We are moving. Closer to our clients. Where we can better serve you. We are pleased to announce that we will be moving to our new office in Makati City, as follows:

Unit 504, 5th Floor,

Tritan Plaza Building,

Paseo de Magallanes, Makati City

Until further notice, kindly take note of our temporary telephone and mobile numbers:

Tel: +381-0010 or 3819713 Company Mobile: Smart: +639282918747 Globe: +639225580286 Sun: +639278613177

URL:www.ascendph.com E-mail address: info@ascendph.com.

Bangko Sentral ng Pilipinas officially supports PMI Philippines

January 5, 2010

Dr. Nick Fontanilla, President of The Asian Centre for Enterprise Development and Mr. Romeo Recto, President of Society of Fellows in Supply Management presented the PMI Philippines to executives and officers from the Bangko Sentral ng Pilipinas headed by Director Zeno Abenoja of Department of Economic and Financial Learning Center.

This is an important step to establish PMI Philippines as a reliable, timely and effective Economic Leading Indicator in the Philippines today.

Congratulations to ASCEND Team and PMI Philippines!

Review the Past, Forecast the Future and Ask for Solutions Business Review: Highlights and Foresights

Can you really foretell the future? Psychics and fortunetellers use crystal balls, tarot cards, etc. But, today’s business executives use a mix of statistics, experience and lots of consultations.

The Asian Centre for Enterprise Development (ASCEND) cordially invites business executives who takes on the job of planning and strategic decision making, industry associations, government executives involved in planning, the academe, media practitioners and anyone who has an interest in reviewing what had happened in 2011 in terms of economy, business and investments and also forecasting what lies ahead in 2012. We will also present the highlights of the 2011 PMI Philippines data which answers queries on which industry prospered best, which months are the highest and lowest points during the year and implications of such findings in 2012 PMI trend.

The event is entitled: Business Review: Highlights and Foresights, a discussion of ideas and insights coming from competent speakers who will share with us the business, economic and government perspective of the issues at hand.

This will take place at AIM Conference Center Manila, from 9:00 am to 12 nn. Seminar fees are at Php 500/pax (inclusive of food and seminar materials). Members from the Philippine Institute for Supply Management and Society of Fellows in Supply Management can avail of discounted rate of Php 200/pax. Students and professors from colleges and universities may also attend for a rate of Php 300/pax.

Don’t let this event pass. Dare to review the past, look forward for the future and ask for the solutions. This is Business Review: Highlights and Foresights.

Annual Comparisons of the Purchasing Managers' Index

Shown below is the annual comparison of the Purchasing Managers' Index (PMI) Manufacturing from July 2008 to November 2011. The Philippine Institute of Supply Management (PISM), in partnership with its advocacy arm Society of Fellows in Supply Management (SOFSM) and The Asian Centre for Enterprise Development (ASCEND), conducts the Purchasing Managers' Index Survey in the Philippines. PMI Manufacturing Philippines is on its 41^st reading as of November 2011.

The trend since April 2009 shows stable and consistent economic growth. The pattern suggests that manufacturing (and economic) activities are likely to remain stable and in a growth mode. PMI Philippines registered indices above the economic threshold of 50 in 34 out 41 monthly readings. An index below neutral line indicates a contraction in the economy while an index above indicates overall expansion in the economy.

The dip in the last quarter of 2008 and first quarter of 2009 is caused by the lethargic growth of industries with raw materials coming outside the Philippines and low demand in industries exporting their finished goods. While the slight fall in April 2009 was caused by the unlikely performance of companies that have production inputs dependent in Japan.

Nonetheless, the established trend is that the Philippine economy has been in a growth mode for more than two years. Some were seasonally engendered like the usual dip in August or December and the wild upturn in October and November.

The question now is: What will December look like for the Manufacturing Industry in the Philippines?