Page 8 - SEPTEMBER 2017 B ISSUE

8 www.hello-philippines.com BUSINESS & FINANCE September 2017 / Fortnightly – No. 18 • UK & Europe Edition

WIN: PUBLIC WILL LOSE WITH HOUSE MOVE
TO PUNISH ERC WITH MEASLY P1,000 BUDGET
MANILA – It’s not just the reduction issue with his House counterparts, Gatchalian supports removing
of the Commission on Human Rights’
2018 budget to a ridiculous P1,000 noting that it is in the country’s best corrupt officials but if the ERC were
that has gotten senators worried: the
House of Representatives’ move to give interest to have a regulator for electricity eventually abolished, he said, many of
the Energy Regulatory Commission a
similar P1,000 budget could have dire like ERC. the 400 employees who will lose their
consequences on the country’s power
situation, according to the Senate’s As for the allegations of corruption jobs are not involved in wrongdoing.
energy committee chief.
at ERC, the senator said there is a Gatchalian believes the House
According to Sen. Win Gatchalian,
the supply of electricity could be pending investigation in the House remedy to give ERC a P1,000 budget
impacted, and the country may even
suffer brownouts in 2018 if the House concerning this, and the legislative is too drastic and will not solve the
of Representatives action giving the
ERC a P1,000 budget is not reversed. probers have made no conclusion yet. problems bedeviling the agency, but

Gatchalian, chairman of the In the absence of such conclusion, he cause collateral damage for the public
Committee on Energy, pointed out
on Thursday that it’s the ERC that is said the ERC operations must continue which will suffer power disruptions.
tasked with approving contracts with
new suppliers of electricity, and if it because a regulator is essential in the In the Senate, the ERC budget has
cannot approve new contracts because
it cannot function in 2018 with its energy sector. been approved at the committee level. n

Sen. Win Gatchalian (L) appears A P1,000 budget effectively abolishes Mae Anne Los Baños, News5 | InterAksyon |
worried while Sen. Bam Aquino
explains a point in an earlier the ERC, he said. September 14, 2017, 7:27 PM
Senate hearing.
effect of this on consumers is we won’t DDB Group>> Continuation from page 6 chairman
P1,000 budget, then that could impact have enough electricity next year. We Chua, on legacies and
the power situation. will have a problem].” leadership in PH advertising

“Ang direktang epekto nito sa It is thus imperative, he said, to All of us know that we are doing yourself through the work you identify
consumers ay wala tayong kuryente restore the ERC’s budget of P360 great things, that we are touching a lot best with so you are contributing to
by next year; wala tayong papasok billion. of people, and that what we are doing society, building your confidence and
na bagong supply ng kuryente. is something bigger than ourselves. learning new things. You have to
Magkakaproblema tayo [The direct Gatchalian said he will tackle the I am proud that my partners have work hard and not be afraid to make
embraced this through the work they mistakes. You have to try something
FTA between ASEAN and HK seen to benefit PH do with our clients and through DDB new. New is always needed if we want
MANILA – A free trade agreement The reduction of tariffs normally AEM meeting with representatives of Cares.” anything to change.

between ASEAN and Hong Kong was leads to expanded trade relations the Republic of Korea last Saturday, What’s the future of the business? Second, there will always be
people better than you, smarter or
finalized this Saturday (Sept. 9) at the between two countries. Trade Secretary Ramon Lopez asked “Work is such an important part of richer.It doesn’t matter — just bring
what I do in life. I’m lucky to see the out the best version of yourself
ongoing ASEAN Economic Ministers’ The Philippines is seen to be among ROK to buy more of these fruits. transformation of the advertising everyday. If you don’t have a better
space. When I was starting, it took a solution to a problem, don’t waste
Meeting in Pasay City, the first free trade the biggest beneficiaries of the new FTA, “In particular, the Philippines has week to make one print ad. One month time complaining.
to make a good film commercial.
agreement to be signed in eight years. because Hong Kong is its third biggest put forward its request for improved Announcer on radio board was the Third, don’t let success get to your
fastest way to get an urgent message head. Life has a way of balancing
“The signing of these agreements this export market as of 2016, with exports market access for our exports of out to consumers. Then came video your experiences to make you well-
and digital. rounded, to make you the better and
November bodes well for both regional worth a total $6.6 billion. tropical fruits and other products stronger person you are meant to be.
My smart phone is my computer Stay humble and be kind. The blow
and national business communities, “These two agreements between of interest to ROK,” said Rodolfo. now! I can now respond right away. will be bearable when the chips are
Quick and nimble has always been down.
particularly for MSMEs,” according to ASEAN and Hong Kong, China would “Korea was receptive and said it the mode of DDB. With the help of
technology we continue to be so. Lastly, and this is probably the
Undersecretary Ceferino Rodolfo of level up our already vibrant trade and would look at the Philippine request.” most difficult, begin with the end in
Predicting the future is not easy. mind. How will people remember
the Department of Trade and Industry, investment relations as this would He said bananas, pineapples, and But, our core values will remain as you? What would you like them to
our guideposts in our journey to say about you? Make sure when you
Philippine AEM lead. mean increased market access for the mangoes “are very important for the tomorrow. look back, you’ll have plenty to smile
about, just as I do.”
He added “this would also send Filipino exports,” noted Undersecretary Philippines because Korea is a big Because of all the technology
available, advertising of the future will Coming full circle at 60, but the
a positive signal to the international Rodolfo. export market.” have these backbones — creativity, Lone Ranger is not about to ride into
consistency with integrity. the sunset yet. The visionary journeys
community of ASEAN’s resolute “We are anticipating increased On Monday (Sept. 11), the on to see more glorious sunrises, and
I always remind members of the increasing territories driven by his
commitment to free trade and open inflow of investments in HK which will ASEAN economic ministers will talk DDB family that, what got us here, passions to provide valued business
won’t take us there. So embrace solutions to clients, provide job
markets.” definitely translate to more employment to Russia and India. change. But never forget that effective opportunities to Filipinos, and guided
creativity, unparalleled integrity and by his deep faith.
A free trade agreement is a deal opportunities for Filipinos,” he added. Officials hope to expand the trade consistent great service are keys to the
success of any business. *Anna Chua-Norbert is the Talent
between two countries or regions The Philippines, meanwhile, also of goods and services between the and Corporate Communications
If you were 20 years old all over Director of DDB Group, Philippines.
meant to reduce import quotas, and strove to make a pitch for its tropical 10 ASEAN members and the two again, what would you tell yourself n Anna M. Chua-Norbert* | September 9, 2017,
that you would tell others who are also
tariffs or taxes, in the export and import fruit exports to Korea, particularly countries. n Beverly Natividad, News 5 | starting their career in the industry? 4:11 PM

of products and services. bananas, pineapple and mangos. At the InterAksyon | September 11, 2017, 12:27 AM “First, if you don’t know yourself, find

ASEAN flags are arranged just before
the start of the 49th ASEAN Economic
Ministers Meeting hosted by the Philippines.
Photo from ASEAN2017 website

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