Financial Times Live Forum 2014 ; 

"First Metro Investment Corporation : Metro Bank Group and Financial Times tandem"

In anticipation for the upcoming World Economic Forum , the Financial times together with Metro Bank Investment Corporation Metro bank group staged a one day " Financial Times - First Metro Philippines Investment Summit , " Gearing Up for ASEAN Integration last May 19, 2014 at Mandarin Oriental Hotel , Manila Philippines.

The event corporate partners such as AIM , Asian Institute of Management, Century Pacific Food , Inc., Charter Ping An Insurance Corporation GT Capital Holdings Inc., CIRTEK Holdings Philippines Corporation, Magsaysay , Manila Water" Care in every drop", PSE Philippine Stock Exchange Inc., Rockwell Land, and Toyota " moving forward".

An excerpt of the Vice President of the Republic of the PHilippines , His Honorable Excellency , V.P Jejomar Binay delivered during the Financial Times First Metro Philippines Investment Summit.

" In my stint being the former Mayor of the city of Makati , I had a the opportunity and privilege to study abroad, in Harvard University. From the said institution that I was able to exposed and fully grasp the financial world , its structures necessary for one to carry out a certain level of public mandates.At the same its relevant and application in the private enterprises."

Further the V. P. continued; " This summit financial times- First Metro Philippines Investment summit will expound financial agenda that bring out , encourage sensible discussions , ensights, and emparts on how a nation like Philippines or the region , the south east asia, would respond proactively to the very interconnective , rapid changes confronting our times.

Expected from our reactions to these changes ot times is the over all sounds economic parameters and performance that should be favorable to describe , "that is on trajectory expansion mode.

"For these, the Philippines is rightfully in the said bright spots . With the current administration concerted efforts to move the economy in the the blameless straight path , were manage to accomplish unprecedented economic performance from 2012, 2013 and 2014 , benchmarking a success rate for 6%, 7.7% and 6.5% respectively. Raising the bar in terms of our national credit rating given by the respected rating institutions like the standards and poors (SP), that is favorably on the Philippines advantage . From BBB- to BBB+ that means the Philippines has a stable economy , fit for the foreign direct investments to pour down their money to our business private and public sectors".

The Vice president hence, said" even the the biggest foreign banks like the HSBC , Hongkong Shanghai Bank , made a public declaration that the Philippines would ultimately will one of the biggest economy in the region in the coming years to come. Expecting to hurdle more of about seven notches from its current status, as one of the economic performer in the region perhaps in the world."

"However ,despite of this success story of benchmarking, the fulfillment of success being a public manager is to ensure that the economic miracle would need to be felt , trickle down to the bottom segments of our society. What we need is an inclusive economic growth that would spur the agricultural sector comprising the vast majority of our rural folks.", this is the very the words of the vice president.

" Because as everyone observed, the Philippine economic upheaval is mainly fuelled by the massive growth in the service sectors , the outbound and inward bound business process outsourcing( BPO), and the billion dollar remittances of our OFW overseas foreign workers ".

"Moreover , the V.P explained , despite our relative growth in manufacturing and agricultural sectors , the current administration is rolling out , comprehensive yet calculated master plan economic agenda for us to sustain the growth that we are experiencing. "

" Finally we realized , that we need to diversify our labor sector, we need to strenghten , standardize and be competitive in the manufacturing sector for its directly provides real job and employment . We need to do this, for us to reach the critical point of our economic expansion.

" Listening from the advice from the economic think tanks from Washington D. C., we are aware the Philippine constitutions limitations that would further liberalize the entry of foreign sectors , specially in the ownership of putting up of corporations, banking and financial operations in the Philippines. "

" Our immediate goal is to speed up , investment and expenditure in mega projects like infrastructures, energy, information technology providing a hassle free investment landscape in the country".

" For the moment , the total GDP gross domestic product , percentage in relation to investment in public infrastructure comprise for about 25 %". Hence, there is a need to expedite the pending approval and implementation of PPP,( Private Pubic Partnership) programmes especially in the public transport and power sectors".

" From the congress side point of view, we just approved and pass the "EPIRA", in relation to fair playing field eneryg sectors. We are are aware the need to reduce the electricity cost in order to spur the growth in the manufacturing industry. This can only be done by expanding the power generating capacity of energy players.".

On top of it", the Philippines should focus on labor productivity and at the same time the needs to upgrade the skills of our labor force , by enhancing the education available for the Philippine , greatest asset for now, our human resources."

Together with private enterprises its very clear , that we laid out , the massive portfolio of investment related to gaming, cultural heritage,m medical eco tourism, modernizing our agricultural sectors with provisions for research and development, focused on the high value crops , ensuring the safe and reliable logistics , supply chain in the most affordable to everyone.

By energizing our SMS's small and medium enterprises which is the current engine of our business sectors comprising 90 % plus , there is a need to put them on the business mapping , who have a priority access to micro loans. Encourage start ups to be innovative and creative enough to outsource capital from the maturing financial capital markets that we have today.

"The Philippine business landscape should have a business ethics and character . Expansion is meaningless , when marginalized sector is beyond the boundary of it"
,inclusive growth means, should be felt by every one".

The city of Makati , being your host today " the financial time and metro bank financial summit 2014", and the upcoming World Economic Forum a day from now, which will took place in Makati , Shangrila Hotel is a success story by itself of economic miracle".

The VP stressed out, that after 1986 , being an appointed Local Government Unit manager by the then, President of the Republic of the PHilippines , Ms. Corazon C. Aquino , the city of Makati coffers is incurring a total debt of 215 million pesos. The city emerged however to become a private sectors and public example of tremendous growth after 21 years (2010), , the city of Makati were able to implement worth of 10 billion projects with no financial budget deficits in the end.

"Makati now is the city of tomorrow".

This was done due to single focus mindedness, good governance, and private sectors supporting the government in carrying out public mandates. During my tenure as former mayor of Makati, I kept my promise to raise trax by implementing sounds , computerize tax collection system. I raise tax only once thus benchmarking our tax base and the city of Makati become debtless.

Raising tax revenue is genuinely necessary provided this must be by performance base , classified each sectors of industry.

We adopted public policy adjustable to burgeoning real estate Makati Enterprises.

We promoted the city as the shopping mecca of the Philippines.

Guided by the idea , that expansion means exclusions.

Today city of Makati means, greater accesses, opportunity, advancement, qood quality of lifestyles, better enhance economic landscape conducive to do business.

By 2010 , 40 % of annual budget of the city of Makati , is aloted to Education,Health, Environment, Social Services, Infrastructure, and other services.

The reality of being a financial public managers is on the execution.

Overall the achievement needs always to be inclusive to all sectors rich and poor .
After all the success of business it may private or public is always beyond "ETHICS".

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