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

Benedicta Du-Baladad


To FINEX members and friends,

PRESIDENT’S REPORT
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
Affiliations
Ads
A crisis cycle
Print PDF
J. Albert GamboaBy J. Albert Gamboa

BUSINESS WORLD(FINEX Folio)
July 21, 2017

A crisis cycle

FINEX Folio is a rotating column of members of the Financial Executives Institute of the Philippines appearing every Friday in BusinessWorld, opinion section.

Members of the Financial Executives Institute of the Philippines (FINEX) had been excitedly anticipating the general membership meeting last July 19, as the confirmed guest speaker was Defense Secretary Delfin N. Lorenzana.

However, FINEX President Benedicta Du-Baladad was informed at the penultimate hour that President Rodrigo R. Duterte’s designated martial law administrator in Mindanao had to attend to important matters related to this weekend’s special session of Congress on the proposed five-month extension of martial law. Instead, he sent one of his undersecretaries to talk on “Securing the Nation: Marawi Crisis.”

This month’s issue of FINEX Focus, the premier financial organization’s official publication, revolves around authoritarian rule with the cover story written by FINEX’s past president Santiago F. Dumlao, Jr. on “Martial Law, Then and Now.”

Allow me to share a joint editorial with Media Affairs Committee Chair Manuel R. Guillermo published under our “Key Points” column:

The terrorist attack came hard, fast, without warning, and thus conclusive – from a strategic sense. What followed next was an admirably commensurate response from our armed forces, equally hard and fast, which could lead to a reclaiming of lost territory very soon.

At the epicenter of this chaos is Marawi City in north-central Mindanao, shaking the consciousness of Filipino citizens everywhere, and presumably those of our neighboring countries. The price has been high: hundreds of lives lost; thousands of families turned into pitiful refugees; scores of properties destroyed; and normal existence degraded.

President Duterte has been decisive, vowing to swiftly wipe out the Maute Group and their cohorts. Many of us have likewise quickly supported his declaration of Martial Law in the entire Mindanao to stem the conflict from spreading beyond Lanao del Sur.

There are fears that by its very concept, military rule could bring about a new crisis – the probability that it would eventually encompass the whole Philippines due to the slightest provocation. Such thinking might be tinged with paranoia, borne out of our nation’s experience under a notorious past regime.

In any case, we have enough safeguards in the 1987 Constitution to prevent the abuse of its Martial Law provisions, which the 1935 Constitution did not provide. Nevertheless, the Marawi tragedy calls for a more vibrant discourse among our people. Re-educating our Filipino youth on the perils of excessive counter-measures should be necessary and timely.

But unfortunately, this scenario currently prevails: The silence is deafening. A vehement outcry from fear and dismay is reduced to guarded whispers or even to a cat’s whimper. The apparent affliction of public apathy debilitates, far worse than an insidious form of cancer that destroys everything in its path. The father’s sacrifices are lost on the sons, while the lessons of the past are conveniently abandoned due to overwhelming indifference.

This inspires us to quote from Lutheran pastor Martin Niemoller, who lamented the cowardice of German intellectuals following the Nazis’ rise to power and their subsequent purge of selected targets:

“First they came for the communists, and I did not speak out – because I was not a communist. Then they came for the trade unionists, and I did not speak out – because I was not a trade unionist. Then they came for the Jews, and I did not speak out – because I was not a Jew. Then they came for me – and there was no one left to speak out.”

Our national hero, Dr. Jose Rizal, once wrote: “I am blamed for everything because I have been more outspoken than anyone else, more frank than others in saying what I thought, but never a hypocrite or traitor.”

And was it Irish statesman Edmund Burke who said this? “The only thing necessary for the triumph of evil is for good men to do nothing.”

HOUSING AT THE CENTER

That’s the theme of the 6th Asia-Pacific Housing Forum on July 25-26 at the Novotel Araneta Center in Quezon City.

Organized by Habitat for Humanity Philippines, the forum will serve as an “urban thinkers campus” under the United Nations’ World Urban Campaign. Some 500 multi-sector thought leaders and housing stakeholders are expected to attend the two-day event with a wide array of global and local speakers.

Habitat for Humanity International started as a grassroots effort in 1976 and has become a leading non-profit group working in nearly 70 countries. Since 1988, its Philippine affiliate has supported more than 140,000 Filipinos in building or improving places they can call home. To learn more, donate, or volunteer, visit habitat.org.ph.

FEATURED ARTICLES
Forecast and prediction
By REYNALDO C. LUGTUBy REYNALDO C. LUGTU

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”.

Read more...
Golden FINEX rising
J. Albert GamboaBy J. Albert Gamboa

BUSINESS WORLD(FINEX Folio)
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.

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

BUSINESS MIRROR (FINEX Free Enterprise)
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.

Read more...
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,

Read more...
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.

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

BUSINESS MIRROR (FINEX Free Enterprise)
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.

Read more...
Partners