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 ).

Forecast and prediction

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”.

Golden FINEX rising
J. Albert GamboaBy J. Albert Gamboa

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.

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

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.

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,

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.

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

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.