TABLE OF CONTENTS 1. “MAPping the Future” Column in the INQUIRER on 30 January 2017 and “M.A.P. Insights” in BUSINESSWORLD on 31 January 2017 “WORKING TOGETHER TO ACHIEVE INCLUSIVE PROSPERITY” by M.A.P. President MARIFE B. ZAMORA 2. Marife Zamora, MAP Board, inducted by CJ SERENO 3. Updates on the EMERGE Program 4. M.A.P. Committee Chairs and Vice Chairs for 2017 5. Complimentary Read-Only, Online Subscription for Oxford Business Group’s Digital Reports 6. 7. Forthcoming Events 6.1 February 28 (Tue) M.A.P. General Membership Meeting with Amb. SUNG KIM, U.S. Ambassador to the Philippines Marriott Grand Ballroom, Newport, Pasay City 6.2 March 31 (Fri) 5th ASIA PACIFIC REAL ESTATE INVESTMENT SUMMIT Unraveling the New Philippines: Heightened Optimism. Surging Investment. 8:00 AM to 5:00 PM, Dusit Thani Hotel Articles/Papers being Shared with M.A.P. Members 7.1 “Accountant's creed” from M.A.P. Tax Committee Chair and M.A.P. EMERGE Committee Vice Chair ALEXANDER “Alex” B. CABRERA’s “As easy as ABC” Column in THE PHILIPPINE STAR on 29 January 2017 7.2 “One Wins, One Loses” from M.A.P. Governor PETER WALLACE’s “Like it is” Column in the PHILIPPINE DAILY INQUIRER on 26 January 2017 1 8. Birthday Celebrants 9. Condolences 1. “MAPping the Future” Column in the INQUIRER on 30 January 2017 and “M.A.P. Insights” in BUSINESSWORLD on 31 January 2017 “WORKING TOGETHER TO ACHIEVE INCLUSIVE PROSPERITY” by M.A.P. President MARIFE B. ZAMORA on 31 January 2017 In 1993, Maya Angelou read the concluding lines of the poem ‘On the Pulse of Morning’. The poem's themes are change, inclusion, responsibility, and our role in establishing economic prosperity. Capturing the hope embodied in the human spirit, it was a solemn and joyful reminder that all things are possible and that a new day is dawning. I would like to thank Atty. PERRY PE for leading the MAP in 2016, and the members of last year’s MAP Board of Governors for their valuable contribution to the MAP’s mission of promoting management excellence through nation-building. MAP’s Strategic Thrust In conducting our programs for 2017, the MAP Board will abide by the MAP’s continuing Strategic Thrust with the following 3 pillars: Members Benefits Advocacies for Good Governance Global Competitiveness Inclusive and Sustainable Growth Climate Change Programs for Management Excellence 2017 M.A.P. Theme As in the past years, our activities this year will be guided by a theme, and our 2 theme for 2017 is “Working Together to Achieve Inclusive Prosperity.” How do we operationalize the M.A.P. theme? 1. We will commit to the “Moral Imperative of Modern Leadership” - - - the concept of integrity – 'doing well by doing good' with strategies that reward positive social and environmental outcomes while promising healthy financial returns. 2. We will respond to the “Call to Action” by collaborating on humanitarian and development efforts to reward innovation and critical thinking to deliver economic freedom to the millions who have been left behind. We will encourage M.A.P. members to heed the urgent call for the 'noble vocation' of businesses to help create a more inclusive and humane economy. Inspired by the need to provide more and better jobs, broader prosperity and lasting ways to help the less fortunate, the M.A.P. will encourage transformative actions and an economic system that promotes growth and spreads its benefits more broadly. 3. We will promote “Decent Work for All” by addressing growing skills void that stunt economic growth threatening far-reaching social and political repercussions thru education that enrich. In pursuing its mission of promoting management excellence for nation-building, the M.A.P. will push for reforms and policies that are geared towards eliminating poverty, capitalizing on disruptive technologies, and enabling a more sustainable business environment where everyone has room to succeed. 4. We will harness the “Economic Power of Women” by sharing our learnings to foster a more equitable workforce and provide more opportunity for this critical population. TOP PRIORITY PROGRAMS FOR 2017 We in the 2017 Board have agreed to pursue the following Top Five Priority programs for 2017: First, TRAFFIC MANAGEMENT We plan our lives and schedules based on traffic such that all of us have become time-poor. The traffic problem continues to adversely affect business and employee productivity so we will continue pushing for the implementation of the M.A.P.’s Traffic and Infrastructure Recommendations that were submitted to the government in August 2015 through a paper entitled “Traffic and Transportation Problems of Metro Manila: A Holistic Approach.” Second, EASE OF DOING BUSINESS 3 We will continue the flagship program of the 2016 Board which is the “Ease of Doing Business” program. We will continue to offer practical business solutions for government’s consideration that will help improve the business registration/accreditation process and address bureaucratic problems faced by prospective investors. Third, ENTREPRENEURSHIP Through our EMERGE Program or the Educated Marginalized Entrepreneurs Resource GEneration Program, we will continue assisting the entrepreneurs who would like to go into businesses which have big potential for growth and job generation. The EMERGE Program today is now blessed with 3 ongoing projects, 19 Partnersin-Mission and 35 Volunteer Mentors. Fourth, EMPLOYMENT GENERATION Economically, employment provides income to families, stimulates demand for goods and services, and promotes sustainable growth. Socially, employment promotes social development, keeps the talent in the country, encourages the immersion of marginalized sectors of society, and improves social welfare. Fifth, WOMEN EMPOWERMENT We have created a Women Empowerment Committee that will address women empowerment issues like the ability of women to enjoy their rights to control and benefit from resources, assets, income and their own time, as well as women’s ability to manage risk and improve their economic status and well-being. This Committee will also be expected to help increase the number of women members of the M.A.P. and help encourage top women executives to go up the ladder and reach the top positions in their respective organizations. Member Benefits In order to make the M.A.P. more relevant to its members amidst the rapidly changing environment here and abroad, we will continue to have more interesting learning sessions and more networking fellowship activities this year. Members’ Participation As expert business leaders and managers, M.A.P. members will share their talent, time and treasure in our programs that address traffic management, ease of doing business, entrepreneurial development, employment generation, women empowerment, among others. 4 I call upon each and every MAP member to please support your Board’s efforts and participate in the various activities of the M.A.P. this year. In closing, I would like to thank my family - my son Ian who is represented by his wife Jhoana and my grandson Ayrton, my daughter Tina and my siblings. I wouldn’t be where I am today without my work family in IBM and of course, Convergys. I am also grateful for the support of my friends from UP, Sigma Delta Phi, Sylk and the SheEOs of the Filipina CEO Circle. Thanks too to my colleagues in the BPO industry, the AmCham and the Integrity Initiative for their support. Finally, I would like to thank the M.A.P. general membership and the 2017 Board of Governors for affording me the honor and privilege of serving as the 3rd woman president and the 68th President of the M.A.P. In conclusion, let me leave you with a quote from Pope Francis, “If we want security, let us give security. If we want life, let us give life. If we want opportunities, let us provide opportunities. The yardstick we use for others will be the yardstick which time will use for us.” (This article is lifted from the inaugural address delivered by the author during the 68th Inaugural Meeting and Induction of the 2017 Board of Governors of the Management Association of the Philippines. The author is the MAP President for 2017, and Chair of the Convergys Philippines Inc. Feedback at <[email protected]> and <[email protected]>. For previous articles, please visit www.map.org.ph) 2. Marife Zamora, MAP Board, inducted by CJ SERENO 5 President : Vice President : Ms. MARIFE B. ZAMORA Mr. EDUARDO “Ed” V. FRANCISCO 6 Treasurer : Asst. Treasurer : Secretary : Governor : Governor : Governor : Governor : 3. Mr. RAMONCITO “Mon” S. FERNANDEZ Atty. EMMANUEL “Noel” P. BONOAN Dr. DONALD PATRICK LIM Mr. ROMEO “Romy” L. BERNARDO Mr. ALFREDO “Fred” E. PASCUAL Mr. PETER WALLACE Mr. EDUARDO “Eddie” H. YAP Updates on the EMERGE Program 31 January 2017 Circular No. 011 – 2017 Subject: Updates on the EMERGE Program Dear MAP Member: Blessed New Year! Thank you to all those who gave their time and resources to EMERGE, M.A.P.’s inclusive growth program through job creation. Your participation as partners-in-mission, funders, mentors and/or committee members helped marginalized communities in Lanao del Norte, Zambales, Cavite and Batangas. The EMERGE Program stands for Educated Marginalized Entrepreneurs Resource GEneration Program which aims to provide jobs and income to the educated entrepreneurial poor with a business potential for growth but hindered by lack of resources. EMERGE tries to bridge this gap in entrepreneurial start-up by providing mentoring, values formation and funding. Mentoring will cover management skills, governance, regulatory compliance and values formation. As part of mentorship, we help prepare the financial projections and evaluate the viability for approval by the M.A.P. Board for funding assistance and mentorship support. Funding will provide initial equity requirement for a possible loan. Launched in 2015, total donations to the EMERGE fund amounts to P3.6 Million, P1.6 M of which was lent out to 3 projects as follows: P500,000 to Ecosustain Solutions, Inc. (EcoSol)for an abaca farming project in Rogongon, Lanao del Norte; P300,000 to farmer/landowner Mr. Filomeno Limeta through AgriDevelopment, the buyer of alternative fuel from napier plants in Nasugbu, Batangas and P300,000 to Community Health Education Emergency Resource Services (CHEERS)for the production of tropical flour from malunggay and cassava farmed by tribes in Zambales, used in the production of nutritional food & emergency food reserves for disasters, manufactured in Cavite. 7 EcoSol is ably handled by social entrepreneur Engr. Regina Antequista who has been with the community for the past 5 years. Passing fiber quality and moisture content requirements, the abaca farming and trading as of September 2016 delivered shipments to its sole client, New Tech Pulp, Inc., a New York-based company. Napier, on the other hand, is in partnership with the sugar company of Roxas Holdings, Inc. Napier or pokchong costs less to grow but can be harvested 3 times yearly. Twenty (20) farmers will earn additional income from this project. In the pipeline among others are coffee trading in Davao, virgin coconut oil farming and processing in Zamboanga and organic vegetable farming in Luzon. In our visits to potential funders and partners-in-mission, new directions lead us to offer mentoring services to foundations and CSR programs, hook up proponents to corporate value chain or develop projects in communities or locations where companies operate. The work of “mercy for the lost and confused and compassion for the poor and the needy,” (Pope Francis) continues. We are constrained to reach out to other communities due to limited funds. Should you wish to participate in the EMERGE program through projects, funding or mentoring, please send us an email at [email protected] or please call M.A.P. Secretariat at Tel: 751-1149. Thank you. Sincerely, FRANCISCO F. DEL ROSARIO, JR. Chair, EMERGE Committee 4. M.A.P. Committee Chairs and Vice Chairs for 2017 8 5. Complimentary Read-Only, Online Subscription for Oxford Business Group’s Digital Reports For MAP Members only As part of MAP’s partnership with the Oxford Business Group (OBG), MAP members are being offered a complimentary read-only, online subscription to all of OBG’s 9 digital reports for three years. Once you subscribe via the landing page, you will have access to all of the available reports on the website along with the ones yet to be published. In this case, as The Report: The Philippines 2017 is yet to be published (perhaps in April of this year), they will still get access to that Report including all Reports that OBG have globally. To avail of the complimentary subscription, MAP members are requested to please fill in their details via the link here: https://www.oxfordbusinessgroup.com/map Once you have completed the registration process, you will be able to access the equivalent of OBG’s basic annual subscription, which normally retails at £500 per person. Use the search engine at the top of every page to search over 25,000 articles by keyword, or go directly to the report you are interested in to read it in the online reader. We hope you enjoy your OBG complimentary subscription. 6. Forthcoming Events 6.1 February 28 (Tue) M.A.P. General Membership Meeting with Amb. SUNG KIM, U.S. Ambassador to the Philippines Marriott Grand Ballroom, Newport, Pasay City 10 11 6.2 March 31 (Fri) 5th ASIA PACIFIC REAL ESTATE INVESTMENT SUMMIT Unraveling the New Philippines: Heightened Optimism. Surging Investment. 8:00 AM to 5:00 PM, Dusit Thani Hotel 12 13 7. Articles/Papers being Shared with M.A.P. Members 7.1 “Accountant's creed” from M.A.P. Tax Committee Chair and M.A.P. EMERGE Committee Vice Chair ALEXANDER “Alex” B. CABRERA’s “As easy as ABC” Column in THE PHILIPPINE STAR on 29 January 2017 I beg the indulgence of my readers this Sunday as I share here instead an excerpt of my keynote speech last Thursday before the Association of Certified Public Accountants in Commerce and Industry (ACPACI): There were times, during the last decade or so, that accountants grabbed the limelight for the wrong reasons. Enron, AIG and Lehman Brothers, to name a few, were accounting-assisted scandals. External auditors were quick to be identified for crucifixion, but what can’t be missed is the role of the accountants inside the corporation – those accountants in commerce and industry. If at all it is a saving grace, accountants are not the most guilty in a fiscal scandal. They are, at best, pawns; and at worst, accomplices. These exceptions do not define the accounting profession. But they can define a global economy that can be brought to its knees by the ripples of a collapse of a giant financial institution, assisted by accounting mistakes, if not accounting fraud. I have difficulty defining our profession to the guy next to me because I cannot point to a tangible product. It is easier to say that we tabulate the Oscars or the Miss Universe votes as that is relatable to all, but tabulation does not define us. I envy engineers or architects because they can show to any person the result of their labor, whether it be the three towers of the Marina Bay Sands in Singapore or the smaller three towers of Rockwell Business Center at Ortigas Avenue. I have a friend claiming that he got involved in designing the bridgeway connecting the two buildings of SM Megamall (a novelty when that was built), but I could not create the same impact explaining that we once performed an audit of the financial statements of SM. It’s easier for a doctor to point to a source of pride by naming the persons whose lives he saved or whose illnesses he cured. For an accountant, it just doesn’t sound the same to say that you saved costs for a company by doing tax-efficient structures. It must be said, though, that accountants have gone beyond non-traditional accounting products like environmental accounting, forensics, data analytics and technology-related services. But even these new service offerings cannot define an accountant. 14 What really defines an accountant is its real commodity, and that commodity is trust. Think about it. If people don’t trust that the money they part with will be accounted well, they will not deposit their money in banks. Then there will be no banks, no financial institutions, no pooling of funds for economic advancement. Without the financial reports, people will not invest in a company that they do not personally know anyway, and then there would be no public listing, no stock exchanges anywhere in the world. If you cannot measure growth without a validated base figure of past performance, then how can you aspire for growth? If you cannot figure out employee bonuses without a verified result of operations, then how can you at all reward employees? We may not build skyscrapers, but we can build a higher level of trust and confidence in the recorded transactions and in financial reports. We may not save lives, but we can elevate the standard of living because through transparency, people will be compensated with what they deserve. We may not be able to invent cure for diseases, but we know governance. And governance can be the cure to many corporate ills. So the next time we are asked, “What is your profession?” I would suggest an answer: “Our profession is about the preservation of trust.” Our real role is to protect what is true. As accountants, our real job is to be custodians of the truth. And that should be our source of pride. Alexander B. Cabrera is the chairman and senior partner of Isla Lipana & Co./PwC Philippines. He also chairs the Tax Committee of the Management Association of the Philippines (MAP). Email your comments and questions to [email protected]. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. 7.2 “One Wins, One Loses” from M.A.P. Governor PETER WALLACE’s “Like it is” Column in the PHILIPPINE DAILY INQUIRER on 26 January 2017 Think of this. It takes months, even years to pass a bill through the House of Representatives. It took the House more than 10 years to pass the Department of ICT and RH bills. The much-needed FOI bill is still pending in the Lower Chamber after more than 20 years. Last December, House Bill 4144 passed through all three readings in an incredible two weeks ― no, not months, not years, but weeks. Only two committee meetings were held to address the bill. So it must have been of utmost national importance. Maybe more important than the Emergency/Special Powers we all sufferers of traffic pray for. Or the proposed reduction of our taxes Duterte’s government has promised us. But, no, nothing like that, it was a bill not only not on the President’s priority list, 15 it wasn’t on any list at all. In fact, not only was it not government priority the Department of Finance even strongly opposes it. It just sought to stop the carefully thought-out law, RA 10351, designed to reduce, even stop smoking. And raise revenues for government’s health programs and to support tobacco farmers. It seems congressmen saw this as so urgent as to give it a priority never given before. So what is the change the House so urgently wants? It’s to stop the shift to a single, high, deterrent tax that came into effect on January 1, 2017. And introduce a two−tier system. Less tax for cheaper cigarettes (presumably, to help the poor die faster) and a higher one for the more expensive kind. Those arguing for a 2-tier tax system for cigarettes are working on a wrong premise. They think it is unfair to charge the poor as much as the rich because it is unfair to the poor. Indeed it is, if you want people to smoke. I don’t and no health expert does. Cigarettes are bad for you. The National Tobacco Administration say they want a 2-tier tax system so people will smoke low quality, cheaper local tobacco leaf. But the tobacco growers are opposing it saying increased taxes will hurt them. I thought one of the goals of the Sin Tax was to allocate funds to help some farmers switch to another crop. Coconut or corn would be a good choice. They could make good money while keeping Filipinos healthy. What a nice combination. In any case Filipino tobacco farmers needn’t suffer if people smoke less. Data from the National Tobacco Administration showed that in 2014, total tobacco leaf production amounted to 68 million kilograms. Of which, 56% or 38 million kilograms was exported unmanufactured leaf tobacco. It shouldn’t take too much effort to increase that, by improving the quality of their crop, to compensate for any loss in the domestic sales they are so worried about. So why was it proposed? Well there are only two major players in the cigarette business: PMFTC that makes brands in both cheap and expensive forms. And Mighty that makes only the cheaper ones. What happens when there’s a two−tier system is that many smokers down shift to cheaper, less taxed brands that one company relies on for its business. And like everything in this world you get what you pay for. Meanwhile forget the harm done by smoking and its impact on the poor, or the farmers who will presumably suffer by the hikes in tax proposed in this Bill. So is the intent of two tiers to hasten the death of the poor? That seems to be the curious argument. A two tier system results in PMFTC losing sales, and Mighty gaining them. The nonsense that congressmen are foisting on us – the tax is regressive and Filipino farmers will suffer – is just that: Nonsense. Yes, of course, its regressive it’s designed to be. To encourage poorer people not to waste their limited funds on smoking but instead look after their health. This is not an economic issue revolving around the tax being regressive if single tier, it’s a health issue, what best preserves the good health of people. Not smoking, or at least smoking less must be the focus, and the aim. A single tier will help do that. Two tiers won’t. You don’t want economics experts 16 discussing this, you want health experts. One would expect the Senate as a more independent, thoughtful body, will not agree to this strange railroading. E-mail: [email protected] Read my previous columns: www.wallacebusinessforum.com 8. Happy Birthday to the following M.A.P. Members who are celebrating their birthdays from 1 to 28 February 2017 February 1 Mr. WILSON LIM, President, Abenson, Inc. February 2 Mr. RAMON “Mon” B. ARNAIZ, Chair, Maybank ATR Kim Eng Capital Partners, Inc. February 3 Mr. ROMEO THADDEUS “Thad” LIAMZON , President, Artel Land Corporation February 4 Mr. TOMAS “Tom” B. ROCAMORA JR., COO, Philfoods Fresh-Baked Products, Inc. Mr. JOSE “Joe” R. SIMEON, Chair, Consolidated Matrix, Inc. February 5 Ms. ESTER R. PUNONGBAYAN, President and CEO, E. Punongbayan Global Outsourcing, Inc. Ms. ESTHER C. TAN, President, CEO and Vice Chair, PNB Life Insurance, Inc. February 6 Dr. MILAGROS “Mila” O. HOW, EVP, Universal Harvester, Inc. Mr. DELFIN “Del” L. LAZARO, Board Member, Ayala Corporation Atty. WILLIAM S. “Bill” PAMINTUAN , FVP, Deputy General Counsel and Asst. Corporate Secretary, MERALCO (Manila Electric Company) Atty. EUSEBIO “Ebot” V. TAN , Senior Partner, Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW) Amb. ALFONSO “Al” T. YUCHENGCO , Chair, Yuchengco Group of Companies February 7 Mr. CESAR V. CAMPOS, Chair, Cenel Development Corporation Dr. JOSE PAULO E. CAMPOS, President, Emilio Aguinaldo College (EAC) February 8 Dr. FERNANDO “Nandy” T. ALDABA , Dean, School of Social Sciences, Ateneo de Manila University Mr. JOVENCIO F. “Jovy” CINCO , President, Penta Capital Investment Corporation Mr. DANILO SEBASTIAN “Dan” L. REYES, Country Manager, Genpact Atty. ROMEO “Romy” G. ROXAS , Chair and President, Green Square Properties 17 Corporation February 9 Dr. CRISPINIANO “Cris” G. ACOSTA, President, FILMINERA Resources Corporation Mr. BERNARDO “Dong Dong” T. BENEDICTO III, Chair, CLB Engineering & Supply, Inc. Ms. IMELDA “Imee” H. CENTENO, SVP - Human Resources and Organization Development, United Laboratories, Inc. Atty. FRANCISCO “Francis” ED. LIM, Senior Partner, Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW) Ms. BERNADINE “Bern” T. SIY, Interworld Properties Corporation February 10 Ms. KAREN V. BATUNGBACAL, Executive General Manager, QBE Group Shared Services Ltd. Mr. JAIME “Jimmy” J. BAUTISTA, President, Philippine Airlines Prof. MATTHEW GEORGE “Matthew” O. ESCOBIDO , Assistant Professor, Asian Institute of Management (AIM) Ms. MARIDES FERNANDO, President, Bright Future Realty, Inc. Mr. SIMON “Mon” R. PATERNO, EVP, Bank of the Philippine Islands (BPI) Mr. RAYMUND GERARD “Rac” S. RACAZA, COO, Xurpas, Inc. Mr. STEPHEN JAMES “Steve” REILLY, COO, Resorts World Manila Mr. RAJAN “Raj” UTTAMCHANDANI, Chair and CEO, Esquire Financing Inc. February 11 Ms. MA. LOURDES MARGARITA “Dette” D. ARUEGO, Managing Director, Assessment Analytics, Inc. Dr. REYNALDO “Regie” T. CASAS, President - Projects, nv vogt Philippines Solar Energy One, Inc. Mr. RENATO “Rene” M. LIMJOCO, International Consultant Mr. ERMILANDO “Ermil” D. NAPA, Director, Trade and Investment Development Corporation of the Philippines (TIDCORP) Mr. KIRK Q. RAMOS, President and CEO, Stealth Ventures Corporation February 12 Ms. SERALINE LLOREN “Sera” MANGUNI Mr. CLAUDE MAZALLON, Country President, Schneider Electric (Philippines), Inc. Mr. JOHN L. MELVIN, General Manager, Belmont Agricorp Mr. EDUARDO “Edu” M. OLBES, EVP, Security Bank Corporation February 13 Ms. VALERIE “Riena” N. PAMA, President, Sun Life Asset Management Company, Inc. February 14 Mr. VALENTIN “Val” A. ARANETA, Monetary Board Member, Bangko Sentral ng Pilipinas February 15 Mr. ANGELITO “Lito” D. BERMUDO, President and CEO, Meralco Industrial Engineering Services Corporation (MIESCOR) 18 Mr. JOHN THOMAS “Jomi” GUEVARA DEVERAS, SEVP, Rizal Commercial Banking Corporation (RCBC) February 16 Atty. CIRILO “Vic” P. NOEL, Chair and Managing Partner, SyCip Gorres Velayo & Company (SGV & Co.) February 17 Atty. ROSARIO “Cherry” S. BERNALDO, Managing Partner, R. S. Bernaldo & Associates Mr. J. ERNESTO C. “Ernie” VILLALUNA , Director, Philex Mining Corporation February 19 Dr. KAREN BELINA F. “Karen” DE LEON , President, Misamis University Mr. NOEL C. “Noel” OÑATE , Chair, La Funeraria Paz Group February 20 Mr. DANILO T. “Donnies” ALAS , Chair and CEO, Alas Oplas & Co., CPAs Mr. ELEUTERIO D. “Terry” CORONEL , EVP and COO, Filinvest Development, Inc. Atty. NILO T. “Nilo” DIVINA , Managing Partner, Divina Law Mr. EDWARD K. “Edward” LEE , Chair, Citiseconline.com, Inc. Mr. BENJAMIN R. “Jay” LOPEZ , Vice President, First Philippine Holdings Corporation February 21 Ms. MARY “Mary” ANG , CEO and General Manager, Heritage Multi-Office Products, Inc. Mr. ROBERT LEO “Rob” YU , Philippines Investment Banking Coverage, Morgan Stanley Ms. MARIFE B. “Marife” ZAMORA, Chair, Convergys Philippines, Inc. February 22 Mr. GEORGE T. SIY , President, Face & Body Rejuvenation Center, Inc. Mr. JORGE MIRANDA “Jorge” YULO , President and CEO, 1 Document Corporation (Phils) Strategic Asia Pacific Partners, Inc. (Guam) February 23 Mr. DANTE M. “Dante” BRIONES , Chair and CEO, Sasonbi, Inc. Ms. AGNES “Agnes” GERVACIO Mr. RAFAEL R. “Peng” PEREZ DE TAGLE JR., Director, Metro Rail Transit Development Corporation Ms. LOURDES R. “Chingling” TANCO , Managing Director, Mida Trade Ventures International, Inc. February 24 Mr. EDILBERTO B. “Bert” BRAVO , Chair and CEO, U-Bix Corporation Dr. ROLANDO T. “Rolly” DY , Professor, School of Management; Executive Director, Center for Food and Agri Business, University of Asia and the Pacific Mr. LEE C. “Lee” LONGA , EVP and CFO, Pru Life Insurance Corporation of U.K. Mr. ROLANDO J. “Don” PAULINO JR., Managing Director and General Manager, Shell Philippines Exploration BV Ms. LYDIA P. “Lydia” SARMIENTO , Consultant, CSR Institute, League of Corporate Foundations (LCF) 19 February 25 Mr. EBB “Ebb” HINCHLIFFE , Executive Director, AMCHAM Philippines February 26 Mr. PROTACIO C. “Ding” BANTAYAN JR., President, ORIX METRO Leasing & Finance Corporation February 27 Ms. ENUNINA V. “Nina” MANGIO , President, Mawell Chemical Corporation February 28 Mr. JOSE P. “Jo or Jomag” MAGSAYSAY JR., CEO, Cinco Corporation (Potato Corner, BambooAsia Grill) Mr. BENJAMIN C. “Ben” ZETA , President, Solarlina Energy Systems Corporation 9. Condolences to the bereaved family of the following: 9.1 M.A.P. Life Member JACINTO “Jogy” M. MANTARING, JR. who died on 23 January 2017 at the age of 87. 9.2 M.A.P. Life Member RONALD “Dewey/Ron” D. REIDENBACH who passed away on 29 January 2017 at the age of 88. 20
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