Alumni return home to SGV!

SGV celebrated on 13 September its alumni homecoming for 2017 at the Rizal Ballroom in Makati Shangri-La with the theme #SGVFriendsFamilyHome. SGVeans gathered for a night of good food and great company. More than 1,000 alumni attended the event including SGV Founder Wash SyCip.

SGV launches Faire des affaires aux Philippines

SGV’s long-running investment brochure, Doing Business in the Philippines, is now available in French. The French translation of the brochure, Faire des affaires aux Philippines, was launched at the Washington SyCip Development Center (WSDC) on 18 September.

In attendance were officers and members of the Embassy of France in Manila, the Philippine France Business Council, Business France, and the Department of Trade and Industry; Undersecretary for International Economic Relations at the Department of Foreign Affairs Ambassador Manuel Antonio Teehankee, SGV Founder Wash SyCip, Ambassador Delia Albert, and SGV partners.

SGV Vice Chairman and Deputy Managing Partner Wilson Tan opened the program and said that the publication is very relevant to the business communities of both countries. By disseminating the publication, SGV aims to continue supporting the country’s national development and economic growth.

Mr. Laurent Legodec, Deputy Head of Mission at the Embassy of France to the Philippines, stated that 2017 marks the 70th anniversary of the establishment of diplomatic relations between the Philippines and France. He also said that because of the increased number of French companies in the Philippines and with France being one of the Philippines’ most important trading partners, the publication can help further strengthen ties between the two countries. He also hopes to launch a French investment brochure to attract more Philippine companies to do business in France.

RJG receives AIM Recognition

The Transaction Advisory Services (TAS) team was recently recognized by the Asian Institute of Management (AIM) for their active participation, through TAS Partner Rene Galve, in AIM’s 2017 internship program. In awarding the recognition plaque last 8 September during the launch of the AIM mentorship program for MBA students, AIM cited RJG for his involvement in AIM’s networking events and small-group guidance sessions as well as in facilitating the internship in TAS of AIM MBA students, who were keen to experience transactions work. A similar award was also given in 2016.

Congratulations, RJG!

FSO encourages healthier lifestyle through knowledge session

To promote a healthier lifestyle, the FSO team recently hosted a Knowledge Session on Health and Wellness at the WSDC. The event focused on how health and wellness can build a better working world for SGV FSO professionals. Managers and partners from MG5 and FSO attended the event.

Chad Davis, a wellness coach and motivational speaker, shared his insights on the impact of holistic development. He discussed the ‘live well’ lifestyle citing how it gives individuals more energy and a happier outlook. Davis also emphasized the importance of getting enough rest, saying: “Sleep is life.”

Davis enumerated 10 basic points to become healthier. He suggested prioritizing the following: getting some sun, drinking water and eating healthier. Among the basic points, exercise ranked 10th. He stressed that one should repair the body first before putting it to work.

Before wrapping up his discussion, Davis shared some before and after photos of clients who participated in his health and wellness program. Davis claims that through his program, his clients – and even their family members – experienced higher levels of energy, a stronger immune system and improved productivity.

The session was organized by Senior Manager Catherine Biliran and Manager Emelyn Benitez.

WS turns 96

SGV Founder, Mr. Washington SyCip, recently celebrated his 96th birthday with current and alumni SGV partners at the Makati Shangri-La.

Retiring SGV Chairman and Managing Partner Vic Noel, who also marked his last day with SGV, welcomed all the guests. In a touching message, he shared, “As a young staff, it was my dream and aspiration to meet Mr. Washington SyCip. And since the day that I met him, Mr. SyCip has been my greatest role model and inspiration. I know that the same is true for the countless generations of SGV professionals who have been a part of the Firm for the last 71 years. Even at 96, Mr. SyCip amazes everyone with his boundless enthusiasm and curiosity, keen business acumen and incredible memory.”

The Japanese-themed dinner party also featured a video presentation on the Tsuruki-En Japanese garden within the Washington SyCip Park in Makati City, followed by a birthday toast led by former Prime Minister and SGV retired partner Cesar Virata.

Happy 96th birthday, Mr. SyCip!

FSO Advisory participates in BSP-ADB Conference

The FSO Advisory group recently participated in a two-day conference on Financing Agriculture Value Chain in the Philippines led by the Bangko Sentral ng Pilipinas (BSP), in partnership with the Asian Development Bank (ADB). Various stakeholders from the public and private sectors – government agencies, FinTech startups, private companies, banking and financial institutions, academe and foundations, non-government/non-profit organizations, as well as practitioners and experts in agricultural finance – discussed issues and opportunities in the Philippine agriculture value chain.

Speaking as one of the panelists on Exploring Live Financing Opportunities in Agriculture Value Chains, FSO Advisory Partner Ian Lauron (CGL) explained how an inclusive business mindset drives growth and value, and how value chain financing fosters inclusive business. He identified value chains that are actively seeking financing support and the investment and collaboration models that can be explored to support these chains. CGL also talked about the commercial and strategic potential of financing value chains and emphasized infrastructure as an imperative towards achieving financial inclusion.

For more than three years now, the Financial Services Risk Management (FSRM) group has undertaken various development work and has been a participant-collaborator in industry and regulatory initiatives to promote agri-value chain financing and investing. Aligned with the strategic directions of the new BSP Governor, the FSRM group provides decision support as well as risk and capital assessment services for both agri-value chain and infrastructure finance.

Also present at the event were FSO Advisory Associate Director Ruben Simon, Senior Associates Lyca Regina Antonio and Russel Aaron Ailes and Associate Eduardo Emilio Montenegro.

RGM speaks to Association of SEIPI Finance Executives

Advisory Partner Jan Ray Manlapaz (RGM) presented an overview of shared service centers (SSCs) in the breakout session of the Association of Semiconductor and Electronics Industries of the Philippines, Inc. (SEIPI) Finance Executives (ASEFEX) at the SMX Convention Center.

RGM started the discussion by introducing the evolving role of SSCs, key trends in Global Business Services (GBS) and the significant contributions of SSC/GBS organizations in the IT-Business Process Management (IT-BPM) sector of the Philippines. He also briefly discussed the procedures for setting up an SSC, understanding the tax incentives options in the Philippines, and several process migration approaches including typical finance and accounting functions for centralization.

Through a video presentation, RGM also talked about robotic process automation (RPA), how it is disrupting not only the enterprises but also other external organizations (e.g., government, academe), and how it is enabling cost savings, while at the same time increasing process accuracy and speed.

SEIPI is the largest organization of semiconductor and electronics companies in the Philippines. The SEIPI event was attended by finance executives practicing in the semiconductor and electronics industry. RGM was assisted in the event by Joanna Caubalejo-Tan, Senior Director in PI. Assurance Partner Aileen Saringan and Bienvenido Rebullido II, Senior Director, coordinated with ASEFEX organizers for the event.

SGV fetes retiring partners

SGV recently hosted a dinner at the Solaire Grand Ballroom in honor of five partners whose careers have made lasting contributions to SGV, namely: Jessie Cabaluna, Winnie Chan, Lito Montes, Wash Roqueza and SGV Chairman Vic Noel.

SGV Managing Partner Itos Cruz welcomed all the guests, followed by videos prepared for each partner showcasing memorable SGV moments and well wishes from colleagues. Sculptures were presented to them, each symbolizing a personal trait of the retiring partner. They then took turns delivering responses. The SGV Glee Club closed the program by serenading the crowd.

We thank all our retiring partners for their service and dedication to SGV and wish them all the best!

VLS is now a Certified Anti-Money Laundering Specialist

SGV Financial Services Organization service line leader Vicky Lee-Salas (VLS) recently passed the Certified Anti-Money Laundering Specialist (CAMS) examination. The CAMS credential is the gold standard in Anti-Money Laundering certifications and is recognized internationally by financial institutions, governments and regulators as a serious commitment to protecting the financial system against money laundering.

Congratulations, VLS!

LPF speaks at the 4th CFO Innovation Philippines Forum

SGV Tax Leader Luis Jose P. Ferrer shared regulatory and tax updates with the participants at the 4th CFO Innovation Philippines Forum held last 15 June at the Dusit Thani Manila hotel. The forum serves as a platform where the country’s finance executives and subject matter experts share their wisdom on various topics.

This year’s forum focused on challenges and opportunities arising from global changes post-elections in the US, China’s economic readjustment and ASEAN integration; managing risks around global currency fluctuations and volatility; taxation updates and developments in the Philippines; technological innovation on business models, operations and finance talent management; and the CFO’s strategic role transformation in the digital era. LPF, in particular, discussed tax reform, which is one of the salient features of the Duterte administration’s economic agenda.