President's Message
Ma. Victoria C. Españo Message from the President:

Ma. Victoria C. Españo


Year 2018 is indeed a special year for FINEX: it marks our 50th anniversary as a leading organization of finance professionals. Through the able leadership of our past presidents and the multitude of members who have actively participated in and supported our different initiatives, we have made significant achievements in supporting the professional development of finance executives,

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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 ).

Chinese influence in business
Ms. Wilma Inventor MirandaMs. Wilma Inventor Miranda

February 16, 2018

Chinese influence in business

With the celebration of Chinese New Year, it is a perfect time to look deeper into how the Chinese greatly influence our economy. When we see “made in China” nowadays, we usually relate that to cheap items, low quality, fake goods and imitations. But this article will not focus on the Chinese from the mainland but the Chinese who began their businesses generations ago and have children who are now Filipino-Chinese and successful businessmen themselves.

Dr. Jose Pardo – Just Think Positive!
Flor G. TarrielaBy Flor G. Tarriela

Business World (FINEX Folio)
February 16, 2018

Dr. Jose Pardo – Just Think Positive!s

Last Saturday Jose “Titoy” Pardo, PSE Chairman and former Secretary of Trade/Finance was conferred the Degree of Doctor of Science in Finance by De La Salle University headed by Br. Raymundo Suplido.

At the luncheon celebration, the “new Doctor” was asked to dispense a cure to problems at hand, he shared how to cope with emerging VUCA (Volatility, Uncertainty, Complexity and Ambiguity) related problems. Dr. Pardo picked up from Dr. Charles Handy, author of The Age of Unreason, who said “All businesses or any economic activity are vulnerable to shock and inevitably will experience tremors in the market place. The important thing is to be quick in responding to change and to never succumb to the status quo style of management. If it ain’t broke, fix it.”

PSE: Unified at last
J. Albert GamboaBy J. Albert Gamboa

February 16, 2018

PSE: Unified at last

More than 25 years after the merger of the Manila Stock Exchange (MSE) and the Makati Stock Exchange (MKSE) into the Philippine Stock Exchange (PSE), the country’s securities industry is set to be finally unified in a single trading floor.

Ethical challenges in today’s world
By Mercedes B. SuleikBy Mercedes B. Suleik

February 14, 2018

Ethical challenges in today’s world

Pundits sometimes quip that “business ethics” is an oxymoron, a contradiction in terms because it is said that there is an inherent conflict between ethics and the pursuit of profit. But more and more, as we see the effects of such unmitigated self-interest, we begin to wonder whether the mantra of the 1980s, “Greed is good” has not visited disaster on so many people today. Today we find ourselves in a quandary—is our world spinning out of control? Has evil taken root in every sphere of our lives, so that even the very means of our efforts to sustain our existence are now suspect?.

A La Juventud Filipina
By Mercedes B. SuleikBy Mercedes B. Suleik

September 13, 2017

Faith in the workplace

It has often been considered that faith and the ordinary life of a person, that is his work, his daily activities, are not compatible. That, for instance, being ethical and being guided by morals in business or in the workplace, must be dichotomized from religious belief.

Swedish death cleaning and Lagom

Swedish death cleaning and Lagom (Business Option)
Feb.15, 2018

Swedish death cleaning and Lagom

Mafe, my beloved spouse, has been asking me recently to start disposing some of the old stuff that have been untouched in our attic. After all, I’ve accumulated quite a ton of books, magazine and school stuff from studying and teaching all these years. And even my clothes and gadget collection (men stuff) have remained to pile up. It all came to head recently when she shared Margarita Magnusson’s new book, “The Gentle Art of Swedish Death Cleaning.”.