You are here:   Home Latest News President's Notes - July 18, 2012
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

Read More
2017 Year-Round Corporate Sponsors




President's Notes - July 18, 2012
Print PDF


Our next three GMMS leading to the October FINEX week celebrations promise to be both compelling and inspiring.  For our July GMM today, we are privileged to have with us former Secretary of Finance, Hon. Dr. Roberto F. De Ocampo OBE, who shall speak on the topic, “Responsible Finance: Are We Ready to Walk the Talk?”  Bobby, as we all know, was recently awarded by Her Majesty Queen Elizabeth II the honorary Order of the British Empire for his contribution to the development of UK-Philippine relations over the past four decades.  It is interesting to note, that as Secretary of Finance during the presidency of Fidel V. Ramos, Bobby introduced a number of policies and measures particularly in economic liberalization, privatization, and tax reform.


Through the efforts of Past President Greg Navarro, together with our partner, Deloitte, the FINEX Research and Development Foundation, Inc., will confer during our GMM the 2011-2012 Outstanding Finance Educator award.   Now on its 5th year, FINEX recognizes the importance of quality financial education and its long-term impact on future financial practitioners.  In this regard, we aim to directly contribute towards achieving excellence in finance education, a key driver for global competitiveness.


For our August GMM, we aim to have not just one, but up to four speakers who will tackle an equally important, though sometimes neglected, aspect of our well-being.  As finance executives, we may have overlooked the creative side of our brains.  Already confirmed as a speaker is Reese Fernandez-Ruiz, CEO and co-founder of Rags2Riches, a for-profit social enterprise creating and selling eco-ethical fashion accessories out of recycled cloth, organic materials and indigenous fabrics.  We are just awaiting the confirmation of our other invited guest entrepreneurs and artists which include a renowned and multi-awarded fashion designer and an internationally recognized and award- winning furniture designer among others.  Taking the lead for this activity are Director Terrie Magleo, Chairperson Deng Orial, Lolet  Mangilit and Malou Cristobal.


Likewise, we are pleased to report that we have received the much-awaited nod of our September GMM Guest of Honor, who is a very much travelled business icon such that we find it especially auspicious that he shall be with us in September.  We shall regale you with updates as the date nears.


While the FINEX week is still a good three months away, I would already like to drum up your interest by promising you that this year’s activities will be very exciting and different for us.  The FINEX week will be the apex of all that we have done and will fittingly showcase our Institute’s primacy amongst the country’s professional financial organizations.  The conference theme will be “Driving Growth and Competitiveness through Innovation”.  Among the confirmed speakers and reactors include Finance Secretary Cesar Purisima; BSP Governor Say Tetangco; Tourism Secretary Ramon Jimenez, Jr.; BPI President Gigi Montinola; BDO President Nestor Tan; as well as Dado Banatao, a well-known  Silicon Valley-based Filipino technology venture capitalist;,  and Dr.  Antonio Fernando, a multi-awarded professor and wellness practitioner from the University of Auckland.  Kudos to our hardworking team composed of Director Menchu Serina, Chairperson Bing Pasco, Eddie Gana, Ochie Quito, Gina Oris,  Albert Gamboa, Gema Cheng, Blanca Mercado and our friends from SGV Jesse Cabaluna and Puri Gonzalez. The festivities will start beginning from September 29 to October 5. Please block off your schedules as early as now.   


Your Board of Directors will have its first out of town meeting on August 23 in Cebu thanks to Director Anton Mauricio and Marivic Espano.  This will be an opportunity for us to touch base personally with our affiliates through a series of forums with our own directors acting as resource speakers.  We have arranged the forums to be made open to non-FINEX members to expand the reach of Institute and attract more members.


The FINEX 2012 Directory will be released in time for our July GMM.  Congratulations are in store to our hard-working team led by Director George Chua, Wilma Miranda, and Angeline Ngo.  This year’s directory exceeded expectations in terms of the number of advertisers as well as the quality of the final product.


Lastly, let me take this opportunity to recognize the efforts of the Director Omar Cruz, Over All Chairman for Sports and Wellness Committee Toti Bengzon, Golf Sub-Committee Chairman Arthur Chung, ably assisted by Jimmy Panganiban and Frank Ysaac.  They were behind the success of the 8th Parangal Golf Tournament with BSP Governor Say Tetangco held on June 30 at the Splendido Taal Golf and Country Club.  Congratulations to both our selfless organizers and to the deserving winners!


I hope that whilst we have positively completed 2012’s first semester, we shall continue to harness this strong momentum and finish this year with flying colours.  In addition to the FINEX Week, let us continue to tirelessly support the men and women of FINEX who continue to work on the Outstanding CFO of the Year as well as the Christmas GMM and Party, two major activities that shall bring us to the culmination of this year’s activities.  Bottom-line, our steadfast pride in the institution, coupled with hard work and selfless resolve, augur very well indeed for FINEX and our members in working towards a strong crescendo for a resounding finis to 2012.


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.