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

PMI Manufacturing June 2012 at 55.02

 
The Philippine economy lingered within the growth mode in June 2012 with PMI manufacturing at 55.02. This index is well above the growth threshold of 50 but significantly lower than the index in May (by 4.78). On the other hand, the PMI Retail/Wholesale remained well above the growth threshold by 59.29. PMI Services Index also remained  in a high- speed performance significantly above the growth threshold at 62.07.

UPCOMING EVENTS

EYEING ASIAN MARKET?

Get the latest updates on the Asian Market, the Philippine Economy and the forecasts for the next quarter.

                                        

 

The All-Asian Centre for Enterprise Development (ASCEND) Inc. 

cordially invites you to economic briefing relevant to Asian market.

For registration please click HERE or you may reach us at: 381-0010 / 853-7312 and look for Ms. Johnlery Rico.

HURRY LIMITED SEATS ONLY!

PISM shows appreciation to ASCEND

During the 6th GMM: Greening the Supply Chain Conference and Exhibit held at St. Luke's Medical Center last May 31, 2012, another recognition was given to the All-Asian Centre for Enterprise Development (ASCEND) Inc. for their continuous partnership with PISM and SOFSM in conducting the Purchasing Managers' Index (PMI) Philippines.The certificate was handed by Mr. Romy Recto and Mr. Ricardo Sison to Atty. Rodrigo Celicious, the President of ASCEND. 

PMI Phil Awards Samsung Galaxy Pocket Winner

PMI Phil Awards Samsung Galaxy Pocket Winner

Cheers to Mr. Lito Lim, the new owner of a Samsung Galaxy Pocket, who gets the first prize in Ascend's annual raffle for purchasing managers held on July 27.

2nd prize victor Mr. Wilhelm Villegas wins a gift certificate worth 3000 Pesos. On the third spot is Ms. Shiela Gandong who gets 1,500 Pesos gift certificate.

The annual electronic raffle is a way of thanking purchasing managers for being a part of Purchasing Manager's Index (PMI) Philippines. Purchasing managers participating in the PMI survey for at least 8 times are automatically included in the raffle.

Purchasing Managers' Index Philippines May 2012 rose to 59.80 from 55.71 last month

a faster economic expansion 

               PMI Manufacturing reflected an expanding economic activity in May with an index of 59.80, significantly up from April 2012 by 4.09 index points. The same uptrend was observed in the PMI Retail/Wholesale with an increase of 1.73. A steady performance  of the PMI Services Index was  exhibited and still in a growth mode posting an index above the growth threshold.

An index above 50 indicates economic expansion and an index below 50 implies contraction.

WHERE IS THE GLOBAL ECONOMY HEADING?

Economic Prospects 2012: From A Global Perspective

The global economy faces new challenges this year 2012. These challenges were closely watched by the government and the private institutions particularly here in the Philippines. Although in single-digit, economic growth persisted through the rest of 2008 till 2010. The Philippine economy remained in a growth and promising mode despite the European debt crisis in 2011.  From a global perspective, what are the prospects in 2012 for the Philippine economy? Will the adverse conditions in Europe restrain growth or will the positive market conditions in the Philippines prevail?

The All-Asian Centre for Enterprise Development, Inc. (ASCEND, Inc.) cordially invites you to Economic Prospects 2012: From A Global Perspective featuring insights and foresights from business organizations headed by Mr. Reiner Allgeier, German – Philippine Chamber of Commerce and Industry and Dr. Nick Fontanilla, the managing Director of ASCEND, Inc. Also, we invited reactors who are industry experts on their fields will be sharing their ideas for business opportunities. The event will be on May 4, 2012, Friday at  4^th floor, Rooms 2-5, JV Del Rosario Hall, AIM  Conference Centre Manila from 9:00 AM – 12:00 NN.

PISM C-Speak: The Future of Supply Chain in the eyes of a Chief Executive

Dr. Nick Fontanilla, the Managing Director of ASCEND Inc, discussed the importance of PMI to decision makers in the Philippine Institute of Supply Management's Second General Membership Meeting. The event is entitled - PISM C-Speak: The Future of Supply Chain in the eyes of a Chief Executive which was held last October 13, 2011 at the Sharing-La Hotel, Makati City.

Comment and share your thoughts about the discussion!