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

Benedicta Du-Baladad


To FINEX members and friends,

PRESIDENT’S REPORT
August 2017 Issue

Last July 19, Department of National Defense (DND) Undersecretary Cardozo Luna shared with us the security policies of the Duterte Administration amidst Marawi crisis and the Martial Law in Mindanao. Unfortunately, DND Secretary Delfin Lorenzana Jr. was not able to grace the event due to an emergency meeting that he has to attend.

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President's Message August 2017
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Message from the President:

Benedicta Du-Baladad

To FINEX members and friends,

PRESIDENT’S REPORT
August 2017 Issue

Last July 19, Department of National Defense (DND) Undersecretary Cardozo Luna shared with us the security policies of the Duterte Administration amidst Marawi crisis and the Martial Law in Mindanao. Unfortunately, DND Secretary Delfin Lorenzana Jr. was not able to grace the event due to an emergency meeting that he has to attend.

Today, we are extremely privileged to have Department of Trade and Industry (DTI) Secretary Ramon Lopez to share with us the department’s roadmap under the Duterte Administration and share his insights on how the small and medium enterprises (SMEs) help the country in achieving inclusive growth.

***

Last July 26, the Media Affairs Committee hosted the seminar on “Business Writing in the Age of Social Media” with Manila Times CEO Dante “Klink” Ang II as the speaker.

On August 1, the ICT committee hosted the forum on “Virtual Currency for Financial Innovation”. New BSP Deputy Governor Chuchi Fonacier, Union Bank Chief Technology Officer Henry Aguda and Microsoft Asia Pacific Financial Services Industry Solution Lead Lesly Goh.

On August 3, your FINEX Board of Directors, together with some members of the FINEX Foundation Board of Trustees, Capital Market Development Committee and National Affairs Committee paid a courtesy call to BSP Governor Nestor Espenilla Jr. The courtesy call was a good occasion to share with the Governor the advocacies and projects of FINEX especially those which are similar to the BSP’s advocacies.

FINEX was likewise invited to the Philippine Development Forum: Sulong Pilipinas 2017 which was held last August 9, 2017 at the EDSA Shangri-la Hotel. For this year’s forum, the business communities evaluated what the government has achieved and re-affirm their recommendations from last year’s forum that will help in fine tuning the government’s current policy direction and priorities.

On August 12, the Junior FINEX Committee hosted the 2nd JFINEX Future Business and Finance Leaders Forum at the De La Salle University. FINEX Members Tes Dimaculangan of Dimaculangan & Co., Joel Consing of ICTSI and Edward Lee of COL Financial served as the forum speakers. The committee also had Edmund Lee, Jean Ng and Jeanin Chung as the other speakers.

Also on August 12, the Environment Committee, in partnership with the Women in Finance Committee, conducted a Tree Planting Activity in Cavitex mangrove Area.

***

In the coming months, we have a lot of exciting activities to look forward to.

On August 24, the Women in Finance Committee will sponsor an exclusive screening of the critically acclaimed movie, “Ang Araw sa Likod Mo”. The net proceeds of the project will be for the benefit of the poor but deserving students of Caritas Manila and Hero Foundation.

On September 20, the Environment Committee of the FINEX Foundation will host a seminar entitled “Renewables: The New Normal” with National Renewable Energy Board Chairman Jose Layug Jr., Meralco Head of Utility Economics Lawrence Fernandez and Solar Philippines President Leandro Leviste as speakers.

On August 23, the Sports and Wellness Committee will hold the 1st Parangal Golf Tournament in honor of BSP Gov. Nestor Espenilla, Jr. at the Eagle Ridge Golf and Country Club.

***

Aside from all of these events, we should look forward to the upcoming major activities in the last months of the year.

On its 3rd year, the Professional Development Committee will host the Ayala FINEX Finance Summit 2017 on September 20 at the Fairmont Hotel. The Summit is an annual event which is designed to bring together the country's top CFOs and other prominent executives for a discussion on the diverse and evolving roles played by today's CFOs. More importantly, it hopes to provide an opportunity for our members to gain insights from successful CEOs and CFOs on how best to deal with the emerging challenges and opportunities that come with their responsibilities. This year’s theme is “The CFO: Catalyst and Strategist in the 4th Industrial Revolution”. AC Industrial CEO Arthur Tan, Zalora CTO Karthik Subramaniam, McKinsey & Co. Philippines Managing Partner Suraj Moraje, ICTSI CFO Joel Consing and ABD-CBN CFO Aldrin Consing have confirmed to be this year’s speakers.

We are also partnering with the Institute of Corporate Directors (ICD), Institute of Internal Auditors Philippines (IIAP) and Management Association of the Philippines (MAP) for the Risk Conference which will be held on September 26 at the Dusit Thani Hotel.

On September 27-29, IAFEI will host the 47th World Congress in Sao Paulo, Brazil with the theme “Latin America and Global Connections. For those who would like to join the FINEX contingents, the FINEX Board has allocated P 200,000 to subsidize the registration fees of the attendees. You may call our Secretariat for more details.

The 19th Inter-Collegiate Finance Competition (ICFC) by the Junior FINEX Committee will hold the Elimination Round on September 29 in 7 different locations simultaneously. The Final Round on November 28 will be held at the Bangko Sentral ng Pilipinas. I would like to express our sincerest gratitude to JP Morgan & Chase for sponsoring this very important project for the past 7 years. Through the support of ICTSI, the Final Round of the ICFC will feature more foreign schools to compete head-to-head with the best finance students in the country. Likewise, Forecasting and Planning Technologies, Inc. will support the upgrade of technology which will be used during the Final round.

The much awaited 49th FINEX Conference with the theme “Breaking Barriers to Competitiveness in the ASEAN Financial Sector” will be held on October 13, 2017 at the Fairmont Hotel, Makati City. I am very excited to inform all of you that former Malaysian Prime Minister Tun Dato Dr. Mahathir bin Mohamad has confirmed to be the conference keynote speaker. We also invited several ASEAN government and business leaders to be speakers and panelists, together with our country’s experts, during this year’s conference as we intend to promote our conference to other business organizations in the country and in the region. We look forward to your attendance to this conference.

On October 12, we will have the annual Year-end Economic Briefing to be hosted by the Professional Development Committee which will be followed by the Annual Membership Meeting and Election.

The Search for the 11th ING FINEX CFO of the Year is now open. Deadline for nomination is on August 31, 2017. This year’s awardee will be revealed on November 15.

***

Once again, I would like to thank our year-round sponsors in 2017:

Partners: Divina Law Office
DMCI Homes
San Miguel Corporation

Diamond Sponsors: Du-Baladad and Associates (BDB Law)
DMCI Holdings, Inc.
Pilipinas Shell Petroleum Corporation

Gold Sponsors: BDO Unibank, Inc.
Philex Mining Corp.
Punongbayan & Araullo
SGV & Co.
FINEX Conference Sponsors: Diamond – Security Bank Gold – Ayala Land, Inc., Bank of Commerce, EON The Stakeholder Relations Group, Jollibee Foods Corporation, KPMG RG Manabat & Co., Manila Electric Company, Ortigas and Co., and Steel Asia Manufacturing

All our projects will not be possible without the financial support from all of us. We hope that you will find it in your heart to support our organization by being one of our corporate sponsors in all our upcoming events.

We also encourage everyone to invite your colleagues and friends to join FINEX.

We likewise reiterate our call to everyone to join the various activities of our organization. We are continually improving our projects to make it more relevant for all of us.

***

Last June 21, we had our special membership meeting. I urge your strong support to the matters which were taken up during that meeting. Kindly sign the approval forms for the amendments to the FINEX’ and FINEX Foundation’s Articles of Incorporation and By-Laws, particularly on the extension of the corporate life of FINEX.

In addition, we likewise seek your support by approving the sale of the FINEX Foundation’s Philippine Dealing System Holdings Corp. (PDSHC) shares to the PSE. If you may recall, in 2015, we have secured the written assent of the 75% of total membership to proceed with the transaction but due to some concerns, the transaction did not push through. This year, the PSE is once again proposing to buy the PDSHC shares of the FINEX Foundation on the new terms. We are hoping to receive your support on this very important transaction.

***

Some of you may have already received the nomination ballots for this year’s election of 2018 FINEX Board of Directors and FINEX Foundation Board of Trustees. We hope that you will actively support this exercise by returning back your ballots to the FINEX Secretariat. Vote wisely and intelligently. Vote only those candidates whom you think will always look after the overall best interest of the organization

***

It has been quite a busy year. I congratulate the efforts of our committees - the chairpersons, co-chairs and vice chairs, their liaison directors and members - for continually providing us with significant and exciting activities for the past several months.

To end, I invite our members to get more involved in the activities of FINEX this year – attend your GMMs, join the various Committees, participate in our workshops and seminars, be one of our resource speakers, write for the FINEX Focus and volunteer your services for the various FINEX advocacies.

All the best!
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