finance
JUANDER LUGAW : A Little Business That Can Fly
By: Miriam Fabian
WHAT’S in a name? Apparently, a lot.
Juander Lugaw, the name of a small eatery serving lugaw (rice porridge) and “binaklot” (Ilocano for binalot) in San Pedro, Laguna, was inspired by a popular primetime series featuring a local superhero of the supernatural kind–Juan dela Cruz.
The proprietor of Juander Lugaw, Jose Ian Aguilar, admitted his fondness for superheroes, but his search for the right name for his shop proved to be challenging. First he thought of “Super Lugaw”, but after browsing the website of the Department of Trade and Industry (DTI), he was disappointed to find out that the name had already been taken. Then there was “Lugaw Juan”, but a quick internet search showed that it was already being used by another business.
Luckily for Aguilar, who is also a father of three, one afternoon, his children were watching Juan dela Cruz on television. Thus, “Juan dela Cruz” and a Filipinized reading of “Wonder” (one popular moniker for certain superheroes like Wonder Woman) were merged to come up with “Juander” while their byline was, “Lilipad ka sa sarap” (the taste will make you fly). #OpinYon #business #JuanderLugaw Miam Tan-Fabian
read cont | http://bit.ly/17QHuOZ
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KILLING THE CARTEL
By: Al S. Labita & Miguel Raymundo
IN a dark alley in Binondo, Manila’s Chinatown, a Chinese rice trader ponders on the fate of the tons of rice he illegally stockpiled in his leased warehouse.
Not only were the grains rotting, but their storage also drained him of “dirty profits” he pocketed from speculating on the supply and demand cycle of the Filipinos’ major staple.
Call it “bad karma,” but the tsinoy trader—like his peers in the cartelized trading of rice—is bearing the brunt of the government’s resolute political will to stabilize the rice market–and stamp out smuggling, hoarding and price manipulation.
Based on OpinYon’s research, a paper trail leads to Binondo as the epicenter of cartelized trading of grains, apparently in cahoots with corrupt government officials.
Mostly involving Tsinoys, the syndicate–described as “big and powerful”—corners and manipulates rice prices, creating an artificial shortage in the grains market. #OpinYon #banner#RiceHoarding #Rice
read cont | http://bit.ly/16G1q9v
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SHOULD OCTOGENARIANS STILL RUN THE FAMILY BUSINESS?
by: Enrique Soriano
AS life expectancy rises, an increasing number of business leaders are in their 80s and demographic trends will ensure this rises further in the future. But does it make good business sense?
According to Joseph Fan, co-director of the Institute of Economics and Finance at The Chinese University of Hong Kong, family succession issue in Asia is “extremely challenging” as many dominant family-run firms are in transition period with the founders being very elderly.
Wisdom and relevance in family businesses
Ingvar Kamprad, although 85 years old, remains heavily involved in IKEA – the company he founded. He retired in 1986, but insiders say the flat-pack retailer’s “senior advisor” continues to direct strategic decision-making.
In the US, Si Newhouse, Jr., 83, and his 81-year-old brother Donald own and run Advance Publications, which includes Condé Nast. But a number of Condé Nast’s publications, including “Modern Bride”, “Elegant Bride”, “Gourmet” and “Cookie”, have folded in recent years, which might lead to questions over the Newhouse brothers’ leadership abilities, or at least whether they are capable of taking the business forward. #OpinYon #business
read cont | http://bit.ly/150duPR
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REFOCUSING ON LOCAL GOVERNANCE
by: Ike Señeres
THE bottom line of the pork barrel issue is local governance. In theory, the purpose of the pork barrel is to fund local development needs that could not be “seen” by Congress as it approves the General Appropriations Act (GAA) for each fiscal year. Pursuing that theory, the Congress apparently came up with the legal fiction that whatever could not be “seen” by them as a whole assembly could be seen by the district Congressmen from their own local vantage point.
According to newspaper reports, the Lower House of the Congress has already decided to “scrap” the old pork barrel system, apparently replacing it with a new system that would focus more on line item budgeting, although it seems that the Congressmen could still “recommend” their own local projects subject to the approval of the appropriate House Committee and the corresponding implementing line agencies, i.e. the National Government Agencies (NGAs). #OpinYon #business
read cont | http://bit.ly/15HOA4F
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Green and Profitable
How ChemRes Runs its Business the Ethical Way
By Miriam Tan-Fabian
WATER is life and life comes from water. And while 70% of the planet is made of water, only a small percentage of it is drinkable. At the same time, since pollutants tend to easily contaminate our bodies of water and since water easily disperses, water pollution should be everyone’s concern, especially companies. Such facts seem obvious, but unfortunately, these truths are often lost in the minds of many businessmen when it comes to the environment.
Regrettably, many company owners and top managers share a static mindset that is convinced that reaping profits is inherently irreconcilable with the protection and preservation of the planet and that caring for the environment means additional costs, thus eroding competitiveness, but Engr. Jose L. de Jesus does not agree. #OpinYon #business
read cont | http://bit.ly/1bZvJsS
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Pivot in Asia 2
by: Erick San Juan
A LITTLE over a year now, Russia hosted the Asia Pacific Economic Cooperation (APEC) forum in its Pacific port of Vladivostok. Back then. Russian President Vladimir Putin signaled that Moscow’s interest in Asia was rising as the traditional market for its energy and raw materials—the euro zone–wallowed in crisis and stagnation. And After America’s much-ballyhooed “pivot to Asia,” it is now Russia’s turn. (Source: Russia’s Pivot to Asia? by Ariel Cohen, Ph.D.)
Why not, given the following statistics, can Russia rebalance the two ‘superpowers’ in the Asia-Pacific region–United States and China. To wit: Russia produces more oil and natural gas than anyone else on the planet and because of this Russia is the number two oil exporter in the world and supplies 34 percent of Europe’s natural gas needs.
Since Vladimir Putin first became president of Russia, the Russian economy has grown at a very rapid pace. The following is from Wikipedia: #OpinYon #Asia #opinion
read cont | http://bit.ly/1dNlkyF
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Swiss Ambassador to the Philippines Ivo Sieber: IN LOVE WITH THE PHILIPPINES
ABOUT 10,530 kilometers of land and ocean separate the Philippines from Switzerland. But in an instant, Filipinos can easily answer what comes to mind when they hear “Swiss”—the Swiss knife, chocolate, cheese, watch, and the Swiss Alps.
Many generations of Pinoys have been raised on products made by the Swiss food and beverage giant Nestle and treated for various ailments using Swiss-manufactured medicines.
Fact is, Switzerland has had official relations with the Philippines since 1862, when the Philippines was still a Spanish colony and most of our revolutionary heroes were still toddlers. The Swiss Consulate in the Philippines was the very first consulate in Asia and have maintained consular offices here until today.
Their man in Manila today is Ambassador Ivo Sieber. And, the Philippines is close to Sieber’s heart because he has been married for some 20 years now to Gracita—a beautiful Filipina with whom he has two teenaged girls. #OpinYon #Foreign #Swiss
read cont | http://bit.ly/14F88t2
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New Issue Of OpinYon – Sept.23 – 29, 2013
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BCDA President and CEO: ARNEL PACIANO D. CASANOVA, ESQ. “Top Caliber Executive”
THE name alone grabs attention, but it is the story of Arnel Paciano D. Casanova that is more enthralling.
The current President and Chief Executive Officer of the Bases Conversion Development Authority (BCDA)—the Government-Owned and-Controlled Corporation mandated to transform former US military bases into alternative productive civilian use—Casanova has a demeanor that radiates authority and a simplicity that reveals his humble roots as a farmer’s son who grew up in Batangas province.
From his modest origins, Casanova sent himself through school through scholarships and by working odd jobs which include being a farm hand, baker, ice cream peddler, fast-food restaurant helper, English tutor, and researcher.
At the University of the Philippines, he earned degrees in Law, English Studies, and Urban Planning. The proof of his brilliance is a Master’s degree in Public Administration—with concentration on finance and leadership—from Harvard University’s Kennedy School of Government.
Starting from the bottom of the ladder, Casanova’s his rise to the top is phenomenal, a classic rags-to-riches tale but nevertheless a story uniquely his own.
“One of my greatest accomplishments is that my family has been lifted from poverty. Our life is very different now,” Casanova said in a newspaper interview last year. #OpinYon #BCDA #Feature
cont | http://bit.ly/1f3EeCZ
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