Moving forward: Doing the right things right! 1

The E-Blast Newsletter of the Junior FINEX and Business Education Committees of FINEX

Volume 1 • Issue 5 • October 29, 2010

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The 12th Edition of the FINEX- Citibank Inter-Collegiate Finance Competition has yielded many interesting firsts in its history.

In an epic down-the-wire finish, UP Iloilo smashed the monopoly dominated by the Big 3 in the National Capital Region - UP Diliman, Ateneo de Manila and De La Salle University - Manila, who among them have won all the previous 11 championships.

Despite the rains outside, the competition flourished inside the Auditorium generously provided by the Bangko Sentral ng Pilipinas. Twenty one teams battled it out to determine the top finance education school in the Philippines.

In the end, the University of the Philippines System produced a rare 1-2 finish with UP Iloilo finishing first and UP Diliman finishing second. De la Salle University put a big run in the early stages and was in contention up to the last 3 questions of the competition.

UP Iloilo smashes 11 year NCR monopoly

The only foreign contingent, National University of Singapore, also was in contention up to the 4th to the last question.

ICFC salutes the Singaporean team from the National University of Singapore (NUS). Incidentally, the Singaporean team was composed of a Thai, Mr. Supawat Poothanapibul, a Filipina, Stacey Janine Chong and a Vietnamese, Ms. Tran Nguoc Van. They demonstrate the polycultural nature and the regional drawing power of an educational powerhouse like the National University of Singapore.

NUS finished in the 6th place with Ateneo de Manila University.

The results of the 12th ICFC proved that regional participants, particularly from the Visayas are every bit as competitive as their NCR counterparts in finance education.

by Edwin V. Fernandez

It’s all over but the cel-ebrations. U P - I l o i l o did great and de-

served the top slot for the ICFC.

I am particularly proud that this year our FINEX-Citi Ra-fael B. Buenaventura Out-standing Finance Educator also came from the Visayas, Bohol to be exact.

These tell us that talent and intelligence abound in the nooks and crannies of the archipelago and that FINEX should try to coax them out of their shells to garner the recognition they all so richly deserve.

My congratulations and thanks go to Citibank for their continued support, the organizers, judges, vol-unteers, partners and other sponsors, the secretariat and of course all the coaches and students who participated.

Message from the Presidentby Greg Navarro, FINEX Institute President

Moving forward: Doing the right things right! 2

UP Iloilosmashes 11 year NCR monopoly(From previous page)

The University of San Carlos (Cebu) led all schools in topping the elimination round and finished in the Top 10 of the Finals.

The finance education programs of Mindanao-based schools and universities appear needing to be propped up and upgraded - a job for the FINEX Business Education Committee.

Even Xavier University, Ateneo de Davao and the Mindanao State University- Iligan Institute of Technology failed to break past the eliminations.

Notwithstanding, it is satisfying to note that of the top 10 finishers in the finals, 4 regional competitors did well: UP Iloilo at top 1, University of San Carlos at top 4, University of Baguio at top 7 and Silliman University at top 8.

The ICFC is already looking forward to a more exciting 13th edition.

The final of the 12th ICFC held last October 18 in the Bangko Sentral ng Pilipinas probably presented one of the most fiercely contested competitions in the history of the ICFC.

It was eventually won by UP Iloilo in a see-saw battle with its sister school, UP Diliman, De la Salle Manila, University of San Carlos and a hard charging and diesel-type late accelerating Far Eastern University (true to its moniker Tamaraws). The race went down the wire that kept everyone, the judges, the FINEX members, the school supporters and even the Bangko Sentral officials glued to their seats.

Leading up to this final, the crowd favorite was University of San Carlos, a school based in Cebu City. Its team quite literally blew away the competition during the eliminations at the Asian Institute of Management in September.

JFINEX members recall that this is the 2nd time that a provincial school topped the eliminations in the 12-year history of the ICFC.

JFINEX members who supervised the NCR eliminations at AIM were thinking that this would be another year of the BIG THREE (Ateneo, last year’s champion, UP Diliman and La Salle Manila).

But we got the surprise of our lives

12th ICFC most competitive ever

when out of left field, during the regular updates from the provinces between the rounds, the lead was firmly taken by University of San Carlos, eclipsing the oligopoly of the big three.

My speech during the finals before the start and a quick talk sometime in the 2nd round could have been ominous.

In my welcome remarks, I said there are 2 things they must always possess, even after the ICFC, and these are a forever competitive spirit and an attitude for networking.

In the middle of the finals I said that this year’s ICFC has turned out to be one of the most competitive as it has seen a provincial school top the eliminations. With the top 7 teams including then UP Iloilo, University of San Carlos, La Salle Dasmarinas, UP Baguio, I said that the big three should have their hands full of competition and had better watch their back as the other schools are breathing down their necks.

I addressed Ateneo, La Salle Manila and UP Diliman that they should not get complacent as these schools were serious in getting the crown away from them.

And they did. With this, history is rewritten and a new legacy has been started.

by Vic Sarza, JFINEX Committee Chairman

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12th ICFC RankingOctober 18, 2010, BSP, Manila

School Name Score Rank

University of the Philippines- Iloilo 620 1

University of the Philippines - Diliman 600 2

De La Salle University - Manila 600 3

University of San Carlos 560 4

Far Eastern University - Manila 540 5

Ateneo de Manila University 520 6

National University of Singapore 520 6

University of Baguio 500 7

Silliman University 460 8

University of Santo Tomas 460 8

Central Philippine University 440 9

Colegio De San Agustin - Bacolod 400 10

Technological Institute of the Philippines - Manila 400 10

University of San Jose Recoletos 400 10

University of the Visayas 400 10

De La Salle - Dasmarinas 380 11

Angeles University Foundation 320 12

Pamantasan ng Cabuyao 320 12

University of Mindanao Tagum College 320 12

University of Southern Philippines Foundation 300 13

University of the East - Manila 240 14

Thinkable quotes“Whenever you’re in conflict with someone, there is one factor that can make the difference between damaging your relationship and deepening it. That factor is attitude.” William James

“The will to win, the desire to succeed, the urge to reach your full potential... these are the keys that will unlock the door to personal excellence.” Confucius

“The supreme excellence is not to win a hundred victories in a hundred battles. The supreme excellence is to subdue the armies of your enemies without even having to fight them.” Lao Tzu

“For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.” Sun Tzu

- Initially tied at 2nd place - Initially tied at 10th place for the Citibank Junior Bankers Conference

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Top 6 teams of the 12th ICFC

UP Iloilo - 1st Place UP Diliman - 2nd Place

Far Eastern University Manila - 5th Place Ateneo de Manila University - 6th Place

De La Salle University Manila - 3rd Place University of San Carlos - 4th Place

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12th ICFC Pictures

University of the Visayas

Silliman University

Pamantasan ng Cabuyao

University of San Jose Recolletos

Judges

National University of Singapore - 6th Place

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12th ICFC Pictures

Tony Boy Ongsiako Rene Leveriza

Jean d’Orival, Grace Tiongco, Greg Navarro

Vic Sarza with Edwin Fernandez

Finex Members

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www.multi-linegroup.comCourtesy of

JFINEX Committee Chairman Vicente Julian Sarza

Committee Liason DirectorAntonio Ramon Ongsiako

Assisted by Junior FINEX Committee Staff Diane Camille Reyes

FINEX Institute President Greg Navarro

FINEX Foundation ChairmanRoberto T. Borromeo

Editor-In-ChiefAurelio O. Angeles

Financial Executives Institutes of the Philippines • FINEX Research and Development Foundation, Inc.Unit 1901, 139 Corporate Center, Valero St., Salcedo Village, Makati City. Tel. (632) 811-4188/4052, Fax. (632) 811-4185

Email comments to: aoangeles@multi-linegroup.com

Business Education Committee Chairman Renato Leveriza, Jr.

Committee Liaison TrusteeFrank Ysaac

Assisted by Business Education Committee StaffCherry Basilio

Editorial Board

We often read about good and negative attitudes.

We know good attitude in-spires and negative attitude is a turn-off.

When consistently prac-ticed, good attitude leads to good character and negative attitude to bad character.

What makes a poor student convert his poverty into an opportunity for topping his class and excelling in school?

What makes a man of lit-tle means strive to become an entrepreneur and turn around his deprivation into an engine for growth?

Attitude, character and skills

Yes, good attitude and char-acter.

And yet good attitude is not taught in school.

We are left in school to stum-ble on negative attitude and to rise on positive attitude without knowing what they are.

Some learn about good at-titude from trial and error. Many learn about it past the age of college. Still others never learn about it until it is too late.

People are encouraged to become entrepreneurs by teaching them technical skills,

by Aurelio O. Angeles, Editor-In-Chief

profit and loss statements and bank lending proce-dures.

Teach a person the attitude and character of a successful entrepreneur and the skills and technology required of a successful entrepreneur follow.

Skills, technology and intel-ligence are important. But even more important are good attitude and character.

Isn’t it about time we know precisely what makes atti-tude good or bad and what attitude turns people into winners?

Thinkable quotes“For it was not into my ear you whispered, but into my heart. It was not my lips you kissed, but my soul.” Judy Garland

“Coaches who can outline plays on a black board are a dime a dozen. The ones who win get inside their player and motivate.” Vince Lombardi

“Excellence is not a singular act, but a habit. You are what you repeatedly do.” Shaquille ONeal