obsolete, and goodbye to garages and parking fees and spaces. The greatest beneficiaries globally will be the leading provider of per mile transportation: Uber, Lyft, and Zoot (Grab is in the Philipines, as well).

The present major car manufacturers will be providing vehicles to these companies. However, there are some like General Motors, Audi, and BMW who plan to compete with the likes of Uber using their own manufactured vehicles.

What is being forecast in the new revolution is the ultimate Robo-taxis that will provide tour services, as well. Based on the cloud profiling of the client, robo-taxis - on their own - without drivers- can ultimately tour a person in Bangkok or Rome -with multiple destinations and multiple cars -including researched places for entertainment, dining, and shopping suited to the client's personality and preferences.

What will happen to travel agencies and tour guides? In the air, as well?

Today, in Dubai, they are reportedly harnessing 2 seater Robo-Helicopters that can seat two persons and travel at least 30-minute distance. (That's Manila to Zambales, at least). It has 16 propellers. What's next, Watson?

It is a fact that man wants to travel and business demands transport facilities. In fact, the miles traveled by all vehicles in the world is expected to jump 8% year on end from 2017-2018. Who will supply the service that this ever-growing demand needs?

Driverless and electric cars could be examples of the "Disruptive Models from Above Types" Characteristically- in the sense -that over time, while they are more expensive even as they are superior to traditional vehicles in the beginning, as soon as man perceives their advantages, demand grows and the cost of producing one of them will become cheaper as volume goes up over time.

While being able to improve their performance as well as profits for re-investment rake in.

The 4th Industrial Revolution is truly exciting.

Transporation will become more pleasurable and cheaper and ownership of vehicles will no longer be a source of status symbol.

We will also be breathing fresher air as the fuel-eating cars are retired and electric cars come to vogue -since transportation vehicles represent a major source of air pollutant globally.

Ah, the wonders of this new industrialization. They continue to shock and awe.

And to think that this discussion is just limited to vehicles.

(Bingo Dejaresco, a former banker, is a financial consultant, media practitioner, and book author. A Life Time member of Finex, he is also its Chair for both Professional Development and Broadcast Media committees. His views here, however, are personal and do not necessarily reflect those of Finex. 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.