TITLE SUBTITLE Issue #

What’s Inside…

“How to Improve the

Philippine Electoral System”

8th General Membership Meeting

Atty. Gregorio Larrazabal Former COMELEC Commissioner

In Every Issue

2 President’s Corner

3 Speaker’s Profile

8 – 10 Committee News

Featured Articles

6 Ethics on DISCLOSURE

7 For Art’s Sake

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“Innovating Businesses for a Better Tomorrow”

www.finex.org.ph Official Publication of the Financial Executives Institute of the Philippines Volume 14 No. 7 August 2019

President’s Corner

1. On 27 July 2019, the Arts Committee of the FINEX

Foundation arranged a presentation entitled “For

Art’s Sake, Musings on Pinoy Art and History”, with

Phyllis Zaballero as speaker, at the National Museum.

2. On 30 July 2019, the FINEX’s Professional

Development Committee arranged a seminar on the

topic “Power of Data” at the Dusit Thani Hotel in

Makati City with guest speakers: Mr. Gregory

Domingo of SM Investments, Mr. Alain Daniel

Amarante of Southeast Asia SAP Philippines, and

Prof. Erika Legara, Ph.D., of the Asian Institute of

Management.

3. On 1 August 2019, the FINEX Ethics Committee, in

partnership with the Ateneo Graduate School of

Business, conducted a forum at the Justitia Room at

the 4th Floor of the Ateneo Professional Schools in

Rockwell, Makati City, entitled “Ethics: Black or

White (or Gray)?” with Makati Business Club

Chairman Ed Chua, Management Association of the

Philippines President, Riza Mantaring, and FINEX

President Eusebio V. Tan, as speakers.

4. On 5 August 2019, meetings of the FINEX Academy

Excom and Board of Directors were held.

5. On 7 August 2019, a meeting of the FINEX

Foundation Board of Trustees was held.

6. On 8 August 2019, a special concert produced by

FINEX National Affairs Committee Chair, Eddie

Yap, entitled “Music from Movies”, was held at the

Samsung Hall of the SM Aura to celebrate the 50

years of existence of FINEX and as a tribute to its 46

Past Presidents and 12 CFO of the Year Awardees.

7. On 14 August 2019, a meeting of the Board of

Directors of the FINEX Institute was held.

8. On 16 August 2019, the Tax and Legal Committee of

FINEX held a seminar entitled “Taxation in the

Digital Age: The Philippine Perspective” at the New

World Hotel in Makati City with the following

speakers: Department of Finance Undersecretary

Antonette Tionko, SGV Partner Lee Celso Vivas, and

ACCRALAW Partner, Atty Eric Recalde.

9. During the period in review, the various FINEX,

FINEX Foundation, and FINEX Academy

committees held their regular meetings.

The forthcoming events of FINEX are the following:

1. On 25 August 2019, the FINEX Women in Finance

Committee will present a short talk by FINEX

Director Ms. Sheriza Nuesa on the topic “Women on

Boards, as Independent Directors and Advocates of

Good Governance” from 12:00 noon to 2:00pm at the

Brasserie 21 Café and Restaurant in Makati City.

Good afternoon, fellow FINEX members.

For the month in review, the following were the significant FINEX activities and events:

2. On 29 August 2019, the FINEX Good Governance

Committee will conduct a seminar entitled “Finer

Points in Good Governance under the Revised

Corporation Code” from 1:00pm to 5:00pm at the

Dusit Thani Hotel in Makati City, with former SEC

Chairman Atty. Teresita J. Herbosa, Atty. Atty.

Camilo Correa of the SEC, and Atty. Cesar

Villanueva, as speakers.

3. On 4 September 2019, the Ayala-FINEX Finance

Summit will be held from 9:00am-2:00pm at the

Fairmont Hotel in Makati City.

4. From 5-6 September 2019, the FINEX Foundation’s

Business Education Committee will conduct the 2019

FINEX-CIBI Foundation Finance Educators

Training Program (FETP) Davao Conference in

partnership with Ateneo de Davao University. Mr.

Franklin Ysaac, Mr. Eduardo Francisco, and Mr.

Bernhard Tsai will act as speakers.

5. On 11 September 2019, a FINEX Board of Directors

meeting will be held.

6. On 18 September 2019, a FINEX General

Membership Meeting will be held.

7. On 24 September 2019, in the afternoon, the FINEX

Professional Development Committee will conduct a

seminar entitled “Empower your Employees to a

Happy Retirement: Let’s Talk about PERA”. The

venue will be announced later.

8. On 25 September 2019, a meeting of the FINEX

Foundation Board of Directors will be held.

- Continued on page 3

Atty. Eusebio V. Tan

2019 FINEX President

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Speaker’s Profile

8th General Membership Meeting

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Before joining Comelec, Atty. Larrazabal used to practice

election law, worked in the Office of the President and taught

law subjects in college. He attended a US Department of State

program in International Volunteer Leadership that studied the

electoral systems in Maryland, New York and Massachusetts.

Atty. Larrazabal was also an officer in IBP and Rotary Cebu.

He also previously chaired the Appeals Committee of the

Philippine Football Federation and was the Festival Director of

Terry Larrazabal Bike Festival.

He took his bachelor’s degree in Political Science and Law

from the University of San Carlos Cebu. Goyo is a certified

football and bike enthusiast.

9. On 26 September 2019, the FINEX Media

Affairs Committee will conduct a seminar

entitled “Fake News and Cyber Libel” from

1:00pm-5:00pm at the Tower Club, Philamlife

Tower, Makati City. Speakers are Mr. Victor

Lorenzo, Chief, Cyber Crime Division, of the

NBI, and Atty. Rosemarie King Dominguez.

10. On 2 October 2019, the FINEX Annual

Membership Meeting will be held.

11. On 7 October 2019, the FINEX Academy Board

of Directors will hold a meeting.

12. On 9 October 2019, the FINEX Board of

Directors will hold a meeting.

13. On 10 October 2019, the FINEX Professional

Development Committee will conduct the Year-

End Economic Briefing at the Grand Hyatt Hotel

in Bonifacio Global City in Taguig.

14. On 11 October 2019, the FINEX Annual

Conference, with the theme entitled “Riding on

the Opportunities of the Next Digital Wave”, will

be held at the Grand Hyatt Hotel in the Bonifacio

Global City in Taguig. Speakers will include

Bambang Susantono, Gov. Benjamin E. Diokno,

and Mr. Jose Isidro Camacho, among others.

15. From 24-26 October 2019, the 2019 IAFEI

World Congress will be held in Matera, Italy.

16. On 25 October 2019, the elimination round of the

Inter-Collegiate Finance Competition (the

“ICFC

President’s Corner - continued from page 2

“ICFC”) will be held. The final round of the ICFC

will be held on 22 November 2019 at the Bangko

Sentral ng Pilipinas Auditorium from 8:30am-

5:00pm.

17. On 13 November 2019, a FINEX Board of Directors

meeting will be held.

18. On 20 November 2019, the 13th ING-FINEX CFO

of the Year Awards will be presented at the FINEX

GMM scheduled on that day from 12 noon to

2:00pm.

I urge all FINEX members to actively participate in,

and support, all of our FINEX activities and programs. The

upcoming seminars and talks are very educational and

interesting.

Mabuhay ang FINEX!

After seven years of serving with the Commission on

Elections (Comelec), former Comelec Commissioner

Gregorio “Goyo” Yrastorza Larrazabal is now a private

citizen practicing law at Larrazabal Law Office.

Atty. Larrazabal first served as Comelec’s Provincial

Supervisor and later as Regional Director assigned in different

provinces in Region III, Region V, Region VIII and the

ARMM. He then became President of COMELEC Regional

Election Directors Organization before he was appointed

Comelec’s youngest Commissioner in 2009. Upon

confirmation by the En Banc, he headed the Steering

Committee and was then credited for helping realize the very

first automated elections in the Philippines in May 2010.

He got his bachelor’s degree in Political Science and Law

from the University of San Carlos Cebu. Goyo is a certified

football and bike enthusiast.

Gregorio Y. Larrazabal Former COMELEC Commissioner

7th General Membership Meeting

Ayala President & COO Fernando Zobel de Ayala shared his thoughts in a

keynote address during the 7th General Membership Meeting on July 25, 2019

at Fairmont Hotel saying that Filipinos have massive potential to reap the

benefits of Asia’s rise in the global economy. He emphasized that the

Philippines’ long-term prosperity requires that the private sector adopt a long-

term view, collaborate more closely and engage on a more concerted effort with

government to generate sustainable social and economic impact.

Full text of his presentation and speech are available upon request at the FINEX

Secretariat office.

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Mr. Fernando Zobel de Ayala with the FINEX Board of Directors during the FINEX 7th GMM

Long Term Visioning and Execution Towards a Progressive Philippines

Sherisa Nuesa, George Chua, Fernando Zobel de Ayala, Vivian Chua

and Jose Jerome Pascual III

FINEX President Atty. Eusebio Tan and keynote speaker Mr. Fernando

Zobel de Ayala Sponsoring Good Governance Committee headed by Liaison Director Sherisa

Nuesa with the panel of reactors and moderator

FINEX President Atty. Eusebio Tan during the President’s Time

7th General Membership Meeting

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Alastair Totty, Ysmael Baysa, Sherisa Nuesa, Lofreda del Carmen, Edith

Dychiao, Fernando Zobel de Ayala, Grace Tiongco and Jose Jerome Pascual III

FINEX and JP Morgan Chase (JPMC) Bank officers: Carlos Ma. Mendoza,

Jose Jerome Pascual III, Grace Tiongco, Ysmael Baysa, Atty. Eusebio Tan,

Lofreda del Carmen, Edith Dychiao, Benito Soliven III and Edwin

Fernandez

Induction of New FINEX Members

The newly-inducted members: Hans Sicat, Managing

Director and Country Manager of ING Bank Manila;

Rowena Diapolit, VP Financial Reporting &

Standards of KCFAPI; Neil Hagan, Executive

Director of Pinnacle Real Estate Consulting Services;

Raymund Berja, CFO/CRO of Globe Fintech; Paul

Michael Nugent, Finance Director of Shell

Philippines Exploration; Honorata Paguio, Partner at

Ramon F. Garcia & Company; Angelica Castillo,

Corporate Controller & Investor Relations Manager

of Pilipinas Shell; and Reynaldo Abilo, Chief Audit

Executive/Corporate Assurance & Audit Manager of

Pilipinas Shell.

Open forum panelists CFOs Ysmael Baysa of Jollibee Foods and Jose

Jerome Pascual III of Pilipinas Shell with moderator Hans Sicat, ING

Bank Manila Country Manager

JFINEX students with the FINEX Board Members and Officers, and JPMC Senior

Country Officer Carlos Ma. Mendoza

Women in Finance Committee members Marilou Cristobal, Lilian Yao, Larry

Concepcion, Adele Jaucian, Edith Dychiao, Wilma Miranda, Lofreda del

Carmen, Esther Magleo, Stephanie Zulueta and Sherisa Nuesa

Domingo Go, Ramon Opulencia, Griselda Santos and Stephanie

Zulueta

Featured Article

The FINEX “Ethics: Black or White (or Gray)? book had

taken a long way since it was launched last year by the Ethics

Committee. A second edition was already printed and now,

a Campus Series was organized.

In partnership with the Ateneo Graduate School of Business

(AGSB) through Gov. Jose Fernandez Jr. Ethics Center, the

Ethics Campus Series entitled “Ethics: Black, White (or

Gray)? on DISCLOSURE” successfully kicked off on August

1, 2019 at Ateneo Rockwell. The forum featured leaders of

three of the top business organizations in the country, Mr.

Edgar Chua of Makati Business Club, Ms. Rizalina

Mantaring of Management Association of the Philippines and

FINEX’s very own Atty. Eusebio Tan who shared their

personal and professional insights, experiences and

advocacies in living an ethical life. unethical.”

When the three of them were asked what to do when given

an unethical order by a superior – one boldly answered to

refuse and resign if needed; the other one opted to a more

diplomatic way, explain first why you cannot do it before

leaving when negotiations fail; lastly, take the sleep test –

can you sleep peacefully at night when you do it?

MAP President and Sun Life Foundation Chair Riza

Mantaring said that an ethical company should always

disclose to clients, emphasizing that if we have doubts

whether to disclose or not, we should better disclose. She

further cited different situations that call for proper disclosure

and gave samples of fraudulent companies that are now non-

existent.

MBC Chair and former Country Chairman of Shell

Philippines Ed Chua shared actual scenarios where Shell’s

ethical standards were tested. He added different ways that

Shell took to address such scenarios and finally ending with

an advice of “not give into it because when you do, there’s

no end to it.”

FINEX President and ACCRALAW Counsel Atty. Ebot Tan

presented his ethical case by defining the word ethics and

citing several studies made on business ethics. He highlighted

that “what is legal is usually ethical and what is illegal is

obviously unethical. But the challenge is to decide what to do

in situations that are not clearly good or ethical, or bad or

unethical.”

Ethics nowadays is becoming

gray instead of just being black

or white only. With this in

mind, the Campus Series on

Ethics was organized to guide

us all to clearly distinguish

what is white, what is black and

not fall in the gray area. To

remind everybody to always do

the right thing all the time

especially when no one is

watching.

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Ethics on DISCLOSURE

Forum speakers FINEX President Atty. Eusebio Tan, MBC Chair Edgar

Chua and MAP President Rizalina Mantaring

Coco Alcuaz, Flor Tarriela, Atty. Vincent Edward Festin, Atty. Eusebio Tan,

Edgar Chua, Rizalina Mantaring, Sherisa Nuesa, Zondy Garcia and Oscar

Bulaong Jr.

The TRES MARIAS behind the

FINEX book “Ethics: Black or

White (or Gray)?, - Zondy Garcia,

Sherisa Nuesa and Flor Tarriela

The book features well-known

personalities from the government,

banking sector and private sector.

Featured Article

By: Arleen May S. Guevarra

Member, Arts Committee

The event was organized with the cooperation of the Philam

Foundation, which spearheaded the efforts to have Philam

Life’s important works of art displayed at the National

Museum. These are truly gems, done by local artists, that all

Filipinos could be proud of. So, if you happen to have, say, a

weekend morning to spare, we strongly recommend that you

pay a visit to the National Museum and marvel at the works of

our very own artists… for art’s sake.

The FINEX Foundation Arts

Committee once again held

another interesting event last 27

July 27 when it July when it sponsored a talk by visual artist Phyllis Zaballero

at the National Museum.

walls of the old Philam Life building along U.N. Avenue, and

the wooden sculptures by Jose Alcantara that were last seen

lining the corridors of the Philam Life Theater in the same

building. The murals depicted Filipino themes from nature

(“Manok,” “Kalabaw,” “Isda”) and typical rural scenes

(“Magsasala,” “Pamilya,” “Harana,” “Pagkain”), all

composed in Manansala’s style of transparent cubism. The

sculptures, on the other hand, show the different facets of

Filipino life across our geography, highlighted by important

events in our history. While many people have gone to

concerts, graduations or other events at the then Philam Life

Theater, these sculptures may have not gained a second glance

then as they have now, as they are displayed with enhanced

lighting and prominence in the Philam Halls of the museum.

FINEX members and guests were brought to the world of the

Filipino artist, from the lens of Phyllis, as she shared the

evolution of her works through the years. The audience got a

glimpse of how formal/ informal training, family background

(growing up here or abroad), nature and one’s surroundings,

the socio-cultural milieu of the day, and genuine love for the

craft could influence an artist’s development, as well as the

themes they choose to delve on. Even the visual artist’s choice

of media to work with could be inspired by ordinary everyday

things that we see around us like pebbles, shells, feathers and

old windows, as in the case of Phyllis.

The talk was followed by a private tour in the hallowed halls

of the museum, where we feasted our eyes on the works of our

national artists including Juan Luna, Botong Francisco, and

many others. The highlight, though, was the viewing of the

seven murals by Vicente Manansala that used to adorn the

walls of the old Philam Life building along U.N. Avenue, and

the wooden sculptures by Jose Alcantara that were last seen

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For Art’s Sake

FINEX Foundation Arts Committee Chairman Domeng Go, together with

Philam Foundation President Max Ventura, present the Sansó Art Plate as token

of appreciation to Visual Artist, Phyllis Zaballero. Also in the picture is Arleen

May Guevara, Philam Life Chief Investment Officer.

World-renowned visual artist and painter, Phyllis Zaballero, gives talk to

FINEX members on appreciating visual arts

Attendees pose in front of two murals by Vicente Manansala in the Philam

Life Gallery of the National Musuem

FINEX members pose in front of an artwork in the Osmena Hall of the

National Museum, done by artist Francesco Riccardo Monti and donated by

the Del Rosario family

Ethics Committee

A few years ago, a foreign pharmaceutical company (the

“Company”) acquired rights to a decades old, off-patent drug used

for the treatment of an uncommon kind of parasitic disease.

Immediately after the acquisition, the company jacked up the

price of the drug by more than 5,000%. The move raised the cost

of treatment for some patients to hundreds of thousands of dollars.

This elicited intense public scrutiny, adverse media coverage and

widespread criticism especially from the users of the drug and

even among medical groups. The high-profile company CEO was

vilified and subjected to merciless name calling.

In its defense, the Company initially averred that the disease was

serious and sometimes deadly yet “there have been no

significant advances or research into the disease area in decades.”

The Company added that it hoped to improve the drug’s

formulation and develop new therapeutics. To this, a number of

prominent doctors countered that they were not in need of and

have not been demanding new treatment for the disease. The

question was also raised as to how much of the over 5,000%

increase in the drug price would actually go toward research to

find more effective treatment of the disease. In the midst of the

controversy, the CEO ultimately conceded “I am a capitalist

trying to create a big drug company…” and further stated that “I

could have raised it (the price) higher and made more profits for

our shareholders which is my primary duty.”

ethical breach in the conduct of the company?**

*From time to time, the Ethics Committee will release

highlights of business stories culled from news articles that

appear to pose ethical dilemma. The parties involved will be

kept confidential so as to focus on issues rather than on

personalities.

As to the resolution of “The Case of the Snooping Banker” (our

first Ethical Dilemma article which appeared in the May-June

issue of FINEX Focus and was subsequently email-blasted to

the members), Company B and Parties B and C were cleared

by the authorities.

** We will release updates on the Company and its CEO in our

next Ethical Dilemma article.

The company operated in a

lightly regulated industry

that seems to let drug

makers set their own

prices.

Question: Was there an

ethical breach in the

conduct of the

company?**

** We will release updates

on the Company and its

CEO in our next Ethical

Dilemma article.

Did you know….

That the FINEX Board approved the FINEX Policy and

Procedures for Handling Complaints involving Ethics

(“Complaints Policy and Procedures”) in June 2019?

Key takeaways from the Complaints Policy and Procedures are

the following:

1.

1. FINEX members and employees are expected to fully

comply with the FINEX Code of Ethics.

2. Any bona fide member of FINEX may bring to the Ethics

Committee’s attention through a written complaint any

alleged violation of the FINEX Code by any member.

3. The complaint shall describe specific instance(s) of non-

compliance with or violations of the Code and shall be

submitted together with documents or testimony in support

of the allegations in the complaint.

4. The Complaints Sub-Committee shall determine if there is

prima facie evidence to justify taking cognizance of the complaint and if so, shall advise the Ethics Committee of its

determination to proceed with the conduct of the hearing of

the complaint. The latter shall forthwith advise the Board

accordingly.

5. Should the Board approve the Ethics Committee’s

recommendation, it shall advise the Ethics Committee,

complainant and respondent in writing of its decision.

6. The Complaints Sub-Committee shall complete its

evaluation process by conducting scheduled hearings to

receive supporting testimony or documents from or on

behalf of the complainant and the respondent, prepare a

report and secure the approval of at least the majority of the

members of the Ethics Committee. The Complaints Sub-

Committee shall endeavor to complete the evaluation

process within a period of six months from commencement

thereof. If the Ethics Committee fails to submit its report

and recommendation within such six-month period and the

Board is unwilling to extend the deadline, the latter may

exercise its prerogative to decide on the complaint. Either

way, the Board’s decision is final and executory.

7. The recommendation shall include any of the following:

written reprimand, temporary suspension, termination of

membership or other appropriate penalty.

8. Only a lawful order from a court with competent jurisdiction

can stop or restrain the Board, Ethics Committee and/or

Complaints Sub-Committee from continuing to act on a

complaint.

Please go to the link below for the complete details of FINEX

Policy and Procedures for Handling Complaints:

http://www.finex.org.ph/about-us/code-of-conduct

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Ethical Dilemma*

The Case of the Overpricing Pharmaceutical

FINEX Policy and Procedures for Handling Complaints

Committee News

The FINEX Professional Development Committee, in

partnership with SAP Philippines, held the Power of Data

seminar last July 30, 2019 at Dusit Thani Hotel, Makati City.

Speakers Mr. Gregory Domingo, Adviser to the Board of SM

Investment, discussed the harnessing of data for strategic

advantage while Solutions Advisor for Digital Transformation

of Southeast Asia SAP Philippines Mr. Alain Daniel Amarante

on discovering hidden treasures in algorithm. Lastly, Asian

Institute of Management Academic Program Director Prof.

Erika Fille Legara, PhD, talked about data science, machine

learning and business impact.

The Social Involvement Committee (SIC) in collaboration with

Consuelo “Chito” Madrigal Foundation, Inc. (CCMFI) in line

with its poverty alleviation socio-education interventions, has

conducted alternative learning program for the out of school

youth at the CCMFI’s Learning Center, Payatas-Bagong

Silangan, Quezon City site. The first two years’ experience has

seen most of the program’s “graduates” gainfully employed with

their new learnings and skills gained.

Now, in its third year, the enhanced program consists of about

300 hours covering Basic & Common Competencies,

Fundamentals of Accounting, Excel, Basic Business Finance,

Fundamentals of Entrepreneurship, and exposure to actual

business environment or on-the-job training (OJT). The program

design is a collaborative work headed by volunteer professional,

Ms. Elenita B. Cabrera (former member of Board of

Accountancy, former Finance Department Head of St.

Scholastica’s College, and author of books in Accounting &

Finance), Ms. Corito Bautista (Executive Director of CCMFI)

and Dr. Conchita L. Manabat (SIC member and former FINEX

President). Ms. Cabrera has handled sessions in Accounting and

Finance and she has provided the books, practice set, and

exercises for the topics. The accounting firm of Villaruz and

Villaruz has provided the core of faculty to complement

Ms. Cabrera.

In this year’s program, Ms. Corito Bautista of CCMFI

coordinates the Basic & Common Competencies (Workplace

Communication, Negotiation Skills, Technologies in the

Workplace, Use of Mathematical Concepts and Techniques,

Computer Operations, and Skills and Attitudes in managing own

workload and quality of work), SIC Chair Carmen VF Serina

handles the basics of financial literacy and coordinates

familiarization with bank’s operations while another SIC

member Rosalinda Pasco covers the practical side of

Entrepreneurship.

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Professional Development Committee

The Power of Data

Ronald Goseco, Ador Abrogena, Gema Cheng, Gregory Domingo, Prof. Erika

Fille Legara, Alain Daniel Amarante and Wilson Tan

Social Involvement Committee

Alternative Learning Program for Out-of-School Youths

Ms. Carmen Serina and Ms. Elenita Cabrera with the participants during the

first session for the year on July 13. The sessions are held every Fridays and

Saturdays until October 2019.

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Committee News

As I grow older, the more I realize the

need to take better care of my health

and environment. I used to think that

some people are just having obsessive-

compulsive (OCD) disorder but the

truth is many of these are just being

careful of their health although there

are a few who are extremely OCD. careful of their health although there are a few who are

extremely OCD. Death can come anytime without our knowing

it but taking care of our health will lessen the risk of dying due

to poor habits.

Some few reminders for busy financial executives which I learn

from friends, my readings and my own experiences:

1. When arriving home from work do not sit on your bed

directly with your working clothes on. You had been sitting in

all those chairs and car seats which many had also sat - and with

the pollution in Manila, your clothes is a conglomerate of

bacteria and viruses and dusts, etc.

Some few reminders for busy financial executives which I learn

from friends, my readings and my own experiences:

1. When arriving home from work do not sit on your bed

directly with your working clothes on. You had been sitting in

all those chairs and car seats which many had also sat - and with

the pollution in Manila, your clothes is a conglomerate of

bacteria and viruses and dusts, etc.

2. I always carry with me a food safe sanitizer (alcohol-free - I

usually buy Messy Bessy brand) so before I touch those breads

served before meals in hotels and restaurants or anywhere

outside home - I make sure my hands are clean by using

sanitizers. You can wash with soap and water if it is convenient

- since those hands had been touching door knobs and other

stuff like your cellphones which can carry a lot of germs.

By: Wilma I. Miranda

Chair, Media Affairs

1. When arriving home from work do not sit on your bed

directly with your working clothes on. You had been sitting

in all those chairs and car seats which many had also sat -

and with the pollution in Manila, your clothes is a

conglomerate of bacteria and viruses and dusts, etc.

2. I always carry with me a food safe sanitizer (alcohol-free) so

before I touch those breads served before meals in hotels and

restaurants or anywhere outside home - I make sure my

hands are clean by using sanitizers. You can wash with soap

and water if it is convenient - since those hands had been

touching door knobs and other stuff like your cellphones

which can carry a lot of germs.

3. All of us hate cockroaches and ants in our homes and even

offices. My friends recommended an organic spray (brand

name LOC) which I completely attest to its effectiveness.

Aside from being free from chemicals, it insures us of a

place free from ants and cockroaches.

4. For frequent travelers or flyers, especially long-haul flights

ranging from 10 to 12 hours and above, there was a study

that there is more radiation in the plane when it is flying at

high altitude because of less atmospheric shielding. If

possible, avoid midday flights and choose early morning,

late afternoon or better still night flights because of the

absence of solar radiation.

More to follow next issue....

“The foundation of success in life is good health: that is the substratum fortune; it is also the basis of happiness. A person

cannot accumulate a fortune very well when he is sick.”

– P.T. Barnum

JFINEX Committee

21st Inter-Collegiate Finance Competition

FINEX and JP Morgan Chase (JPMC) Bank sealed the

partnership for the 21st Inter-Collegiate Finance

Competition ICFC when FINEX President Atty.

Eusebio Tan and JPMC Senior Country Officer Carlos

Ma. Mendoza signed the Memorandum of Agreement

last July 25, 2019.

Elimination round is scheduled on October 25, 2019 to

be held simultaneously in Baguio, Pampanga, Cebu,

Bacolod, Davao and Cagayan de Oro. 12 teams will

move to the final round on November 22, 2019 at the

Bangko Sentral ng Pilipinas.

Also in the picture are JFINEX Chair Lofreda del

Carmen and FINEX Director Benito Soliven III.

Health is Wealth

Committee Announcements

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