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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July 27, 2010 - 2010 OUTSOURCING FORUM
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This year FINEX through its National Affairs Committee will again hold an annual outsourcing forum.  The venue this time will be in Meralco (Pasig Room) and the theme will be ‘WHY OUTSOURCE?”  Last year’s theme is whether to outsource or not to outsource.  But most companies now realized that outsourcing is no longer an option but a business reality. 

The roster of speakers for this year is an interesting mix.  For the first time we will have somebody from the client side to speak on her Company’s experience on outsourcing and her topic will be “PROS AND CONS OF OUTSOURCING”.  She is the HR Manager of a subsidiary company of a New York Stock Exchange (NYSE) listed Company.  They are outsourcing certain functions to third party providers in almost all areas of their Company’s operations and she is Ms. Gemma Rozul...

To update us on the state of the outsourcing industry in the Philippines and its future under the new government administration we have invited no less than the one in the helm of the leadership of the business processing industry organization which is the BUSINESS PROCESSING ASSOCIATION OF THE PHILIPPINES (BPAP) .none other than Mr. Oscar Sanez

Only few companies are into knowledge outsourcing since this requires special expertise and experience.  But there have been a big demand for this kind of service nowadays even locally so we invited someone whose Company’s expertise is into risk management/assessment, internal audit (which may include IT audit), application system provisioning, etc.  He is none other than the Chairman of KPS Outsourcing, Inc. Mr. Freddie Non.

We are also inviting somebody to speak on the topic “Finance and Accounting Outsourcing” but as of to-date we are still awaiting his reply, we cannot mention his name yet.  This topic is very relevant especially because most of those who will be attending would probably be financial executives or those with finance and accounting background.

The importance of this Forum cannot be overemphasized especially since a big portion of our dollar inflows is derived from outsourcing.  Unemployment has dramatically dropped too, because of the mushrooming of call centers and business process outsourcing (BPO) companies which gave jobs to thousands of personnel who otherwise would belong to a significant number of jobless Filipinos.

Outsourcing is no longer an option but a business reality. It has become a survival strategy not just a business strategy.  Globally the number of companies which are into outsourcing are increasing in leaps and bounds and some big companies put up their own shared service centers to cater to their offices located in different parts of the world.  This also constitutes outsourcing but catering to internal customers since this is company-focus rather than to outside clients.

The increase in number of companies globally which are into outsourcing just goes to prove that outsourcing is here to stay.  It also proves that many companies are benefited by outsourcing not only in terms of cost arbitrage or economic reasons but also strategic and technical reasons.  Strategic in terms of sharing risks, gaining access to new resources, etc and technical referring to access to new technology and special expertise, coping with the speed of technology obsolescence and several other technical considerations.

The Forum which will bring together providers and clients will help clarify certain issues on outsourcing  and help companies decide whether their companies are ready to go into outsourcing or if already into outsourcing how to use and maximize it for business growth. This could also be a chance to discuss on how the government can best support the industry and how both the providers and the clients can work together harmoniously for an effective & harmonious outsourcing relationship.

 (Wilma Miranda is the Chairperson of the Publications Committee of FINEX.  For comments, please email her at 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.