Archive for January, 2017

Conquer 2017 with 5 Key Lessons taken from PH’s Youngest Billionaire

Tuesday, January 31st, 2017
Edgar “Injap” Sia II is among Forbes’ 40 Richest in the Philippines and the youngest billionaire on the list. Due to his prominence and widely lauded underdog story, Injap’s meteoric rise in the Philippine business landscape is nothing short of inspirational.

Edgar “Injap” Sia II is among Forbes’ 40 Richest in the Philippines and the youngest billionaire on the list. Due to his prominence and widely lauded underdog story, Injap’s meteoric rise in the Philippine business landscape is nothing short of inspirational.

In 2011, Go Negosyo featured Injap Sia in its annual publication entitled 50 Inspiring Young Entrepreneurs, where he shared his story of taking the fast food industry by storm with Mang Inasal. Since then, Injap has sold shares of Mang Inasal to The Jollibee Group for $3 billion, became the youngest Filipino billionaire, and is currently at the helm of rapidly expanding Double Dragon Properties.

In the December 2016 issue of the local Forbes magazine, Injap was hailed as Businessman of the Year, a title usually awarded to industry leaders, who are, on average, almost double his age. In his feature, his central message was for entrepreneurs to look for “windows of opportunity” – inciting that the gaps or shifts in industries are where big and sustainable business ideas can come from.

With Mang Inasal, Injap addressed the gap in the fast food industry that no one saw: grilled chicken which is a Filipino comfort food staple. Today, his latest venture into land banking & properties addresses the shift in provinces from traditional to modern retail through City Mall. Looking forward, Injap is seizing even more windows of opportunity, already setting his sights and investing in what he sees as an eventual spike in our country’s tourism industry.

Injap’s rapid rise to success has led him to be hailed as a rockstar entrepreneur. With his distinct vision and brand of confidence, we can only see Injap’s foothold amongst the richest and most powerful in the country to become solidified. Here are 5 key lessons you can take away from the the Philippines’ Youngest Billionaire to bring your business to the next level this 2017:

Double Dragon Properties Inc. Chairman and CEO Edgar “Injap” Sia happily received his Bossing award for his fast expansion into the world of real estate.

Double Dragon Properties Inc. Chairman and CEO Edgar “Injap” Sia happily received his Bossing award for his fast expansion into the world of real estate.

1) Take calculated risks
What has largely contributed to Injap’s success is his ability to take calculated risks when it comes to business. Most people know that Injap dropped out of college to pursue business. However, this decision wasn’t on an impulse – it was a calculated risk which led to him pursuing a business venture full-time. That venture is what we know today as the unstoppable fast food chain Mang Inasal.

WHAT YOU SHOULD DO: Assess what risks you can take to jumpstart your business this year. For aspiring entrepreneurs, start putting that business idea into motion. For established entrepreneurs, think of what you can do differently this year to distinguish yourself from competition (e.g. expanding, investing, marketing, etc.).

2) Confidence in your vision
Injap’s ability to communicate his vision to others largely contributes to the success of his ventures. In the beginning, he was considered as relatively young to be a successful business owner. However, he was able to change this perception due to his brimming and unfaltering confidence in his vision and what he has to offer. Today, he is able to rub elbows with business leaders and even establish partnerships with them, having earned their trust and confidence.

WHAT YOU SHOULD DO: Establish a vision for your business. Ask yourselves (include your team if you have one) where do you want your business to be in five years? From there, map out steps for your business to reach that vision. When you can imagine how you can reach your vision through planning, you plant the seeds for confidence in it.

3) Stay humble and persistent
Although he is already amongst the country’s richest, Injap continues to be as hardworking as ever. He believes that money and success can only make you happy until a certain point and that in business, there is always room for improvement.

Banking on the second lesson, confidence is one thing, but remaining humble and persistent is also integral for your vision. At the onset of Mang Inasal, Injap encountered difficulties securing deals with suppliers due to his young age and lack of experience. However, this didn’t faze him and he pursued suppliers from local markets and cooperatives. This proved to be a winning move because it not only secured the operations of an expanding Mang Inasal but also helped generate business for smaller and local enterprises.

If Injap let initial rejections bruise his ego, Mang Inasal and Double Dragon probably wouldn’t be what they are today.

WHAT YOU SHOULD DO: When encountering different people in your business, have an open mind and heart. Business will always bring difficulties, so having the right mindset can make all the difference. Try being solution-oriented; think of problems as a challenge to become better and they will cease to be as scary.

4) Think big, think long-term, think original
Injap is a firm believer of only pursuing businesses which can be scaled up nationwide. He says that pursuing trendy concepts is never sustainable. When you’re thinking big and long-term, you should think original or innovative as well.

Injap has entered two industries which have been dominated by key groups for decades now. The reason why Injap has been able to penetrate and even dominate these markets is he was always thinking big (can this be scaled up?), long-term (is this business sustainable?), and original (is this market already saturated? can I still compete with established leaders in the industry?)

WHAT YOU SHOULD DO: Assess! Assess! Assess! Are you thinking big enough? Are you thinking long-term? Are you exploring novel concepts? Are you innovating?

5) Surround yourself with the best
Lastly, Injap’s success can largely be attributed to the people he chooses to surround himself with. When he was starting Mang Inasal, Injap had the wisdom to seek the advice and help of people who were more knowledgeable to the nuances of business. In the case of Double Dragon, he partnered with Jollibee Group’s Tony Tan Caktiong because he knew that his venture into properties has more chance of succeeding with Caktiong’s clout and experience in the business world. He has also gained the trust of business tycoon Carlos Chan of Liwayway Marketing Corp., becoming partners in establishing Jinjiang Inn in the country.

WHAT YOU SHOULD DO: Actively look for people who are more experienced and are better than you. Mentorship is an invaluable resource in the world of business. If you’re looking for a program which can connect you to mentors, sign-up for the Mentor Me program in a Negosyo Center in your area. (Check this link for the complete list of Negosyo Centers nationwide: (www.bamaquino.com/gonegosyoact/negosyocenters/)

Prosperity for All: PH Officially Launches ASEAN 2017

Friday, January 27th, 2017

MANILA: This January marked the beginning of the Philippines’ chairmanship of the 10-member regional bloc of ASEAN. Centered on the theme “Partnering for Change, Engaging the World,” diplomats and leaders from all over the region will convene in several Philippine locations for events covering economic relations, business, youth, women and other special topics throughout the year.

ASEAN 2017 was officially launched last January 15 in Davao City’s SMX Convention Center. “As the Philippines assumes chairmanship of the ASEAN 2017 which also coincides with its 50th year anniversary, our stride is wade by a sense of pride and excitement as we step into the century and the world hand in hand,” Presidential Communications Secretary Martin Andanar said.

The six thematic priorities of this year’s ASEAN according to the Presidential Communications Operations Office include “people-oriented and people-centered initiatives, peace and stability, maritime security and cooperation, inclusive and innovative-led growth, ASEAN resiliency, and ASEAN as model of regionalism.”

ASEAN 2017 Business and Investment Program

The ASEAN Business Advisory Council led by its chair Joey Concepcion together with DTI Secretary Ramon Lopez, Executive Secretary Salvador Medialdea, former President Gloria Macapagal-Arroyo, and President Rodrigo Duterte.

The ASEAN Business Advisory Council led by its chair Joey Concepcion together with DTI Secretary Ramon Lopez, Executive Secretary Salvador Medialdea, former President Gloria Macapagal-Arroyo, and President Rodrigo Duterte.

January 24, Tuesday, was the ASEAN Business and Investments Program Launch held at the Malacañan Palace and organized by the Department of Trade and Industry (DTI) led by Sec. Ramon Lopez. The launch covered the Philippine Business Agenda for 2017 with messages from ASEAN-BAC Chair Joey Concepcion, Office of the President Executive Secretary Atty. Salvador Medialdea, and President Rodrigo Roa Duterte.

“DTI as chair of the ASEAN Economic Ministers (AEM) and the chair for the Committee on Business and Investment Promotion (CBIP) will unveil several business programs for the year that will complement Philippines’ priorities under the ASEAN Economic Community (AEC) Pillar,” Secretary Ramon M. Lopez said.

The CBIP, an inter-agency committee established by the Philippines’ 2017 ASEAN National Organizing Committee (ASEAN NOC), is responsible for engaging the international business community, investors, government and other parties; and in organizing, as well as supervising potential business and investment-related activities.

Among the six thematic priorities identified for Philippines’ chairmanship of ASEAN 2017, DTI is set to highlight efforts under the thematic priority “promoting inclusive, innovation-led growth, for shared prosperity in ASEAN”. “Having AEC pillar in mind, CBIP developed business programs that will complement our regional effort in terms of regulatory coherence, promotion and internationalization of micro, small and medium enterprises (MSMEs), development of an innovation-driven economy, and promotion of women and youth entrepreneurship,” said DTI Secretary Ramon Lopez.

69th ASEAN-BAC Meeting & Welcome Dinner

The 69th ASEAN Business Advisory Council Meeting last January 25-26, 2017.

The 69th ASEAN Business Advisory Council Meeting last January 25-26, 2017.

ASEAN BAC Chairman Joey Concepcion headed the discussion of programs and agenda for 2017 during the 69th ASEAN Business Advisory Meeting. This is the first meeting for the Philippine chairmanship.

ASEAN BAC Chairman Joey Concepcion headed the discussion of programs and agenda for 2017 during the 69th ASEAN Business Advisory Meeting. This is the first meeting for the Philippine chairmanship.

 ASEAN Business Advisory Council Philippines: Tessie Sy-Coson ASEAN BAC Chair Joey Concepcion and George Barcelon.

ASEAN Business Advisory Council Philippines: Tessie Sy-Coson ASEAN BAC Chair Joey Concepcion and George Barcelon.

On January 25-26, Presidential Adviser for Entrepreneurship & the 2017 ASEAN Business Advisory Council (BAC) Chair Joey Concepcion led this year’s council members, composed of private sector leaders from neighboring countries, in the 69th ASEAN-BAC Meeting held at the City of Dreams, Parañaque City.

“It is very important for each nation to come together and help one another because it cannot just be only two or three countries that are progressing leaving the seven countries behind. It defeats the vision of prosperity for all. As I said, the President’s mission is to bring about change and make many of our micro and small entrepreneurs succeed in life. This will eventually erase the poverty that many of our people still experience,” ASEAN-BAC Chair Joey Concepcion said.

The meeting’s agenda included sessions on MSMEs by ASEAN-BAC MSME WG Chair Jerry Clavesillas, Women in Business/Corporates by ASEAN-BAC Businesswomen WG Chair Pacita Juan, Young Entrepreneurs by ASEAN-BAC WG Chair Rommel Gerodias, and Inclusive Business by ASEAN BAC Chair Assistant Secretary Felicitas Reyes. Each session was followed by a discussion amongst council members leading to an agreed upon collective action on the matter.

On January 25, the ASEAN-BAC Welcome Dinner capped off the first day of the meeting and was held at the Forbes Ballroom of Conrad Hotel. Aside from ASEAN-BAC Members, the dinner was attended by government officials, ambassadors, enablers, business orgs, the different chambers of commerce, and the entrepreneur community. ASEAN-BAC Chair Joey Concepcion gave the opening message followed by Department of Trade and Industry Undersecretary Nora Terrado’s message on the Philippine Business Agenda for ASEAN 2017.

Presidential Spokesperson Ernesto Abella.

Presidential Spokesperson Ernesto Abella.

Presidential Spokesperson Ernesto Abella also attended the dinner and gave a short message. Other presentations during the dinner included the Manila Declaration of ASEAN Young Entrepreneurs Association, Asian Development Bank Lead Economist for Trade and Regional Cooperation Mr. Jay Menon’s “ASEAN Economic Community: Challenge and Opportunities”, and USAID Philippine Competitiveness (COMPETE) Project Chief of Party, Dr. Enrico Basilio.

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ASEAN Business Launch

Thursday, January 26th, 2017

It is a privilege for the Philippines to host the momentous 50th anniversary of the Association of South East Asian Nations (ASEAN). It has been a milestone of success for ASEAN as we observe the economic progress in the region.

As the 7th largest economy in the world, we are contributing $2.3 trillion to the world’s GDP. With a diversity of culture, we have created an active ecosystem for various businesses and industries. We have linked companies to companies, industries to industries, and countries to countries.

For the Philippines, we are the fastest growing economy in Asia. We have a strong business sector and public sector who work hand in hand in making the lives of all Filipinos progressive.

Last Tuesday, Department of Trade and Industry Secretary Ramon Lopez launched the ASEAN 2017 Business and Investment Program in Malacanang. Former President Gloria Macapagal Arroyo, Executive Secretary Salvador Medialdea, and our President Rodrigo Duterte were among the attendees of the launch of business programs for ASEAN this year. Close to 400 guests composed of government officials and businessmen witnessed the successful presentation of the year-long programs of the business sector.

Secretary Lopez said, “Philippines, through DTI, wants to highlight business programs and events that will complement the ASEAN efforts to champion the inclusion of micro, small, and medium enterprises (MSMEs) in the international trade, and the strengthened promotion of youth and women entrepreneurship.”

The ASEAN Business Advisory Council led by its chair Joey Concepcion together with DTI Secretary Ramon Lopez, Executive Secretary Salvador Medialdea, former President Gloria Macapagal-Arroyo, and President Rodrigo Duterte.

The ASEAN Business Advisory Council led by its chair Joey Concepcion together with DTI Secretary Ramon Lopez, Executive Secretary Salvador Medialdea, former President Gloria Macapagal-Arroyo, and President Rodrigo Duterte.

The four pillars of ASEAN Economic Community for ASEAN 2025 were reiterated. These pillars include: the establishment of a single market and production base; a highly competitive economic region; a region equitable economic development; and a region fully integrated into global economy.

2017 will be a busy year for the Philippines as we host many activities. With President Duterte as the chair of ASEAN, Sec. Mon Lopez as chair of ASEAN economic ministers, and I as chair of the ASEAN Business Advisory Council, we will make sure to mount programs that will fulfill the agenda of “inclusive, innovation-led growth.”

ASEAN BAC will partner with DTI for the programs on micro and small entrepreneurs, women, youth, and inclusive business.

For the MSMEs, we have created the ASEAN Mentors-Entrepreneurs Network (AMEN) which will become the mentors for our small brothers in the industry. Former ASEAN Business Awardees are now being pooled together to create a mentoring session for the ASEAN MSMEs-Mentors Conference. This will feature ASEAN mentors who will share best practices and business insights.

ASEAN Women Entrepreneurs Network led by Go Negosyo entrepreneur Chit Juan have also partnered with us and DTI for the ASEAN Women’s Business Conference on August. This will be a chance for women entrepreneurs to address issues and concerns focusing on market access and finance.

In September, there will be an Inclusive Business Summit which will feature the best practices in inclusive business and will recognize companies who have implemented inclusive business models in their system. This is also one of our pillars in the Kapatid, Angat Lahat – to promote inclusive business models in the entrepreneurship community. We are currently working on a book that will feature more than 50 companies in the country who have tapped small and micro entrepreneurs to be part of their value chain.

As for the young entrepreneurs, ASEAN Young Entrepreneurs Council led by its chair Rommel Gerodias will host the 2nd ASEAN Young Entrepreneurs Carnival which will harness the network of young entrepreneurs in the region in the industries of food, agriculture, information technology, logistics, business process outsourcing, start-ups, and Internet of Things (IOT).

Another ASEAN MSME Summit will be held in November which features inspiring MSMEs who have benefited from the mentoring program of DTI and Go Negosyo and other partner agencies. This year, we are launching more Mentor ME programs in different Negosyo Centers in the provinces which will then equip more micro and small entrepreneurs with the needed business techniques and knowhow.

Other programs of ASEAN Committee on Business and Investment Promotion are the following: ASEAN Creative Cities Forum and Exhibit which will showcase innovation, creativity, and culture; ASEAN International Food Exposition Philippines which will feature best food brands of the ASEAN countries and partner nations; Creative Marketplace; and Slingshot ASEAN which will create an ecosystem of start-ups, mentors, angel investors, incubators, academe, and industry experts.

I shared during the launch, “This year, ASEAN turns 50 years. It is indeed a milestone. But in the end, a milestone has to achieve certain objectives for the greater welfare, not only of the Filipino people, but of all the 10 ASEAN countries. 10 years ago, the Philippines hosted ASEAN. My father then was the head of ASEAN BAC and President Gloria Macapagal-Arroyo was the president at that time and the event was held in Cebu. In the past 10 years, the Philippines is really in quest for a solution towards the greatest problem of our nation which is poverty. That is why the ASEAN BAC adopted “Partnering for Change, Prosperity for All. That to me, will really put meaning in the ASEAN as we turn 50 years. We cannot achieve prosperity just for the few. Our president’s principle is equalized by his passion for change which has to happen in the next six years. We are counting on our nine ASEAN brother nations to provide the valuable insights and advice and mentors to be able to help the Philippines in reducing the poverty level. Many of our youth are looking towards a brighter future. We have countless of Filipino people moving overseas to seek better opportunities, better pay, and a better future. This has to change. We must promise them a great future in our country. So prosperity for all will really bring about greater meaning to our ASEAN 50 this year.”

President Duterte who has been very vocal in helping micro and small entrepreneurs, stressed on creating prosperity in the region.  “Our ASEAN today presents many real opportunities for investments to grow, for investors within and outside our region. ASEAN needs to sustain its momentum towards inclusive growth, ensure businesses and industries continue to thrive, and secure a policy that supports meaningful economic change and reform.”

President Duterte also encouraged business leaders to tap the MSMEs and integrate them in the national and regional value chain.

Together, let us partner for change!

ASEAN at ang Pilipinong Negosyante

Tuesday, January 24th, 2017

The Go Negosyo sa Radyo episode last January 20 on DZRH 666 kHz featured guests Gil Gonzales (Executive Director, ASEAN Business Advisory Council) was anchored by Sherril Quintana (Owner, Oryspa Spa Solutions Inc.) and DJ Faith. The episode focused on how Filipino negosyantes can position themselves against the backdrop of ASEAN integration.

Go Negosyo sa Radyo guest Gil Gonzales (Executive Director, ASEAN Business Advisory Council) was anchored by Sherill Quintana (Owner, Oryspa Spa Solutions Inc.) and DJ Faith.

Go Negosyo sa Radyo guest Gil Gonzales (Executive Director, ASEAN Business Advisory Council) was anchored by Sherill Quintana (Owner, Oryspa Spa Solutions Inc.) and DJ Faith.

What is ASEAN and ASEAN-BAC?
ASEAN logo
The ASEAN stands for the Association of South East Asian Nations and is comprised of 10 member states namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The objective of the ASEAN is to foster cooperation, growth and peace for our regional bloc.

The ASEAN Business Advisory Council (ASEAN BAC), on the other hand, represents the private sector of ASEAN. The council consists of influential businessmen from each member state who convene annually to discuss policy reforms to stimulate economic growth.

Both bodies are moving towards integration, which means businesses all over the ASEAN will attempt to go regional. Foreign players are continuously entering our market; a looming threat to the security of small local entrepreneurs is palpable.

ASEAN BAC Executive Director Gil Gonzales however, ensures negosyantes that there is no need to worry—with the theme of this year’s ASEAN BAC being “Partners for Change, Prosperity for All” a move towards inclusive policies is seen on the agenda of the council. So, what does this mean for Filipino negosyantes?

  1. MSMEs will be prioritized
    The move towards integration does not mean that only the big and powerful players of each member state will benefit. ASEAN integration is actually being intentional on making growth in our region as inclusive as possible. For example, MSMEs are currently at the forefront of development policies in each member state.
  1. Mentoring will be upscaled
    Gonzales mentions the model of Go Negosyo’s Mentor Me Program as one that can be upscaled in line with ASEAN. In the past year, the roll-out of the Mentor Me Program has been successful—the transfer of knowledge and skills have helped countless Filipino negosyantes. Now that we’re moving towards regional integration, Gonzales says that mentoring hopes to take on a regional aspect. Think of the mentorship network consisting of not only Filipino angelpreneurs, but also Thai, Malay, Indonesian, etc.
  1. Competition also means opportunities
    Although competition may seem like added stress for local negosyantes, it also brings in more opportunities. In fact, Sherill Quintana shared that “The ASEAN chairmanship is an opportunity for Philippines to showcase and inspire. It’s about time we shine. Because of ASEAN Integration, our economy will open up. Even if it means plenty of businesses will come in, it also means we can branch out.”

Sherill Quintana is the winner of the “Most Promising Franchise” at the 2015 Franchise Excellence in Healthcare at the ASEAN Business Summit at Vientiane, Laos last September 5, 2016. In her experience, expanding her enterprise to other ASEAN nations has improved her business radically.

She encourages us to think bigger—Filipino-made products are worth investing in and we should show that to the world. Quintana is a prime example of how the move towards integration can be beneficial for our negosyantes. However, like her, negosyantes should first take advantage of the growing network.

We’ve been wishing for change, and change is definitely coming in the form of ASEAN integration. The challenge to local negosyantes then is to position yourselves well along with the changes. Think: how can I take advantage of the new regional market? Should I export? Should I import? Should I join ASEAN competitions?

The opportunities are truly boundless—time to shine Kapatids!

Kapatid Taipans for Inclusive Growth

Thursday, January 19th, 2017
President Rodrigo Duterte and Presidential Adviser Joey Concepcion together with the Go Negosyo Kapatid taipans in a dinner in Malacanang last January 17, 2017.

President Rodrigo Duterte and Presidential Adviser Joey Concepcion together with the Go Negosyo Kapatid taipans in a dinner in Malacanang last January 17, 2017.

2017 is off to a good start as we have recently met with President Rodrigo Duterte to discuss different business matters such as inclusive business, micro, small and medium enterprise development, our Sulu project, labor and contractualization federalism, and other concerns that need to be raised. The objective of this meeting is to express our support to the President in helping areas of conflict and extreme poverty in the country.

I arranged this meeting with the Kapatid taipans for them to directly hear the President’s views and opinions on issues concerning the business sector. We are glad that the President agreed to meet us despite his current busy schedule right after the successful state visit of Japan’s Prime Minister Shinzo Abe. The big brothers in the entrepreneurship community were also delighted to share to the President the current efforts done by their companies to help alleviate poverty in the country.

Attendees include Ginggay Hontiveros, Go Negosyo Sulu Coordinator; Alfred Ty, GT Capital Holdings Corporation Co-Vice Chairman; Manny Pangilinan, First Pacific Managing Director and CEO; Federico Lopez, First Philippine Holdings Corporation Chairman and CEO; Doris Magsaysay Ho, Magsaysay Corporation President and CEO; Michael Tan, LT Group President and COO; George Barcelon, Philippine Chamber of Commerce and Industry President; Kevin Tan, Megaword Corporation First Vice President – Commercial Division; Hans Sy, SM Prime Holdings Chairman of the Executive Committee; Enrique Razon, International Container Terminal Services (ICTSI) Chairman, Cong. Arthur Yap, Bohol 3rd District Representative; Sec. Carlos Dominguez, Department of Finance Secretary; Former President Gloria Macapagal-Arroyo; Tomas Alcantara, Alsons Group Chairman; Merly Cruz, Go Negosyo MSME Development Adviser; Erramon Aboitiz, Aboitiz Equity Ventures President and CEO; Alice Eduardo, Sta. Elena Construction and Development Corporation President and CEO; Jaime Zobel de Ayala, Ayala Corporation Chairman and CEO; Tony Tan Caktiong, Jollibee Foods Corporation Chairman and CEO; Edgar “Injap” Sia, Double Dragon Investment Chairman and CEO; Dr. Francisco Duque, Department of Health Former Secretary; and Domingo Yap, Federation of Filipino-Chinese Chamber of Commerce and Industry Vice President.

Enrique Razon, Former President Gloria Macapagal-Arroyo, Jaime Augusto Zobel de Ayala, Manny Pangilinan, Cong. Arthur Yap, Alfred Ty, and Federico Lopez.

Enrique Razon, Former President Gloria Macapagal-Arroyo, Jaime Augusto Zobel de Ayala, Manny Pangilinan, Cong. Arthur Yap, Alfred Ty, and Federico Lopez.

The first part of the meeting was to update the President on the progress that we have so far for Sulu. The Negosyo Para sa Kapayapaan sa Sulu of Go Negosyo and Department of Agriculture of Sec. Manny Pinol launched this project with the initiative of bringing socio-economic development. The Sulu Project was President Duterte’s initiative and was assigned to Sec. Pinol. This was launched in Malacanang last December and was attended by President Duterte and more than 500 entrepreneurs and Go Negosyo advocates. Ginggay Hontiveros, who is our Sulu coordinator raised the commitments we have as a group such as housing development, mentorship, infrastructures, and other programs that will help Sulu reach progress. Michael Tan, Manny Pangilinan, Hans Sy, and Jaime Augusto Zobel de Ayala also pointed out their respective companies’ planned programs.

We understand that there is extreme poverty in the region coupled with the conflict with armed groups. This is the reason why we want to bring change in the area. Hopefully, an improvement in the lives of all community members in Sulu.

We were able to raise concerns on contractualization as well. President knows that Filipinos are dependent on their jobs thus we are one in the mission of employment generation. We need more jobs so that Filipinos will no longer work abroad. As mentioned during the dinner, there are more than 6,000 Filipinos who leave the country everyday. The goal here is to reduce the number of Filipinos who travel abroad for work opportunities. We aim to create more employment here in the country since there are more people joining the work force. We do not accept anything that will hinder job growth in the country.

President Duterte showing the "narco list" to the businessmen.

President Duterte showing the “narco list” to the businessmen.

President Duterte’s plan for federalism was also raised. The businessmen were supportive of the move for federalism. There are various suggestions from different people on their vision of federal state. There are just questions that were raised such as the number of federal states which is a work in progress.

Sec. Carlos Dominguez also appealed to the businessmen to support the tax reform program and to encourage the congress to approve the reform from the executive branch.

The President stayed with us for more than three hours. Many were extremely happy with how the President responded to every question. They saw his passion on the drug problem as he showed the thick list of people involved in the drug trade. It was a chance for many to have an eye to eye contact with the President and saw his sincerity in improving the lives of many poor Filipinos. As I walked out towards the exit you can see in the eyes of the the big brothers a great renewal of confidence and whatever doubts they had on the President have been cleared. What was accomplished was a relationship of trust and cooperation where the Kapatid taipans can use their resources to help the President achieve his vision on change. We will all look forward to the next meeting with the President 6 months from now. This was one of the best meetings I have attended with the President

ASEAN@50 Launches in the Philippines

Tuesday, January 17th, 2017

ASEAN
MANILA: This January marks the beginning of the Philippines’ chairmanship of the 10-member regional bloc of ASEAN. Centered on the theme “Partnering for Change, Engaging the World” diplomats and leaders from all over the region will convene in different locations in the Philippines for various events that will cover economic relations, business, youth, women and other topics throughout the year.

For the month of January, the ASEAN 2017 launch was held on January 15 in Davao City’s SMX Convention Center . “As the Philippines assumes chairmanship of the ASEAN 2017 which also coincides with its 50th year anniversary, our stride is wade by a sense of pride and excitement as we step into the century and the world hand in hand,” Presidential Communications Secretary Martin Andanar said.

Priorities of this year’s ASEAN according to the Presidential Communications Operations Office include “people-oriented and people-centered initiatives, peace and stability, maritime security and cooperation, inclusive and innovative-led growth, ASEAN resiliency and ASEAN as model of regionalism.”

Upcoming events this January are the ASEAN Business and Investments Program Launch on January 24 at the Malacañan Palace organized by the Department of Trade and Industry (DTI) led by Sec. Ramon Lopez. The 69th ASEAN Business Advisory Council (ASEAN-BAC) Meeting and Dinner happens on January 25-26. The meeting will be hosted by ASEAN-BAC Chair, Presidential Adviser for Entrepreneurship and Go Negosyo Founder Joey Concepcion, and will explore the topics of MSME, Women in Business, Young Entrepreneurs, Inclusive Business and E-commerce aligned with it’s thrust of Partners for Change, Prosperity for All.

“It is very important for each nation to come together and help one another because it cannot just be only two or three countries that are progressing leaving the seven countries behind. It defeats the vision of prosperity for all. As I said, the President’s mission is to bring about change and make many of our micro and small entrepreneurs succeed in life. This will eventually erase the poverty that many of our people still experience,” ASEAN-BAC Chair Joey Concepcion said.

Usapang Pera: Tips on Savings and Personal Finance

Tuesday, January 17th, 2017


articleFor the Go Negosyo radio episode aired on January 13, 2017, hosts Sen. Bam Aquino & DJ Cheska Diego-Babadilla were joined by Angelpreneur Armand Bengco (Founder of KsK co-op and Co-owner of Backalley Barbershop) to discuss personal finance management.

The informative hour covered credit cards, allocation of funds, bookkeeping, and diversifying one’s income.

So, here are the top 5 tips from Mr. Bengco to make that money go-round for a prosperous 2017!

1. Have a bank account aside from your payroll account
Bengco emphasizes that importance of being present and active in the financial world. Having an account outside your payroll account allows you to build a relationship with your bank. Also, you can assign one account to be reserved for savings and the other for expenses.

2) After a savings account, get a checking account
Bengco recommends getting a checking account because a check is not only in your name, but the bank’s. The bank itself lets you borrow money in their name – this gives you credibility and an even better foothold in the financial world.

3) Savings, savings, savings
Set a percentage of your income that you need to save and stick to it. It doesn’t have to be a big percentage – you can even start with 10%. Savings should be the last thing you touch, so make sure when you’re planning on how much of your income will go to your savings, you’ve already properly allocated your funds to cover all your expenditures.

4) Start investing your money on other things
Bengco shares his personal venture into male vanity in the form of Backalley Barbershop – a way for him to diversify his income. Savings are important but investing allows you to grow and protect your money. Imagine if you only had one source of financial security, like your savings or business. Having a diverse source of income won’t leave you bankrupt at the end of crisis.

5) Insurance is necessary
Insurance today already covers life/living benefits. Before, insurance only had death benefits. But insurance has developed and improved today and among the benefits are paying off debts, unforeseen expenses, and securing your dependents’ futures.

Overall, Mr. Bengo’s main message is to have a presence in the financial world. The 5 tips above are some of the best ways to do so. Heed Bengco’s advice and you’ll have an easier time applying for loans, checking accounts, credit cards, etc. in the future!


armand_bengcoArmand Bengco is the Co-Founder and Executive Director of the Colayco Foundation for Education, Inc., as well as the Co-Founder and General Manager of Kapatiran sa Kasaganaan Service and Multi-Purpose (KSK-SMP) Cooperative. He hails from a family of established financial and investment practitioners. He has a wide experience in personal finance, government, manufacturing, self-employment, and information technology. Mr. Bengco is the host of Global News Network’s Pisobilities at the Business Portal and DZRH-TV’s Pera Pera Lang Yan and Seminar School Plus. A regular also in GMA News TV’s Pisobilities TV Program and radio host in DZXL-RMN’s Pisobilities. He regularly conducts financial seminars and workshops in line with the foundation’s advocacy.

Great Change Starts With Onions

Thursday, January 12th, 2017

We, as a Filipino people, must strive to achieve inclusive growth which must reach the outskirts of our country. We are glad that many of our big Kapatids in the business sector utilize inclusive business models that benefit our MSME Kapatids, helping all of them scale up.  Last year, I said that we needed initiatives beyond the norm to reach our goal and we started it.

There was an outcry from Bongabon Farmers in Nueva Ecija to stop the massive importation of onions. Israel C. Reguyal, head of the Local Onion Growers for Economic and Trade Cooperation (LOGNET), approached the President seeking help. I saw the perfect opportunity for Kapatids to step in. Together with the Department of Agriculture Secretary Emmanuel “Manny” Piñol, we brought together our local onion growers with major supermarket chains and large-scale buyers. It was a great chance to help the farmers scale up through market linkage.

Several big brother companies like SM GroupCentury Foods Group and Shakey’s, Robinson’s Group, Puregold, Rustans/Shopwise, Jollibee, McDonalds, CDO Foodsphere, and Max’s Group answered the call. Today, I would like to share their efforts;

(L-R) Israel Reguyal (Chairman of Lognet), Grace Manalang (CDO Purchasing Manager), Shiela Villabroza (Office of Usec.Puyat), Joy Dela Rosa (Secretary of Lognet), Raymond Canoza (Office of Usec.Puyat), Leonila Baes (DA Agribusiness and Marketing Assistance Service).

(L-R) Israel Reguyal (Chairman of Lognet), Grace Manalang (CDO Purchasing Manager), Shiela Villabroza (Office of Usec.Puyat), Joy Dela Rosa (Secretary of Lognet), Raymond Canoza (Office of Usec.Puyat), Leonila Baes (DA Agribusiness and Marketing Assistance Service).

The SM Group, led by Tessie Sy-Coson and Joey Mendoza of SM Supermarkets, was one of the first large chains to buy directly. They are locally sourcing onions from the farmers of Nueva Ecija. Approximately 20 metric tons was available in the shelves of SM Supermarket, SaveMore Market, and SM Hypermarket since December 2016.

Robinsons Supermarket of Robina Gokongwei-Pe led the “Love Local Produce” campaign. They ordered a total of 6,250 kg (250 sacks) of red onions that can be bought in their 31 stores in Metro Manila.

Rustans Supercenters, Inc. headed by Irwin Lee also purchased their first batch of onions from Bongabon last year. A total of 4,500 arrived to fill the shelves of several company chains; 2,703 in Shopwise, 1,125 in Rustans, and 696 in Wellcome. Rustans was connected to us through the help of Nonoy Colayco.

Shakey’s received their first trial order of white onions last January 3. After determining that both quality and price are acceptable, they have scheduled regular deliveries beginning this week. Target volumes will be between 700 to 800 kgs per week, depending on the supply. Hopefully, this can open the door for other locally grown agricultural crops to top our pizzas soon.

The Century Pacific Group of Chris Po is also studying the possibility of contract farming in order to establish longer term relationship with farmers. They are currently in conversing with LOGNET in hopes to promote a more sustainable supply chain.

CDO Foodsphere of Corazon Ong met with LOGNET-AC on 16th of December to discuss their initial order of 5 tons a month, hoping that volumes will increase if quality and price are acceptable. They received their first order of white and red onions just a week after the meeting.

Robina Gokongwei-Pe, President and COO of Robinsons Supermarket and the display of locally grown onions from Nueva Ecija in one of their supermarkets.

Robina Gokongwei-Pe, President and COO of Robinsons Supermarket and the display of locally grown onions from Nueva Ecija in one of their supermarkets.

This is what Sec. Piñol calls as the “great chance in Philippine Agriculture” that shifts us towards market-oriented farming—buyers and farmers working hand in hand to ensure that crops supply the market needs. It’s a win-win situation for both the Nueva Ecija farmers and these large-scale buyers. The initiative has been launched and it’s coming into fruition. With time and experience, we hope to elevate other agricultural crops as well.

In the future, we look forward to linking other crop industries to big brothers which will then help them reach bigger market. We are directly coordinating with Secretary Manny Pinol and our partnership for more MSME development in agriculture.

Our future is bright if we strengthen the agriculture sector. Farmers need our help. And we are more than willing to extend our development programs for them. Together with our big brothers, let us achieve prosperity for farmers, fishermen, micro and small entrepreneurs and all Filipinos!

***

Philippines is hosting the ASEAN this year with President Rodrigo Duterte as the chair in the government side, and I will be leading the ASEAN Business Advisory Council, the business counterpart, as chairman. It will be a special celebration as we are commemorating the 50th anniversary of ASEAN. This Sunday, January 15, the government led by President will be launching our chairmanship in Davao. As for the business sector, the Department of Trade and Industry will launch ASEAN on January 24. We look forward to the success of ASEAN 2017 which will bring inclusive growth not only in our country but in all of the countries in the region.

Dennis Coffee Garden: A Balikbayan Uplifts Sulu Culture Through Coffee

Wednesday, January 11th, 2017

Imelda Dagus had a high-paying job in Oman. She had financial security, a good career, and an ideal family. After 25 years of being an OFW, she has finally found her comfort zone. But she risked it all to go back home to the Philippines and start a business.

After 25 years of being an OFW, Imelda Dagus has finally found her comfort zone. She risked it all to go back home to the Philippines and start a business.

Imelda Dagus started working overseas right after college as a flight attendant. She has worked and lived abroad for 25 years – more than half her life, far away from her home in Jolo, Sulu.

Why?
Her dream of being an entrepreneur started when she read the book “Rich Dad, Poor Dad” by Robert Kiyosaki. She was so inspired that she went on to read many other entrepreneurship books and attend business seminars, some of which are organized by Go Negosyo.

“I was so inspired and eager to learn that I even followed Go Negosyo when they went to Bahrain,” she shared.

From what she learned, Imelda said that an entrepreneur becomes one due to the following reasons: Crisis, Chance or Choice. For her, it was a choice. While she had lived a comfortable life overseas, she figured that she couldn’t be an employee and stay within her comfort zone forever. Eventually, she and her husband would have to come home. She asked herself, “What will happen then?” She realized that at some point, she had to take control of her own destiny.

More than her personal reasons, Imelda found it necessary to preserve and scale up an old town cafe, which was established by her grandmother in 1962 in the town of Jolo, Sulu. Imelda finds her passion in this project not only because it is about preserving a legacy handed down to the third generation but also about upholding an age-old coffee culture worth sharing with the rest of the world. Imelda says “it’s not just about coffee, it’s also about culture and legacy”.

Imelda Dagus (3rd from left) joined Go Negosyo as one of the panelists during the 6th OFW Summit (November 2016).

Imelda Dagus (3rd from left) joined Go Negosyo as one of the panelists during the 6th OFW Summit (November 2016).

Dennis Coffee Garden
Dennis Coffee Shop was first established in Jolo, Sulu in 1962. The coffee shop, initially called Omar’s Place was among the industry pioneers, and was managed by the family matriarch, Ubbaisa Ahalul.  Though without a formal education, it was through her inherent entrepreneurial skills and own brand of business management that the coffee shop grew into the enterprise that it is today.

Imelda spearheaded the project of expanding and taking the business to the next level.  She had put together a plan to bring Sulu’s Dennis Coffee to Zamboanga City and this time, as the more upscale Dennis Coffee Garden (DCG).  “We want to create something of value, which our community can be proud of.”

DCG is the first of its kind in Zamboanga, it aims to offer not only quality coffee and native delicacies, but also ambiance and space.  Aside from a garden and alfresco dining area, there are also function rooms and other facilities for meetings/gatherings that cater to families, social groups and customers from nearby offices, colleges and commercial establishments. Additionally, it is located near the airport to provide travellers the perfect waiting lounge or a place to dine, meet and relax as soon as they arrive in Zamboanga.

Dennis Coffee Garden is truly a depiction of value creation as it promotes cultural heritage, inclusive growth and community development.

An Inspiration to OFWs
Most OFWs are afraid to leave their jobs abroad because of the risk of not finding the same opportunities in the Philippines. In her interview with ABS-CBN News, Imelda said that “OFWs in particular should think of building a business back home instead of coming back and looking for another job, because you will definitely not get the kind of income that you earned overseas back in the Philippines.”

Aside from entrepreneurship, Imelda is also determined about inspiring other OFWs to invest in a business in their home country. She believes that building a business will not only empower them, but also help the country by giving people jobs.

Ms. Imelda Dagus is the epitome of a strong businesswoman. Not only does she provide employment for the local people of Mindanao, she also preserves the culture of her family and the place where she grew up while doing well for herself. If she can make it, why can’t you?

“Mga Patok na Negosyo para sa 2017”

Monday, January 9th, 2017

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The first episode of the year for Go Negosyo Radio aired last January 6 on DZRH 666 kHz and covered the different types of business that would be ideal to enter into this 2017. The program’s regular hosts, Sen. Bam Aquino and DJ Cheska Diego-Babadilla, were joined by guests Asec. Bles Lantayona from DTI and motivational speaker Paulo “The Entrep Champ” Tibig. The show summed up the different patok na patok negosyos this 2017:

1) Basic Instinct
This category covers the businesses that cater to the most basic of filipino needs – food. From rice retailing, butcher shops, groceries and convenience stores, this category is primed for 2017 because Filipinos everywhere always seek to put food on their tables.

2) TLC (Tubig or Water Refilling, Laundry, Cleaning)
The rapidly increasing number of condominiums we see all over the metro confirms that the businesses seen under this category are also of increasing demand.

3) Vroom, Vroom, Groom
Because Filipino people will always pay to satisfy their vanity. From barbershops, beauty salons and beauty products, there is no doubt that making beauty your business will reap rewards this 2017.

4) Lifestyle/disease products and services
Health is definitely wealth under this category as more and more Filipinos adapt a health conscious lifestyle. Businesses such as health supplements, wellness/fitness programs, pre-packed nutritional meals are seen as having huge income potential this year.

5) Memories are forever
Creating golden memories that are immortalised is proving to be a business worthy venture this 2017. From photo/video services to events management, our memories-obsessed population is creating a vast need for more and more businesses to provide them with instagram-worthy content.

6) Agricoolture
In what Tibig calls the “infinity business,” agriculture-related businesses remain a relevant venture this 2017 as the market for this is never-ending and the diversity of products to sell are endless.

There you have it! The six categories covered for businesses to venture into this 2017. For the other categories that Entrep Champ Paulo Tibig has outlined for this year, visit the website www.paulotibig.com.ph