Some Pics from the Econ Briefing

The Speaker and the Reactor

 

                                                                           
                                     
                                          The ASCEND team having lunch after the event

 

                                                               The Satisfied Attendees

What is driving the Philippines' surprisingly strong growth?

Because Filipinos go to a wide variety of countries to work, the diversity protects them from the full impact of regional economic troubles.

Click the link below to read more:
http://edition.cnn.com/2012/07/12/world/asia/philippines-surprise-surge/index.html

PMI Asia: Advancing your businesses soon

From the people behind PMI Philippines, comes a bigger and still viable economic indicator, PMI ASIA.

Economic Experts Call Philippines the New Tiger

Around 50 executives and managers coming from the top companies in the country attended the Economic Forum entitled “Economic Prospects 2012: from an Asian Perspective”, on August 23, 2012 at the AIM Conference Centre Manila. Some college and graduate school students were also present in the event.  The total crowd was at 150.

Dr. Norio Usui, Senior Country Economist of the Asian Development Bank answered questions like, “Will Asia Attract New Investors?” and expounded on possible prospects for the Philippine Economy.

Former University of the Philippines Professor and current professorial lecturer Dr. Ernesto Pernia shared his insights on Dr. Usui’s speech. He also shared his thoughts on how remittances and and RH bill can help the economy reach the sweet spot.

Dr. Pernia agrees with Dr. Usui in claiming that the Philippines evolved from being the “sick man” to the “new tiger”.

The event was organized by The All-Asian Center for Enterprise Development (ASCEND) Inc., in cooperation with the Philippine Institute for Supply Management (PISM) and the Foundation of the Society of Fellows in Supply Management, Inc (SOFSM) .

ASCEND is the market and economic research firm behind the Purchasing Manager’s Index(PMI) Philippines, a viable economic indicator functioning like the gross domestic product (GDP), only, it comes out monthly. Soon, ASCEND will be launching PMI ASIA. 

ASCEND Heads joins Strategic Planning Conference

ASCEND Heads join Strategic Planning Conference

Nick Fontanilla tackles scorecard

Dr. Nick Fontanilla and  Atty. Rodrigo Celicious, executives of The-All Asian Center for Enterprise Development (ASCEND) Inc., joined the Public Safety Mutual Fund, Inc.(PSMBFI)  Board Retreat and Strategic Planning Conference last July 26-27, 2012 at Taal Vista Hotel in Tagaytay City.

Dr. Fontanilla, a veteran marketing mentor, discussed the efficient ways of implementing balance scorecards to measure how the company performs. According to http://www.balancedscorecard.org, the scorecard  is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, enhance internal and external communications, and evaluate organization performance against strategic goals.

ASCEND Inc., a young but progressive market and economic research firm in the Philippines has been utilizing innovative business practices fit for today’s diverse and fast-changing business world.

PSMBFI, a mutual benefit fund association, conducts events like the board retreat to foster camaraderie among its members.

ASCEND Inc. offers courses in scorecards and other business development needs.

New UK Law Exposes Companies to Prosecution

A ignificant number of logistics companies appear to have insufficient procedures in place to prevent corruption, which puts themselves and their clients at risk. A third have no published anti-corruption policy or statement and more than half make no statement at all regarding facilitation payments. Logistics companies and their clients run the risk of prosecution under the UK Bribery Act which was passed 12 months ago, according to research carried out by GoodCorporation.

The new bribery law makes it easier for prosecutors to bring charges, and demands that businesses be accountable for the activities of all third parties and intermediaries working on their behalf.

For more info, click here http://www.supplychainbrain.com/content/nc/general-scm/legal-gov-t-regulatory-issues/single-article-page/article/logistics-companies-exposed-to-prosecution-under-new-bribery-act-in-uk/

Source: British International Freight Association

PH is now Asia's strongest-performing economy, says expert

Amid a disaster, here comes some good news.

This, as an expert claims Philippines is now the strongest-performing economy in Asia, thanks to improved exports even in a weak global environment.

"The strongest-performing economy in the Asia today is the Philippines," Michael Spencer, chief economist for Asia at Deutsche Bank AG, said in an interview with Bloomberg on Thursday.

For more on this, click here

http://ph.news.yahoo.com/ph-is-now-asia-s-strongest-performing-economy--says-expert.html

Purchasing Managers Index Summary for July 2012

Below are hints on how the Philippine Economy is doing this month. For the full report you may visit PMIPhilippines.com or you may email us at info@ASCENDPH.com/ASCENDPH@gmail.com.

Manufacturing Industry expands in JulyThe PMI Manufacturing index glided down to 53.30 – a 1.72 decrease from June 2012. In spite of the decrease, the index still lingered above the growth threshold suggesting that the economy expanded in July.
The chart below visualizes this month's PMI Manufacturing Index.


Retail/Wholesale Industry Slows Down
The Retail/Wholesale Purchasing Managers’ Index (RW PMI) in July, at 57.31, still remains in expansion mode but at a slower rate.

Service Industry Continues to Perform Above Growth Threshold
PMI Services in July went up by 3.19 index points from last month. For this months’ index is the highest since March’s index