Showing posts with label Positive. Show all posts
Showing posts with label Positive. Show all posts
Tuesday, November 20, 2012
THE PHILIPPINES - WHO WE ARE
ORIGINAL ARTICLE
THE PHILIPPINES - WHO WE ARE
http://itsmorefuninthephilippines.com/philipines-who-we-are/
Wherever you choose to go in the Philippines, it’s the Filipinos that will make your Holiday unforgettable. Lonely Planet calls us, ‘among the most ebullient and easy going people anywhere.’
Don’t be shy about coming up to a Filipino and starting a conversation.
We’re not just fun, we’re officially friendly too.
Forbes.com ranked us the Friendliest Country in Asia – Eight in the world!
Filipinos are pre-dominantly of Malay stock with a sprinkling of Chinese, Spanish, American and Arab blood. More than 100 cultural minority groups are scattered throughout the country.
Roman Catholicism is practiced by approximately 83% of the population. The rest of the religions are mostly Christian. There are Muslims and Buddhists too.
LANGUAGE
We have two official languages – Filipino and English.
Filipino is based on Tagalog, the predominant dialect from the Luzon mainland, and is used nationally to communicate among the ethnic groups. There are seven (7) other widely used languages: Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicolano, Waray, Pampango, and Pangasinense. Apart from these, there are more than 176 local dialects!
Like any living language, Filipino is in a process of development through loans from Philippine or foreign languages, as well as from inventions among different sub-cultures (ask someone about “becky speak” or “gay lingo”).
Thanks to the American Period, American English was and continues to be taught in schools. Filipinos get a healthy amount of Hollywood movies and American TV shows too. So if you speak English, feel free to ask for directions or strike up a conversation. If the Filipino you spoke to can’t speak English, he’ll happily pull in someone who does.
CULTURE
You’ll soon discover our love for color. You’ll see it in jeepneys, tricycles, bancas, and even our fiestas. While you’re here, you’re bound to see one – because they happen almost every day. There are a ton of festivals like the Masskara festival in Bacolod, the Pahiyas in Quezon, Sinulog in Cebu, Kadayawan in Davao and Panagbenga in Baguio.
Metro Manila is the center for entertainment and cultural activities. International acts are always flying in, while local acts are always on stage.
Visit museums in Metro Manila and other parts of the country to get a glimpse of Philippine history and culture.
At art galleries – in up-market neighborhoods, malls, urban hang-outs or heritage streets – you can feel the creative pulse of the country from leading and promising visual artists.
Check local event magazines given out free at restaurants, as well as online city guides, for the latest of these events, plus film festivals, dance parties, weekend classes, pop-up shopping venues and other fun things to do!
Check these sites for the latest events:
http://www.culturalcenter.gov.ph
http://www.manilaconcertscene.blogspot.com
http://www.ticketworld.com.ph
http://www.ticketnet.com.ph/2006/index.php
http://clickthecity.com.ph
http://spot.ph
FOOD
Food is a huge part of Filipino culture—in fact, the local word for ‘Hello,’ is ‘Have you eaten?’ And though little-known, you’ll find our cuisine as beautiful and surprising as the country. Esquire UK described dinner in Manila as a ‘growing flirtation that was turning into true love’.
Filipino food is an exotic, tasteful fusion of Oriental, European, and American culinary influences with a wide variety of fresh seafood and delectable fruits. These influences have been adapted to local ingredients and the Filipino palate to create distinctly Filipino dishes.
Take “Kare-Kare” — what started as a Filipino take on curry. Instead of curry paste, some ancient, resourceful cook ground peanuts to make a thick stew, then paired it with “bagoong” (fish paste). The dish now is so far from its inspiration, but has become its own kind of good.
BRIEF HISTORY
Long ago, these islands were home to Indo-Malays and Chinese merchants. Then in 1521, Spanish explorers led by Portuguese Ferdinand Magellan discovered them. They named the archipelago “Felipinas” after Spain’s Philip II, and introduced Christianity to the people.
The explorers saw the islands’ potential for commerce, with Manila and Cebu as strategic trading ports. They established the seat of government in Cebu, later moving it to Manila in 1571. The islands were a colony of Spain from the 16th to the 19th century, for a total of 333 years.
The Filipinos waged Asia’s first nationalist revolution in 1896. On June 12, 1898, they won their independence from Spain.
After the Spaniards left, the Americans came, introducing their educational and legal systems, as well as their democratic form of government. They ruled for 48 years until World War II broke out in 1941.
Japanese troops invaded the country on December 8, 1941 and stayed for four years. The US forces returned to liberate the Filipinos and finally recognized Philippine independence on July 4, 1946.
Saturday, November 17, 2012
PHILIPPINES - WHATS IT LIKE
ORIGINAL MATERIAL
http://itsmorefuninthephilippines.com/philippines-whats-it-like/
ENVIRONMENT
Every so often, you might come across an article about a new species of owl, fish or even lizard that’s just been discovered in the Philippines. Our islands are hotbeds of life, with approximately 12,000 plant species, 1,100 land vertebrate species and at least 400 coral species. And more are being discovered as you read this!
We’re just shy of being 2,000 kilometers long from the tip of Luzon to the toe of Mindanao, but we are host to a lot of mosts. The island with the most volcanoes per square kilometer. The most mangrove species in the world. The most bio-diverse reef system.
We have extensive mountain ranges to hike through, underwater landscapes to dive in, flat plains to drive across, cave systems to explore, waterfalls, rock faces, rivers, lakes – and, of course, much more.
CLIMATE
If you want the bright & sunny, tropical glory of the Philippines, plan your trip between the summer months of March and May. It will be hot and dry, but that’s what beaches, sunblock and straw hats are for!
Want things a little bit cooler? Then November to February are best for you.
We’d say avoid the rainy season from June to October, but a good traveler knows that off-peak season means lower rates in airfares, hotels, resorts — and maybe the beer too. Just be forewarned that the months between July and September are characterized by typhoons.
Some parts of the country such as Cebu and Davao, are warm and comfortable in all seasons and can be visited throughout the year.
For up-to-date weather information, visit the Philippine Atmospheric, Geophysical and Astronomical Services Adminstration (PAGASA) website: www.pagasa.dost.gov.ph or call the PAGASA 24-hour hotline (632) 4338526.
WHAT TO WEAR
Welcome to Island life! All you’ll need are light, casual clothes.
Typical outfit for the mall or sightseeing outdoors: Shorts, flip-flops & a shirt.
Typical outfit for watching movies or going to churches or museums: Jeans/pants, a shirt, closed shoes.
For formal occasions, men are encouraged to wear the Philippine barong tagalog. Quentin Tarantino and Jeremy Renner have! But dinner jackets and ties will still do. For women, a more traditional look would incorporate butterfly sleeves a la Imelda Marcos. But cocktail dresses or long gowns are accepted and more contemporary.
A lot of establishments refuse entry to people in slippers or “sando” (men’s undershirts).
Bring warming clothes if you’re traveling to the mountain regions. Quick-dry ones if you’re hitting the water or the beach.
Good to have: Mosquito repellent or long-sleeved tops against bites. And of course, sunscreen against sun burns!
COMMUNICATIONS AND MEDIA
Welcome to the Global capital for SMS and social media. Here, keeping in touch is definitely not a problem.
Mobile phone sites are all over the country. We have 2 major mobile connectivity providers (Globe and Smart), plus three to four secondary ones. It’s fairly easy to pick up a new pre-paid SIM card and start texting or calling away. Top-ups are widely available from most anywhere, usually in places with signs saying “LOAD DITO” (top-up here). “Load” is the common term for mobile connectivity credit.
Internet & email services are widely available through most establishments, with more and more offering them for free. Free Wireless Fidelity (WIFI), in particular, is gaining popularity in commercial establishments, especially in Metro Manila and other cities. Just look for the Free WiFi sign on the door.
With a 3G+ network available, your own mobile phone can hook you into the web. Or you could do as most locals do and duck into an internet café. These are to be found in all shapes and sizes all over the country.
Of course, the country is wired with international and national direct dial phone and facsimile service. You can access them in malls, restaurants, hotels, internet cafés, business centers, PLDT, Globetel or Bayan offices.
Aside from the postal system, worldwide express delivery service is available. LBC, FedEx, DHL, 2Go, are just some of the active couriers.
Majority of national dailies are in English. You’ll find foreign publications at major hotels, malls and bookstores in Metro Manila and key cities.
DINING
Thanks to the Filipino love of food, visitors won’t run out of options for their meals. You get a buffet of options – first class restaurants with world-class chefs, world cuisine, family-style dining places, simple grilleries, “carinderias”, cafeterias and food court stalls. “Halal’ and kosher food are available.
Healthful, natural and organic food products have also increased considerably. As a result, major supermarkets including selected dining establishments now carry a wide array of organically-grown fruits, vegetables, condiments, and grains to cater to the health-conscious.
NIGHTLIFE
Whether you’re in a party-packed street or shoreline, refreshments here are served almost everywhere. DJs come from all over the world to party with us. And it’s probably because of our sunny weather and good nature that we know how to have a good time. Challenge a local to some karaoke and you’ll be singing till sunrise!
Manila’s nightlife is one of the most vibrant in Asia. Get a taste of it at the different hotspots around the metro: Malate, Manila; Greenbelt, Glorietta, and Rockwell Center, Makati City; The Fort at Bonifacio Global City, Taguig City; Resorts World Manila, Pasay City; Timog and Tomas Morato Avenues, and Eastwood in Libis, Quezon City; Ortigas Center, Pasig City.
Clubs, bars, music lounges, pubs and sing-along bars feature Filipino bands and singers known for their exceptional musical talents. De luxe hotels offer a variety of live musical entertainment. And there’s always a concert or stage play to score tickets to.
GAMING
For visitors who want to try their luck at the gaming tables, there are the large casino complexes at the Bay area or near NAIA Terminal 3. Apart from Metro Manila, you can try your luck in the cities of Angeles, Olongapo, Tagaytay, Cebu, Davao, Bacolod, and Laoag.
SHOPPING
Filipinos, you’ll find, are crazy about shopping. In fact, every capital of the country has a shopping center. So whether you find yourself in the city, in the middle of a beautiful island resort, or even relaxing in an outrigger boat, you can always go for some casual retail therapy.
If you’re a professional shopper though, willing to spend whole days of “finding something to buy”, our malls are sure to keep you occupied. Try SM Mall of Asia or SM North, two of the biggest in the world.
For the more adventurous, try the Divisoria area and its 168 mall. This area is the backbone of Manila’s buy & sell trade — blocks and blocks of no-frills bargain-shopping. You will definitely find it hard to leave empty-handed.
If you enjoy the bargain-hunting but would like to avoid the heat, try Greenhills shopping center in Mandaluyong City or Market Market mall in Taguig City.
WHAT TO BUY
There’s an exciting selection of great buys in a country known for export-quality items at reasonable prices: South Sea pearls, hand-woven cloths, embroidered fineries, terracotta and porcelain, coral and mother-of-pearl accessories. Pineapple fiber, prehistoric jars, native handicrafts, and handmade footwear are interesting items, too.
The Philippines also produces fine furniture, basketry, exquisitely crafted jewelry, and gift items made of shell, wood, and stone.
Shop for handicrafts, antiques and souvenirs in Manila’s Quiapo district: ilalim ng tulay (literally, “under the bridge”). The Ermita and Malate districts in Manila, Tiendesitas in Pasig City. Market Market in Taguig, The Kultura shop in SM malls, and most department stores also stock up on a wide selection of excellent, local handicrafts and souvenirs.
Of course, don’t forget to check out the souvenir center or central dry market of the particular province or town you’re in. Every region has its own particular craft, material or delicacy. And some, like our dried mangoes, are deservedly world-famous.
For a start, you can browse some of our products at http://otopphilippines.org
MEDICAL FACILITIES
Hospitals and clinics in the country are manned by highly skilled and competent doctors, nurses and health care workers, typically in demand all over the world. Together with modern equipment found in the best city hospitals, the Filipino brand of caring and compassion makes sure you’re well taken care of.
The country boasts of a wide variety of medical healthcare groups to choose from. There are private as well as government-run medical facilities, hospitals and clinics. Most hotels and resorts have medical assistance protocols ready. Towns and cities have health centers that provide emergency medical attention.
CONVENTION FACILITIES
As a pioneer convention city in Asia, Manila has hosted its share of prestigious international events. The Philippine International Convention Center (PICC), the country’s convention showpiece, was built to accommodate 4,000 delegates in the Plenary Hall and 5,700 persons in the Reception Hall.
Other venues of varying sizes and facility grades can be found throughout Metro Manila, like the World Trade Center or the SMX Convention Center.
While Subic Bay, Cebu City, Davao City and Baguio City – with their own convention centers and large hotels – also regularly host large delegations.
For more information regarding holding a convention in the Philippines, email the Tourism Promotions Board through cit@dotpcvc.gov.ph.
Friday, November 16, 2012
ITS MORE FUN IN THE PHILIPPINES
FINALLY....
Our Tourism Department
FINALLY GOT IT RIGHT!!!
SOURCE MATERIAL:
THE PHILIPPINE DEPARTMENT OF TOURISM
OFFICIAL WEBSITE
http://itsmorefuninthephilippines.com
http://itsmorefuninthephilippines.com/philippines-where-is-it/
http://frostwhisper2012.blogspot.com/2012/11/its-more-fun-in-philippines.html
OFFICIAL AVP
http://www.youtube.com/watch?v=ADNgEHFDYzo&feature=youtu.be
The PHILIPPINES is an archipelago bounded by
the Pacific Ocean to the east
the Bashi Channel to the north
the Sulu and the Celebes Seas to the south.
You can find us East of Vietnam, North of Indonesia.
The country is divided into the geographical areas of Luzon, Visayas and Mindanao. Its capital, the City of Manila, is in Luzon. You can also enter through the cities of Cebu in the Visayas, and Davao in Mindanao.
WELCOME TO OUR ISLES
We are made up of 7,107 islands. Some have grown into cities. Some are the epitome of tropical dreams. Some are just long enough to lay down on and get a tan.
Big. Small. Sandy. Sunny. Relaxing. Exotic. Beautiful.
Our little clutch of islands make for one long stretch of beach – more than 15,500 kilometers. Here, no one is more than two hours away from a beach-side lounge chair — which explains
WHY EVERYBODY KNOWS HOW TO SMILE
AND HAVE FUN
Our Tourism Department
FINALLY GOT IT RIGHT!!!
SOURCE MATERIAL:
THE PHILIPPINE DEPARTMENT OF TOURISM
OFFICIAL WEBSITE
http://itsmorefuninthephilippines.com
http://itsmorefuninthephilippines.com/philippines-where-is-it/
http://frostwhisper2012.blogspot.com/2012/11/its-more-fun-in-philippines.html
OFFICIAL AVP
http://www.youtube.com/watch?v=ADNgEHFDYzo&feature=youtu.be
WHERE IS IT
The PHILIPPINES is an archipelago bounded by
the Pacific Ocean to the east
the Bashi Channel to the north
the Sulu and the Celebes Seas to the south.
You can find us East of Vietnam, North of Indonesia.
The country is divided into the geographical areas of Luzon, Visayas and Mindanao. Its capital, the City of Manila, is in Luzon. You can also enter through the cities of Cebu in the Visayas, and Davao in Mindanao.
WELCOME TO OUR ISLES
We are made up of 7,107 islands. Some have grown into cities. Some are the epitome of tropical dreams. Some are just long enough to lay down on and get a tan.
Big. Small. Sandy. Sunny. Relaxing. Exotic. Beautiful.
Our little clutch of islands make for one long stretch of beach – more than 15,500 kilometers. Here, no one is more than two hours away from a beach-side lounge chair — which explains
WHY EVERYBODY KNOWS HOW TO SMILE
AND HAVE FUN
FAST FACTS
-
CapitalCity of Manila
-
Land Area300,780 square kilometers
-
Population96 Million
-
Average Temperature78 degrees F/25 degrees C.
-
Average Humidity77%
-
CurrencyPhilippine Peso (PHP)
-
GovernmentDemocratic Republic
-
Head Of StatePresident
-
ReligionPredominantly Catholic. Muslim, Christian, Buddhist.
-
Electricity220 volts, A.C. 60 cycles. Though most hotels have 110-volt outlets.
-
WaterMetropolitan Manila and many key cities and towns have ample supply of water. Bottled water is recommended for drinking purposes and is available pretty much anywhere.
Sunday, November 11, 2012
CANADA TO FURTHER INVEST IN THE PHILIPPINES
CANADA TO FURTHER INVEST IN THE PHILIPPINES
ORIGINAL ARTICLEhttp://www.philstar.com/headlines/2012/11/11/865314/canada-further-invest-phl
MANILA, Philippines - Canadian Prime Minister Stephen Harper said his government would “make further investments” in the Philippines over the next three years with focus “on sustainable economic growth.”
Harper met with President Aquino and other government officials at Malacañang after he was given arrival honors yesterday. He said Canadian investments would come with assistance from the Asian Development Bank.
“These funds will help create new opportunities across the Philippines. The government of Canada has also approved the grant to the United Nations Entity for Gender Equality and the Empowerment of Women. These funds will be used to help improve the rights of women and girls throughout Southeast Asia,” he said.
Harper is the highest-ranking Canadian official to visit the country in 15 years, after former Canadian Prime Minister Jean Chretien, who came in 1997. Harper said Canada and the Philippines share a long-term commitment to economic growth and prosperity of its citizens.
The Canadian leader also described the Philippines as “an emerging Asian tiger.”
“Our government is taking actions to aggressively expand commercial relations with the entire Asia Pacific region. We’re doing so to help create jobs, economic growth and a better quality of life both in Asia and in Canada,” he said.
“That’s why I’m pleased to see that the many ties that bind Canada and the Philippines are strengthening. In 1985, our countries signed a Foreign Investment Promotion Protection Agreement. The Philippines has thus become an important economic partner for Canada. In 2011, bilateral trade reached nearly $1.5 billion. Our hope is to build on this strong and expanding commercial relationship,” he said.
Harper said the Philippines and the entire Asian region are “very crucial” to the long-term plans of his country. He said his predecessor, John Diefenbaker, noted that the future of mankind “may depend largely” on the prosperity and economic development of Asia.
Aquino said the visit of Harper was significant and a recognition of the change of atmosphere in the country.
“We keep saying that the Philippines is open for business under new management…We see increased commercial trade ties between our countries. Things that hindered the development of those ties in the past, under new management it will cease to exist,” Aquino said.
“Therefore, it is but logical to assume that the $1.5 billion two-way trade between our countries is just the starting point. And we are very optimistic of growth not only in the more people-to-people ties, but more importantly, perhaps, in trade and business opportunities that will redound to the benefits of both our people, and perhaps, give the opportunities for advancement here in our shores rather than outside. Canada helps us in this aspect,” he said.
Tuesday, November 6, 2012
THE LIFE STORY OF MVP
THE LIFE STORY OF MVP
ORIGINAL ARTICLE
http://www.millionaireacts.com/569/manny-pangilinans-success-story.html
I would start featuring success stories of famous entrepreneurs and leaders to serve as inspiration to others. Today, I will feature the life story of the highest paid Philippine Chief Executive Officer Manny V. Pangilinan, the CEO of the most profitable company and the largest company by market value – Philippine Long Distance and Telephone Company or PLDT, the Philippines' pioneer in telecommunications.
His life story came from his speech during the Ateneo Graduation last 2006 where he himself studied. During his speech, he narrated his own rags to riches story in three journeys from being a student to eventually becoming a corporate magnate. Let’s learn from him and be inspired.
OPENING
| Manny V. Pangilinan |
First Part Of The Journey: A Student
The first part of my journey begins with my family. My lolo (grandfather) started as a public school teacher in Pampanga and Tarlac, rising through the ranks to become superintendent of public schools and, eventually, secretary of education. My dad began his career as a messenger at Philippine National Bank, and retired as president of Traders Royal Bank, one of the larger banks in the ’80s. During my elementary years, I had ten centavos to buy a bottle of Coke, five centavos for crackers, another ten centavos to take the bus home from San Beda in Mendiola, which I made sure I wouldn’t lose, otherwise I would have walked home. In college, my weekly allowance at the Ateneo was P10, and that included my jeepney fares. I have a lot of classmates who have cars and others even have their own drivers. They were lucky. Someday, I said to myself, I will reach all those. My scholarships in both San Beda and Ateneo were only my lucky charms.
In late 1965, as my own graduation was approaching, I had come home from the Ateneo one Saturday afternoon, and spoke with my dad about taking an MBA in the States. I was met with silence, which meant there wasn’t enough money for an education abroad, that if I really wanted it, I had find a way myself. Fortunately, Procter & Gamble was offering a rare scholarship to the University of Pennsylvania’s Wharton School. It was a national competition. I entered-and won. For three generations of my family, life meant coping with challenges despite modest means, relying on God-given talent, hard work and a passionate determination to succeed.
Second Part Of The Journey: A Professional Manager
Let me now turn to the second part of this journey. After two years in Philadelphia, I returned home, hopeful about landing a managerial position in a large company. I struck out at first bat. My benefactor, Procter & Gamble, turned down my application. So I ended up taking the first job I was offered, as executive assistant to the president at Phinma for P1,000 a month. Without any job experience, we can’t be choosers, right? Grab the first decent job that comes your way, immerse yourself in work, and soon, you’ll find the right job, or it will find you.
After six years with Phinma, I decided to work abroad. There were the usual reasons: the glamor of being an expat in Hong Kong, the stifling staleness of my local career but, more importantly, I needed to find myself, to prove that I can stand on my own and succeed. The warmth of family ties, the comfort of an extended family system so embedded in our society were indeed beguiling, but I wanted to assert my independence.
I was recruited by Bancom International, a Philippine investment bank based in Hong Kong. It was a stimulating experience. I learned the dynamics of international finance from my Chinese colleagues, not from the Filipino executives. Thereafter, I was seconded to a joint venture investment bank with American Express. I had expected to be appointed CEO of that new bank, but wasn’t. While disappointed and even depressed, I soldiered on and, sure enough, this venture failed inside of two years. A huge dilemma confronted a young man of 30 years: return to Manila or stay with AMEX? I decided to remain a soldier of fortune in Hong Kong. Why? Because after this setback, I wanted to prove something to myself. I felt I had to prove to AMEX the Filipino can. Indeed, after four years with AMEX, I received a phone call from my boss in London. He said, “You’ve outgrown Hong Kong and are now ready for London, and to fast track your career.” After reflection, I politely said, no. I’ve proven the point to myself and to AMEX, and that had been enough. Besides, I felt Asia is my home — and so it shall be.
Third Part: An Entrepreneur and Corporate Activist
The third, and final part, starts with First Pacific. Whilst working in the region, I met some clients – foremost being Anthoni Salim – who were willing to support my idea of a regional banking and trading business. With their help, I founded First Pacific in Hong Kong in 1981. I started out with only six people, on 50 square meters of office space, and little capital. Now, the companies that constitute First Pacific have sales of $5 billion, with more than 60,000 employees across the region. But I won’t tell you about our successes at First Pacific. Instead, I’ll describe our failures – some of which indeed became total failures, but some of which we turned around and made a success.
In 1989, we were negotiating to acquire Hanimax, maker of middle to low-end cameras based in Sydney, Australia. I took the overnight flight to Sydney from Hong Kong, confident that when I arrived the following morning, a letter from an international bank approving our financing would await me. But lo and behold, it was a letter of disapproval. So there I was in Sydney, committed to purchase Hanimax, but without enough money to complete it.
Providentially, there was a competing bidder who sought to take us out of the race by offering a sum of money. That practice is called “greenmail.” Our gambit won $7 million that day when we had no cards to play. But there’s a sequel to this. Buoyed by confidence – perhaps overconfidence, even hubris – we were off to the races again, and decided quickly to buy another company. This was Tech Pacific, Australia’s largest distributor of computer products.
It was indeed a large company with sales in excess of a billion dollars! Well, it was a disaster. It took us three years, and enormous pain and effort, to turn its fortunes around. I fell sick from stress and anxiety and, on several occasions, contemplated resigning. But we stood to our tackle and, after those three years, Tech Pacific is now Asia’s largest distributor of computer products.
In 1998, I came home, after 22 years abroad – after what father (Roque) Ferriols often calls “the days of wasted youth.” When we invested in PLDT seven years ago, we faced the massive task of repair and renewal. Critics told us that we couldn’t change the culture of monopoly, that misdemeanors in PLDT couldn’t be eradicated, that our fixed line business had no future. But we made the tough and unpopular decisions at PLDT. Like reducing the number of employees from 14,000 to 9,000. Like changing dubious practices and encouraging honesty and transparency. Like converting the mindset of bureaucrats to that of innovators and entrepreneurs. Decisions about people are always difficult for us because First Pacific is an Asian company with Asian values. But head count reduction was critical for PLDT to survive.
Now that PLDT has recovered, and is now the most profitable company in the country, my confidence in the Filipino’s ability to succeed has been absolutely affirmed. In fact, despite the downsizing I mentioned earlier, we now have more people under our wings – about 19,000 – simply because PLDT is now a different company. And to most of you who might be familiar with Piltel or Talk N’ Text – it was a company in extremis. I’ve had to tell creditor banks that Piltel could not pay its debts – the first time I’ve done that in my life. My officemates told me to close Piltel. I didn’t agree. I believed that the cellular frequency it owns, as well as its brand, are potentially valuable, as they have become today. Also, I did not want to imperil the financial health of local banks to which Piltel owed much.
After five years of rehab, Piltel’s return to profitability has been close to supernatural. It is now the country’s most profitable company – after PLDT and Smart. Finally, some of you have raised with me the question – is business bad? Let me respond by saying, business is not all bad. It is people – some people at least – that may make business bad. No business can prosper in the long term without the right values. The best performing companies are those that manage their businesses which meet ethical standards. Transparency, accountability, integrity, discipline – all these good governance principles – must permeate every policy, every process, of the company, as they do at First Pacific and PLDT.
CLOSING
Therefore I close, I’d like to make a personal request. I’d like to ask each of you a favor. Give me bragging rights. Do something great. Sometime in the future, I want to hear some incredible thing you’ve done. And I’d like to brag that I spoke at your graduation. In return, I offer you a few more pieces of advice. Keep it real. Stay true to what’s best in yourself, to the best of your experience here at the Ateneo. Trust your instincts. Believe in yourself. Engage in sports, you’ll need it as you age. Make art, or at least, value it. Be brave. Be bold. Find something that moves you or pisses you off, but do something about it. You have a voice, speak up.
Take a stand for what’s right. Make a change. You may not always be popular, but you’ll be part of something larger and greater than yourself. Besides, making history is cool, isn’t it? But I also want to offer a warning: you will meet people who’ll entice you to compromise your principles. They’ll try to seduce you and distract you with money, power, security and perhaps, most dangerously, a sense of belonging. Don’t let them; it’s not worth it.
You can have genuine values and still get that job. You can have a conscience and still make money.
Let me send you off with one final thought. I was born poor, but poor was not born in me. And it shouldn’t be born in you either. You can make it. Whatever you may wish to do with your future, you can make it. It gets dark sometimes, but morning comes always. Suffering breeds character. Character breeds Faith. In the end, Faith will not disappoint. You must not disappoint.
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