Business NEWS

It used to be that going to shopping malls and grocery stores was a delightful task. I could spend hours to complete what’s in my shopping list. I scrutinize, read the fine prints, though not all, but in some of the items, especially those new ones on display which catches my fancy. It’s one of those chores I look forward to.

It has been raining cats and dogs for over a week. What we experienced, based on an old folklore is the proverbial “siyam-siyam” or incessant rain for nine days! This prevented most of us from doing our usual chores with our laundry hamper already brimming.

When the big brother sneezed, we caught a cold. This illustrates exactly how the domestic financial markets – the stock and the foreign exchange – respond to news emanating from Wall Street.

For the generation of Baby Boomers, the 1965 American musical drama “Sound of Music” based on the memoir of 1949 “The Story of the Trapp Family Singers” that starred Julie Andrews and Christopher Plummer was the music of our youth.

As we mend our ways to cope with the new normal so thus market mover Sergio “Boy” G. Edeza. Though, his would be in an altogether different way. This former treasurer of the Philippines (TOP) bade his goodbye at the diversified food and beverage conglomerate San Miguel Corp.

In the business corridor, the word prestige is synonymous to SM and BDO Universal Bank. Top-tier clients of BDO and its sister company SM are accorded certain privileges. Shopaholics like most of us, ladies, are salivating to be a card-bearing member of Prestige.

New recruits almost always look up to their bosses to guide and mentor them through the whole gamut of business operations. Although this is not always the case, there are companies and people who excel in mentoring, described as a “relationship between two people with the goal of professional and personal development.”

Slowly but surely the rehabilitation plan of flag-carrier Philippine Airlines (PAL) is taking its final shape. 

It’s this time of the year when banks and corporates are reporting their net income. It ‘s also stockholders’ eeting time.

I do understand that given the situation we’re all in, we have to be creative. But, no matter how I think of it, I can’t get enough of the news update about the flag-carrier going into food delivery.

Nope! It’s not the 72-minute long 2018 documentary composed from the 90 hours of “lost” footage which legendary William Wyler used for his 1943 documentary “The Memphis Belle: A Story of a Flying Fortress.”

In an exceptional move, Philippine National Bank (PNB) President and Chief Executive Officer Jose Arnulfo “Wick” Veloso will be taking on two important positions at the Bankers Association of the Philippines (BAP).

Whenever I hear the word mining, what comes to mind is the documentary film “An Inconvenient Truth,” a campaign project of former US vice president Al Gore to educate and make people aware of global warming.

Jun Samson, past president of Rotary Club Paseo de Roxas and a travelling footloose, sent me this text: “I dream of the day, when I will walk down the aisle and hear these words: This is your captain speaking…”

The wait is over. After two weeks, the Bangko Sentral ng Pilipinas (BSP) officially announced the appointment of former USAID chief of Party-E-Peso activity Mamerto “Mert” Tangonan as its fourth deputy governor in charge of the  payments and currency management sector.   Under his supervision is the Security Plant Complex (SPC).

I am in agreement with the decision of Palace to defer for the time being the shift to a more flexible Modified General Community Quarantine (MGCQ) until the roll out of the COVID-19 vaccine.

I would have titled this piece “Babalik Ka Rin” but decided against it, lest that I be accused of copyright infringement. Still, this song which debuted in 1994, written and sung by Gary Valenciano, dedicated to the overseas Filipino workers (OFWs) keeps ringing in my ear as I said before like a last song syndrome.  

This is a prologue of my piece last week about the on-going reorganization and restructuring of positions at the Bangko Sentral ng Pilipinas (BSP).