Google    shc.edu.ph  
JFINEX Joins National Finance Summit 2016

Article/News by: Sherwin I. Diala, Part-Time Faculty
Date Posted: January 22, 2016


The National Finance Summit of the Junior Confederation of Finance Associations – Philippines (JCFAP) held this year’s assembly of finance enthusiasts from over 120 higher educational institutions in the country represented by almost 6,000 participants. The event happened last January 16, 2016 from 8:00 a.m. – 5:00 p.m. at SMX Convention Center with the theme “Traversing the Integration Minefield”. Eight-eight (88) participants, including faculty members, from Sacred Heart College-Lucena City, joined this annual assembly. The officers of SHC-JFINEX chapter who worked hard for the accomplishment of cordians’ participation to JCFAP-sponsored activity once again proved that SHC JFINEX can be included in the roster participants from well-known universities and colleges in the country.

The speaker who discussed a meaningful and a very timely topic was Mr. Luis Juan Oreta who tackled Evolving Role of the CFO, he is the 9th ING-CFO of the year. He is the Chief Finance Officer (CFO) of Manila Water Company, Inc. He is likewise the Chief Finance Officer of Integrated Microelectronics, Inc. and the Managing Director of Ayala Corporation – Strategic Planning Group. He focused his discussion in the different myths about finance and he brought out to the audience his explanations about those myths. First, bean counter. According to him, bean counter is an American term which is about someone who just focused on the numbers without understanding the numbers. Second, tight-wads. Mr. Oreta mentioned that tight-wads were known to Filipinos as kuripot. He added that spending for the right reason is the right attitude. Third, accounting fraud. To him, finance required very high degree of integrity. Fourth, control freaks. There cannot be instances that in finance you do things all by yourself, Mr. Oreta justified. To his conclusions, finance people have also the following myths: finance hate marketing, finance people have an easy job and finance people have no personality. After each myth that he discussed he give justifications and factual information about the real finance-oriented individual.

Another thing that he gave emphasis in his sharing is when he cited an example about a CFO (Chief Finance Officer) who became a successful CEO (Chief Executive Officer), Pepsi Co. (the global one) had an Indian woman who rose from the rank who is from being CFO to becoming CEO. Mr. Oreta suggested that finance students should understand the core competencies in finance. They should focus on financial report, audit, compliance, planning (strategic), treasury, and capital structure. He told the participants about the evolution of the CFO. This covers regulation, globalization (English is the global language of business), technology, risk, finance transformation, stakeholder management, strategy, integrated reporting, talent and capability. In his final words, he discussed the four (4) faces of the CFO: catalyst, steward, operator, and strategist. According to him, the fixed things in business is integrity or moral principles.

Other speakers were: 1. Mr. Peter Wallace who discussed The Philippines, Moving Forward Economics Outlook. He is the founder of the Wallace Business Forum (WBF). For the past 33 years, WBF helps chief executives better understand the operating environment opportunities in the Philippines; 2. Mr. Simon Culhane, who is the Chief Executive of the Chartered Institute for Securities & Investment. He is the Deputy Director of the UK government from 1995-1998 and the Director of the Chairman’s Office, Global Investment Banking at the Deutsche Bank from 1998-2002; 3. Mr. Reynaldo Lugtu, who is the Vice President – Head of IT enabled services group. The Chairman of Information & Communications Technology and Chairman of Media Affairs Sub-Committee of Financial Executives Institute of the Philippines; lastly, 4. Mr. Alexander N. Gilles, CFA, who is the consultant for market education at First Metro Securities, Inc. He is the consultant to the Investment Committee at AFP General Insurance Corp., lecturer at the Philippine Stock Exchange (PSE) Academy, lecturer at the Bankers Institute of the Philippines (BAIPHIL), faculty member at the De la Salle University, Manila from 1999-2007 (MBA subjects), and faculty member of the University of Asia & the Pacific from 2000-2007 (finance for entrepreneurs). He obtained his Masters of Applied Business Economics at the University of Asia and the Pacific last 2002 and his Bachelor of Arts in Communication at UP Diliman in 1983 as cum laude.

One highlight of the event which participating Cordians were amazed at was when the JCFAP Adviser, Mr. Alexander N. Gilles, CFA requested SHC BSBA-4 Management Accounting students Lyrel Morato, Krishna Coronado and Joan Dionela, proponents of Mia Zorelle (feasibility study in SHC), to give testimony regarding their experiences which they had presented and becoming included in the Top 10 out of 55 entries in the Esquire Financing Inc., at Asian Institute of Management last December 5, 2015. The SHC business model presenters were accompanied by SHC BSBA Dean Arnel L. Cadeliña at the stage and mentioned the challenge to the 6,000 participants about pursuing their interest and be determined in their dreams.

The participation of JFINEX Cordians in this year’s National Finance Summit was another great opportunity for them and they were indebted to the SHC administration, SHC President - Sr. Josefina R. Quiachon, DC, BSBA Dean – Arnel L. Cadeliña and HED SDO Director - Dr. Luzviminda G. Calzado.









More News from SHC...

More News
Article/News by: Babe Aubrey B. Gabule, MICB and Jesselynne P. Lacerna
Date Posted: October 13, 2017
 
Article/News by: Babe Aubrey B. Gabule, MICB
Date Posted: October 11, 2017
 
Article/News by: Rea Landoy
Date Posted: October 10, 2017
 
Article/News by: Jezza Manuelle Zoleta, Sheena Mae Hicayo, Ma. Luz Florence Uy, Baljinder Dhillon and Alvin Borromeo Jr.
Date Posted: October 10, 2017
 
Article/News by: Denzel Avery G. Villaflores, Rosecarlisle Gildore Imperial, Rea Landoy, Frensy Ritz Barretto,Ericka H.Pascual, Sheena Mae Hicayo, Angie Agayon, Donna Tan,Prudenz Yleizer Lorredo andCedrick Sy
Date Posted: October 09, 2017
 
Article/News by: Cedrick P. Sy
Date Posted: October 4, 2017
 
Article/News by: Lemuel Harvey C. Reynoso
Date Posted: October 2, 2017
 
Article/News by: Jane Clarice Sardona, ABComm 3
Date Posted: September 23, 2017
 
Article/News by: Marian E. De Ramos (ABComm IV)
Date Posted: September 20, 2017
 
Article/News by: Avigail C. Daco
Date Posted: September 18, 2017
 
Article/News by: Diosa Rhose D. Madrid
Date Posted: September 15, 2017
 
Article/News by: Babe Aubrey B. Gabule, MICB
Date Posted: August 30, 2017
 
Article/News by: Liza May C. Anilao (CAS/ArtSoc)
Date Posted: August 24, 2017
 
Article/News by: Ckiana Oprah G. Calaycay
Date Posted: August 09, 2017
 
Article/News by: Eduard D. Mancilla
Date Posted: August 03, 2017
 
Article/News by: Babe Aubrey B. Gabule, MICB
Date Posted: August 02, 2017
 
Article/News by: Rolando B. Abrigo III and Meredith Minano Dango, RSW ( Program Implementor for SCA)
Date Posted: August 02, 2017
 
Article/News by: Clarisse Anne Sebuja and Eduard Mancilla
Date Posted: July 26, 2017
 
Article/News by: Cedrick Sy
Date Posted: July 24, 2017
 
Article/News by: Jezza Manuelle B. Zoleta & Alvin G. Borromeo Jr.
Date Posted: July 17, 2017
 
Article/News by: Babe Aubrey B. Gabule
Date Posted: July 13, 2017
 
Article/News by: Nicole Mangahas
Date Posted:June 8, 2017
 
Article/News by: Blodymer Dalde, JFINEX President
Date Posted:June 6, 2017
 
Article/News by: Frensy Ritz R. Barretto and Blodymer Dalde
Date Posted: April 11, 2017
 
Article/News by: Rossela Charisma G, Remo & Dr. Maria Zorayda A. Torres
Date Posted: March 18, 2017
 
Article/News by: Babe Aubrey B. Gabule
Photo by: Kerby M. Abad and Lawrence Y. Piguerra
Date Posted: March 17, 2017
 
Article/News by: Jezza Manuelle B. Zoleta and Joanne R. Obciana
Photo By: Jezza Manuelle B. Zoleta and Joanne R. Obciana
Date Posted: March 17, 2017
 
Article/News by: Sr. Nenita Divina F. Pateña, DC
Date Posted: March 14, 2017
 
Article/News by: Aracel D. Quevada
Date Posted: March 8, 2017
 
Article/News by: Joana Marie Ligaya, ABComm 2
Date Posted: February 21, 2017
 
Article/News by: Yvonne Hitty Mier
Date Posted: February 13, 2017
 
Article/News by: Carren Marie R. Nacorda
Date Posted: February 10, 2017
 
Article/News by: Arraleen V. Abellanosa
Date Posted: February 9, 2017
 
Article/News by: Rochelle M. Delos Santos, Haidee E. Gargantos, Diosa Rhose Madrid (Photos by: Haidee Gargantos)
Date Posted: February 8, 2017
 
Article/News by: Donnabelle T. Peñalosa
Date Posted: January 24, 2017
 
Article/News by: Agatha Brenica Ilagan
Date Posted: January 16, 2017
 
Article/News by: Liza May Anilao
Date Posted: January 10, 2017
 
Article/News by: Aimee De Torres
Date Posted: December 15, 2016
 


SACRED HEART COLLEGE
1 Merchan Street, Lucena City, PHILIPPINES
Tel. #: (042)710-2505, 7103888, Fax #: (042)373-424
E-mail Address: shc@shc.edu.ph
© All Rights Reserved