business

Security Bank Wins Big at The Asset Benchmark Research Awards

December 21, 2017

Since 2014, Security Bank Corporation has been consistent in winning this distinction, recognizingits potential for investors in the region. Security Bank Corporation (PSE: SECB) recently bagged three accolades from the prestigious Asset Benchmark Research Awards at the Conrad Centennial Hotel in Singapore. Lauded by local and regional financial institutions, Security Bank was recognized as “Top Bank for Government Bonds”, “Top Bank for Corporate Bonds” and “Top Investment House in the Philippines by the said body. The Asset uses the Asian Local Currency Bond Benchmark Review in determining the winners of the said award. The review is conducted annually with respondents from various investors in Asia using different methods to give subscribers detailed, actionable results. “We are deeply humbled by the awards we have received from The Asset. These achievements further inspire us to continue providing the best in market banking services that we offer to our loyal investors and banking clients,” says Security Bank Corporation President & CEO Alfonso Salcedo, Jr. “Fulfilling our BetterBanking promise, these awards prove that Security Bank is one of Asia’s most competitive banks in the region,” he concludes. Security Bank officers were also recognized on the same awards night: Ramon M. Arriola, Jr., Dino Aquino and Nicolo Cruz were recognized as Most Astute Investors; Carlyn Dulay and Angeline Sia-Uy were lauded for being Best Individuals in Sales while Rossanna Refuerzo was awarded as the Best Individual in Trading. More than 300 industrial fixed income investors across 11 Asian markets were surveyed to rate the best banks or securities companies using a strict criteria. Security Bank was deemed as one of the best banks and financial service institutions by investors. The Asset Benchmark Research Awards has produced peer-generated rankings of best individuals and most astute investors in Asian local currency and Asian G3 bonds for more than a decade. The Asset only awards the best financial institutions that vetted premium financial services to its investors.

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TRAIN to benefit Filipinos, boost economic growth: NEDA

December 21, 2017

MANILA -- The National Economic and Development Authority (NEDA) welcomes the passage of the Tax Reform for Acceleration and Inclusion (TRAIN) bill, noting its implementation will benefit majority of Filipinos and boost the achievement of economic growth targets. TRAIN, which was signed Tuesday by President Rodrigo Duterte, is the first package of the government’s proposed Comprehensive Tax Reform Program (CTRP), which is seen to generate additional revenue to fund the country’s investment requirements. “The implementation of TRAIN is essential as it will increase the spending capacity of the average working Filipino, boost revenue-to-GDP (gross domestic product) ratio and fund government’s infrastructure and human capital investment program,” said NEDA Director-General and Socioeconomic Planning Secretary Ernesto Pernia in a statement. The TRAIN bill exempts those with an annual income of PHP250,000 and below from personal income tax, and also adjusts excise taxes on fuel and automobiles. “As we look forward to TRAIN’s implementation next year, we will continue to rally for the full implementation of the CTRP to promote equity, and raise the needed revenues for government’s programs and projects especially in infrastructure, education and health,” said Pernia. With the CTRP, NEDA’s analysis shows that real gross domestic product (GDP) will be higher by 0.5 to 1.1 percent by year 2022. Meanwhile, the NEDA also welcomes the passage of the General Appropriations Act (GAA) for 2018, which was also signed by Duterte Tuesday. The 2018 GAA proposes a national budget of PHP3.7 trillion, 12 percent higher than last year’s budget. “With the passing of TRAIN and the 2018 GAA, we are well on track in reaching our medium-term targets. These are in line with the development strategies in the Philippine Development Plan (PDP) 2017-2022, which identifies tax reform, infrastructure development, and human capital investment as priorities,” he added. (PNA)

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PH exports expand by 11%

December 18, 2017

The Department of Trade and Industry through its Export Marketing Bureau sees solid growth for Philippine merchandise exports this year as it continues to expand by 11.68% with total sales of $53.11 billion for the period January-October 2017 compared to the same period last year with total $47.55 billion of export sales. For ten straight months, the value of merchandise exports in the review period was shared almost evenly by electronics and non-electronics at 50.78% and 49.22%, respectively. In a preliminary report from the Philippine Statistics Authority (PSA), Year-On-Year (YOY) growth for October 2017 showed the country’s total export sales increased by 6.6% from $5.04 billion last year to $5.37 billion this year supported by the double-digit growths of six out of top ten major Philippine exports including fresh bananas.   Six gainers for October 2017 exports sales include gold (297%), electronic equipment and parts (43.3%), metal components (21.9%), fresh bananas (20.8%), other mineral products (19.6%), and electronic products (13.8%). Receipts for top ten major exports for October 2017 reached $4.25 billion with a total share of 79.2% of the total export receipts. Electronic products led the top ten commodities with total export sales of $2.86 billion, accounting for 53.2% of the total exports revenue for the month of October 2017. “Export sector is a big employment generator and we welcome these positive developments as this will translate to more job opportunities,” said DTI Undersecretary for Trade and Investments Promotion Group Nora K. Terrado. Japan remains as the top export destination for October 2017 with total exports receipt of $871.36 million and a share of 16.2% in total exports. “Japan is a significant trading partner for the Philippines. We are maximizing good relations that we have with them by introducing and increasing awareness of various design-driven products and services that we can export. We are also seeking new markets while we continue to expand our exports to existing trading partners. DTI continues to apply new approaches and strategies based on trends and changing consumer landscape,” explained Terrado. Meanwhile, the leading destination of PH merchandise exports for the first ten months of the year was still the combined markets of PROC (China) and HK SAR (Hong Kong). Shipments to this combined markets, with a share of 24.31%, increased by 22.10% in value. By regional bloc, East Asia remains the top regional export destination for Philippine merchandise exports comprising for 51% share in total exports sales while ASEAN ranked second with 16% share for the month of October 2017. Exports to European Union remain rosy with total sales of $677.94, an increase from $549.20 million in October 2016. Recently, DTI unveiled the Inclusive Innovation Industrial Strategy or i3s that aims to grow and develop globally competitive and innovative industries. With this, DTI aims to increase production capacity of the country’s industries as well as introduce and develop innovative and creative products and services viable for exports.

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DAR cites 15 outstanding cooperatives of Mimaropa

December 18, 2017

PASIG CITY – The Department of Agrarian Reform (DAR) in Region IV-B conducted its 1st MIMAROPA ARBOs (agrarian reform beneficiaries’ organizations) Summit where it cited 15 outstanding ARBOs in the region. With the theme “Organisasyong Magsasaka: Katuwang sa Patuloy na Pag-unlad,” the summit recognized and showcased the gains and achievements of ARBOs after the assistance of DAR and its partner-agencies. The summit was graced by newly-appointed DAR Acting Secretary John Castriciones who emphasized the marching order of President Rodrigo Roa Duterte to empower and uplift the lives of farmers in the country. “As Secretary of DAR, we will continue to undertake programs and activities to help you, our agrarian reform beneficiaries (ARBs) form yourselves into ARBOs. These citations that you received are proof that your hard work and the assistance of the department and our partner agencies are successful in increasing your income and uplifting your lives,” said Castriciones. He also directed the DAR-MIMAROPA to encourage farmers to become members of cooperative to avail of support services provided by the DAR. “As a member, [of cooperative,] farmers can avail credit assistance, crop insurance, farm facilities, and marketing support for a sustainable crop production, agri-enterprise, and livelihood projects that would help them increase their income,” Castriciones said. Regional Director Arnel Dizon said that under the DAR beneficiaries’ development program, DAR-MIMAROPA is currently assisting 175 ARBOs. “Out of the 175 ARBOs, 15 stood out as the best performing cooperatives in terms of growth, income, management, and sustainability,” Dizon said. “This summit would encourage the ARBOs to work towards liberating themselves from dependence on capitalists and financiers. With sustainability and effective management of their cooperative’s agri-businesses, this is possible,” he explained. The 15 outstanding ARBOs include the San Miguel Farmers and Fishers Multi-Purpose Cooperative (MPC), Magdiwang MPC, Samahang Gumagawa Tungong Tagumpay MPC, Mina De Oro MPC, Baliis Farmers & Community Association, LinksFARM Magsaysay Site, Mansalay Agriculture & Fisheries Development Cooperative, Liwanag ng NAPO Multi-Sectoral Peoples Cooperative, Agra Progreso, Malalong MPC, St. Maria Agrarian Reform Cooperative, Tanikala ng Pagkakaisa, Longon MPC CK Plus and Tuban Blessed Farmers MPC. The farmers’ summit was held on Dec. 13, 2017. The MIMAROPA region consist of Oriental Mindoro, Occidental Mindoro, Marinduque, Romblon and Palawan.

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Gov’t steps up ongoing Marawi recovery efforts - Sec. Andanar

December 13, 2017

The government’s efforts to restore Marawi City and other war-torn areas continue to move forward, Presidential Communications Secretary Martin Andanar announced last week. “As more IDPs (internally displaced persons) come home, we strive to keep our hopes up that they would go back to a peaceful and prosperous Marawi,” Secretary Andanar said in the Bangon Marawi press briefing in Malacanang. The Sub-Committee on Business and Livelihood of the Task Force Bangon Marawi, headed by the Department of Trade and Industry (DTI), continues to provide sari-sari store kits, sewing equipment, and carpentry and electronic technician tools to the IDPs in different evacuation centers and to those who have already returned home to Marawi. Moreover, DTI’s Small Business Corporation (SB Corp.) provided a maximum of P10,000 worth of loans to each 100 eligible IDP borrowers to help them start businesses. Aside from these livelihood opportunities, the local government of Marawi conducted community mappings in barangays under cluster number 3 in preparation for the next batch of “Kambalingan” or IDPs’ homecoming. “The latest count of returnees, as of yesterday, December 7, 2017, are, in 19 barangays, 14,319 families or 71,595 persons,” Andanar reported. Andanar added that 54.12 percent of Marawi City has been restored with electricity. The Department of Social Welfare and Development, (DSWD), on the other hand, has already given 10,576 returning families from clusters 1 and 2 access to its support and maintenance services worth P116,530,934, which included financial assistance, food packs, and hygiene and kitchen kits. Further, the Department of Education (DepEd) will mobilize its resources and various units through the Brigada Eskwela sa Marawi (BESM), set to launch on December 13, in an effort to help students displaced by the crisis. ‘DOH’s intensifies rehab efforts in Marawi’ The Department of Health (DOH) has also intensified its ongoing efforts to respond to health challenges faced by displaced families in Marawi City. They were given TSeKaP, or the Tamang Serbisyo sa Kalusugan ng Pamilya, services which included the provision of medical supplies as part of the ongoing medical assistance to all IDPs. “Moreover, psychological intervention has been made available to affected families and service providers in an effort to address their mental health needs,” Health Secretary Francisco Duque III said. Marawi hospitals, particularly the Amai Pakpak Medical Center and the Doctor Abdullah Hospital, are on a 24/7 operation. “The DOH central office, as well as its regional offices and partner agencies, have given a total of P222,388,985 worth of logistics and funding assistance to the hospitals as well as to the evacuation centers in the concerned areas,” Duque reported. ‘Martial law extension in Mindanao’ In the same press briefing, Armed Forces of the Philippines (AFP) Spokesperson Major General Restituto Padilla Jr. disclosed the AFP has recommended to President Rodrigo Duterte the extension of martial law in Mindanao. “Our recommendation has been submitted to the Secretary of National Defense, and the Secretary, after duly studying it, has forwarded the recommendation to Malacañan,” Padilla said, adding that he was not privy to the length or duration of the extension. He cited the continuing threats posed by the Daulah Islamiyah, Bangsamoro Islamic Freedom Fighters (BIFF), and Abu Sayyaf Group (ASG) as bases for the martial law extension. The AFP Spokesperson also said the increasing violent incidents perpetrated by the communist rebels, following the President’s declaration to formally end the peace talks with the Communist Party of the Philippines (CPP), the New People’s Army (NPA), and the National Democratic Front (NDF), is something the government needs to watch out for. ###PCO-Content

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MyPhone to Hold TechSummit 2018 on January

December 12, 2017

MyPhone Philippines, together with Brown & Proud and BBulletin held a press conference at the MyPhone Loft in Green Sun Makati last December 7th to introduce its dream project, The Bussines Tech Summit on January 18 - 19, 2018 with the theme “Hack to the Future: Collaborate for a Better Future”. Metro Manila, NCR (December 2017) -- In an effort to provide the Filipino youth with the right technological tools and knowledge to design world-class products and services, MyPhone announces the commencement of TechSummit 2018 on January 18 - 19, 2017, at the Green Sun Hotel, 2285 Don Chino Roces Avenue Extension, Makati City. Along with event partners, Brown & Proud and Bbulletin, MyPhone chose Filipino-centric theme for its 2018 Business Tech Summit, “Hack to the Future: Collaborate for a Better Future.” “We want to showcase the beauty and elegance of the Philippines, including its products, cultures, heritage, even the local brands here, the food, as well as the fiestas and festivities that we enjoy. We are a country rich in culture and heritage that when creatively expressed, can be truly spectacular and world-class. “ said Beda Manalac, Vice President of Solid Group Inc,. “[Through the TechSummit 2018], we also aim to foster a collaborative environment among barangays, non-profit organizations, universities and academe communities, government agencies, and the Filipino citizens.” Mr. Beda Manalac also shares an inspiring story about Solid Group, Inc. the mother company of MyPhone and Brown&Proud. “The story of the Solid Group started decades back. It was after the World War 2 when a lady from Tacloban made a living out of reading and acting comics to people who weren’t able to read. From that little money she was able to go to Manila and start a new life. Fast forward to 2017, the young lady then, Elena Lim, is now the founder of group of companies who brought in and built several known brands in the country. While striving to build the now 70 year-old Solid Group, Mrs. Lim’s formula to to success is to carefully study every business she’s going into. This she wants to partake to every starting Filipino entrepreneurs, and this is the very foundation of the BROWN&PROUD Movement.” A recent study from the World Economic Forum (WEF) for the Global Information Technology Report finds that the Philippines continues to show improvements in terms of leveraging the benefits of information and communications technologies (ICT) since 2014 until present. Of the different indicators WEF used in their report, the Philippines showed significant performance in terms of quality of management schools, quality of educational system, adult literacy rate, use of virtual social networks, capacity for innovation, and impact of ICTs on new organizational models. “Filipino youth are generally technologically-inclined. Just imagine how many hours we spend every day on our mobile phones, on Google, YouTube, and all those social media sites. The interest is already there. We just need to educate and direct them towards the better use of information and technology in realizing their dreams,” said Kristine Ricafort, Founder/CEO of Bbulletin, an IT Enabled Bulletin Board, a Tech-platform that intends to bridge people and communities through technology and collaboration. “How we can harness the power of technology to better communicate and effectively disseminate information with authentic and timely contents is one of the things we want to impart to the summit delegates.” “The world is changing fast and you need to keep up in order to survive, at-least. What we need is a community, a venue to share, collaborate and help each other stand and face the inevitable. The BUSINESS TECH SUMMIT is that place. The venue that will help our countrymen adapt, understand and embrace the evolution.” Said Cedric Horndeo, Director of Brown & Proud, a brainchild of MySolid Technologies, a Global Filipino movement that prides itself by offering a unique platform, a portal where the people can express their creativity and entrepreneurial skills, and benefit from it financially. Hackathon and Short Film Competition will be steered by Indigitous Philippines and The Film Dream during the event and will be judged by industry leaders. “Through the power of inspiring stories and films, The Film Dream Community believes in our Filipino youth’s values, creativity and innovation as key contribution to building our nation as one community. We are committed to be a partner in community building through each and every Filipino youth and the realization of their film dreams.” said Hope of The Film Dream Other sponsors of the event include Green Sun Hotel (a hotel and events venue place in the beautiful and modern city of Makati), Soma Bistro, and VitaGreen-C (premium quality alkaline vitamin C supplement that’s 100% plant based). The TechSummit is also supported by Tech4ed – DICT (Technology for Education, to gain Employment, train Entrepreneurs towards Economic Development), DevCon (Developers Connect), SEO – Hacker (is all about providing the world with the latest information in the SEO industry) and Syntactics PINK (Promoting Innovation and Networking Knowledge for Women). About MyPhone, Brown&Proud and Solid Group Inc. MyPhone is the first Filipino mobile phone brand that offers dual-SIM mobility in the country. It has always been a pioneer in bringing various technological developments that are heavy on nationalistic themes and pro-Filipino features. About MyPhone Tech Summit 2018: The MyPhone Tech Summit 2018 celebrates the Filipino pride and excellence in information technology, encouraging the Filipino youth and communities to join and participate the 2-day event which will talk about the latest trends and developments in the IT industry. It will be held on January 18 - 19, 2018, from 8:00 am to 7:00 pm, at the Green Sun Hotel, 2285 Don Chino Roces Avenue Extension, Makati City. Delegates may now reserve Ticket’s for the summit: Early Bird Rate: (Deadline: December 22) Student Delegate Fee: Php 250 Community Delegate Fee: Php 500 Regular Rate: Student Delegate Fee: Php 500 Community Delegate Fee: Php 1000 Links to Register: https://tinyurl.com/httf-studentdelegate https://tinyurl.com/httf-communitydelegate https://tinyurl.com/httf-individualdelegate For more information and updates, please visit: https://www.facebook.com/hacktothefuture and http://facebook.com/myphone

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