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With new plant, Gardenia eyes more Mindanao sales

TAGOLOAN — Gardenia Bakeries Philippines, Inc. expects stronger sales in Mindanao, after the inauguration of its bread-making plant here on Thursday.
“We will aggressively magnify our bread distribution coverage and expand our market development efforts to ensure that Gardenia products will be available and easily accessible across various distribution channels in Mindanao,” Simplicio P. Umali, Jr., Gardenia President, said in his opening remarks.
Gardenia’s new facility, which features fully automated bread-making machines, can manufacture 130,000 loaves and buns a day. It is located within the PHIVIDEC Industrial Estate in Tagoloan, which is near Cagayan de Oro.
Mr. Umali said the plant started operations last September. “The Mindanao expansion [costs] P1 billion for the whole production which includes the trucks,” he told reporters.
“We are now bringing Gardenia breads closer to our consumers with the opening of our newest plant. With our current distribution capabilities, Gardenia is available in Davao, Cagayan de Oro, General Santos, Surigao and Zamboanga del Norte, Butuan and Kidapawan but we will intensify our market penetration and saturation to widen our network, and eventually reach every corner of Mindanao,” Mr. Umali added.
Mr. Umali said Gardenia uses flour sourced from Pilmico Foods Corp. He said the company is looking at launching pineapple buns, which will use locally grown pineapples.
“We work with the local companies and we make sure we buy from them,” he said.
Gardenia will also explore the possibility of using cassava flour, which is produced in Mindanao. “We would have to study the cassava (flour), how good the supply is….We have to look at the taste,” he said.
Gardenia is also set to start full operations at its P2-billion plant in Pampanga this year. The company also has plants in Laguna, Tarlac, and Cebu.
With the expansion, Mr. Umali said Gardenia is expecting a 35% jump in its sales this year from P6.6 billion generated in 2018. — Reicelene Joy N. Ignacio

Growth to stay above 6% in Q1 on spending, slower inflation

By Melissa Luz T. Lopez, Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) expects economic growth to remain above six percent this quarter, with the view that strong government spending will prop up domestic activity despite budget delays and as inflation slows.
“The Philippine economy is expected to continue to expand above its long-term growth trend in Q1 2019, supported by firm domestic demand amid the continued implementation of the government’s infrastructure program,” read the highlights of the Monetary Board’s rate-setting meeting last month.
This was the last policy meeting presided over by the late BSP Governor Nestor A. Espenilla, Jr., who passed away Feb. 23 after battling tongue cancer.
The bullish growth outlook coupled with a “more manageable” inflation rate led policy makers towards keeping the key rate steady at 4.75% and the interest rate corridor at the 4.25-5.25% spread, noting that these remain “appropriate” for now.
The Philippine economy grew by 6.1% during the fourth quarter of 2018, the slowest pace seen in three years. This pulled the full-year climb to 6.2%, well below the state’s 6.5-6.9% target.
However, the BSP is optimistic that the rapid growth pace will be sustained this year, as they count on the May 13 midterm elections for a “modest boost” during the first semester.
Strong fiscal spending — which grew 21% to hit P3.408 trillion in 2018 — is likewise expected to fuel expansion, with the state now armed with more funds to use for its priority programs and projects.
“Government proceeds from the oil excise tax hike that took effect starting January 2019 is also expected to help keep the fiscal program on track during the year, even as the re-enactment of the budget is expected to temporarily curtail government expenditures and disrupt procurement activities,” the BSP said.
To date, the P3.757-trillion national budget is yet to be signed into law by President Rodrigo R. Duterte, leaving new programs and infrastructure projects unfunded as the national government operates on a re-enacted budget.
The government is targeting a 7-8% growth goal this year, supported by nearly P1 trillion investments in big-ticket construction projects under the administration’s “Build, Build, Build” program.
Incidentally, former Budget Secretary Benjamin E. Diokno was sworn in as the fifth BSP governor on Wednesday night, who will serve the remaining four-year term of Mr. Espenilla which expires July 2023.
Mr. Diokno will lead his first rate-setting meeting on March 21. On Wednesday, he said he intends to continue the reform agenda of his predecessor but noted that there is room to “expedite” cuts in the reserve requirement ratio (RRR).
On interest rates, the new BSP chief said they will look at “timing” for possible rate cuts, but added that they might need more inflation data points before any adjustments.
BSP Deputy Governor Chuchi G. Fonacier said separately that there appears to be “more space” to cut rates, given February’s 3.8% print which marked a one-year low and a return to the 2-4% target band.
London-based Capital Economics said they expect a policy cut from the BSP by May, which would kick off the unwinding process for the 175 basis point rate increases unleashed in 2018.
Market watchers expect Mr. Diokno’s reign at the BSP to be marked by “pro-growth” measures, which they take to mean reductions in benchmark yields and the RRR.

Stop listening to Michael Jackson

By Ramesh Ponnuru, Bloomberg Opinion
WHAT were they thinking? If you watch Leaving Neverland, the HBO documentary about Wade Robson and James Safechuck, two men who say that Michael Jackson sexually abused them as children, you will find yourselves asking that question a lot.
Often that question will be directed at the boys’ parents. Why would you let your young son sleep with an adult man? Why would you bring your son over at 1:30 in the morning to share a man’s bed? Joy Robson and Stephanie Safechuck, the mothers of the alleged victims, spend a lot of time on camera explaining themselves.
Their answers suggest that the power of celebrity and ignorance about pedophilia combined to powerful and insidious effect. Jackson, on their telling, groomed not just the boys but their families, sizing them up as vulnerable and then seducing them into a fantasy of fame and success. He took care, as well, to make the families financially dependent on him at key moments.
There were times when each mother asked her boy whether anything had happened to them. Wade and James admit they insisted at the time that nothing had. As adults, they say that they lied out of fear and guilt, and even out of a kind of love that they cannot help feeling for their abuser even now.
Their mothers say that they believed the denials. They wanted to believe them. They thought that children would speak up if they were mistreated — an assumption that underestimates pedophiles’ ability to get their victims to help them keep their secrets.
But it’s not just the parents whose actions inspire disbelief. The pop star had an enormous retinue of enablers — including, Robson and Safechuck say, lawyers who coached them on what to say about other boys’ allegations of abuse. The fortifications are still in place: The Jackson estate has responded to Leaving Neverland by blasting Robson and Safechuck as “admitted perjurers,” which they are, having said they lied in court to protect Jackson.
Not all of Jackson’s enablers, though, have been in the family’s employ.
At one point the documentary shows news footage from the early 1990s. Jackson appears at the edge of a hotel rooftop, thrilling the crowd below. A boy is there, too, looking down at the fans. The news announcer calls him Jackson’s “traveling companion,” as though his cycling through favorite pre-pubescent boys were the most normal thing in the world. (Robson sees the footage and knows he has been replaced.)
Everyone knew that something was wrong about Jackson’s relationship with boys. Everyone. Teenagers in Kansas City in the early ’90s knew it, I can attest. When Slate ran a defense of Jackson against the accusations of abuse in 2005, it was a contrarian take. But because nothing could be proved in court, either in a 1993 civil lawsuit or the criminal trial of 2004-5, our culture tacitly decided to pretend that Jackson might just be weird rather than alarming.
The opening move of that Slate defense was that if Jackson was a predator, more kids would have tried “getting rich” by going public. Like the mothers, the author thought he knew how sexually abused children would behave and, in the absence of that behavior, disbelieved the abuse accusations. The documentary shows how hard it can be for victims to acknowledge what happened to them. For both Robson and Wade, having sons of their own seemed to be the event that did the most to trigger a reckoning.
The documentary barely mentions Jackson’s music. But those who watch and come away convinced that Jackson was a monster — as I think most viewers will — may be prompted to rethink their relationship to his work.
The sophisticated thing to say is that the art should be separated from the artist’s flaws. Jackson didn’t always cooperate with that project. The videos for “Black or White,” “Smooth Criminal,” and “Man in the Mirror” all open with shots of children. “Scream,” his catchy 1995 duet with his sister Janet, is entirely an expression of anger at the “lies” and “confusion” that had been spread about him in the 1993 abuse lawsuit. He portrayed himself as the victim of people who didn’t understand him and wanted to bring him down: just what he wanted the boys in his bed to believe.
I’ve heard songs of his hundreds of times. I think it’s enough.

Aboitiz Equity to issue retail bonds within 1st half

ABOITIZ Equity Ventures, Inc. (AEV) plans to issue up to P5 billion worth of fixed retail bonds within the first half of the year.
In a disclosure to the stock exchange on Thursday, the listed conglomerate said its board of directors has approved the issuance of P3 billion in retail bonds or Series A bonds, with an oversubscription option of up to P2 billion.
This represents the first tranche of AEV’s P30-billion bond issuance in its debt securities program.
“Depending on market conditions, the Series A bonds are expected to be offered to the general public during the first half of 2019,” the company said. The bonds will then be listed at the Philippine Dealing and Exchange Corp.
AEV engaged BDO Capital & Investment Corp. and First Metro Investment Corp. to act as the offering’s joint issue managers, joint bookrunners, and joint lead underwriters.
The company plans to spend about P50 to 60 billion in capital expenditures this year, the bulk of which will finance its projects in the power sector.
AEV is currently constructing a bulk water project in Davao City called Apo Agua worth between P13 to 14 billion. The facility is scheduled to start operations in 2021, and will have the capacity to process 347 million liters of water per day. It also comes with a 2.5-megawatt hydro-electric power plant.
AboitizPower is also exploring more renewable energy projects both locally and overseas, with potential projects in Indonesia, Vietnam, Malaysia, and Myanmar.
AEV Chief Executive Officer Erramon I. Aboitiz earlier said they will have to look for more growth opportunities abroad since they are growing faster than the Philippine economy, as well as in industries where they are present.
In a separate disclosure, the company declared cash dividends of P1.32 per share for shareholders of record as of March 21. The dividends will be paid out on April 5, taken from its unrestricted retained earnings by end-2018.
The company booked a nine percent profit increase to P17.32 billion in the first nine months of 2018, following a 21% rise in gross revenues to P135.25 billion.
Shares in AEV gained 0.09% or five centavos to close at P58.65 each at the stock exchange on Thursday. — Arra B. Francia

BDOLF to divest from Mitsubishi financing JV

BDO LEASING and Finance, Inc. (BDOLF) is set to divest its 40% stake in MMPC Auto Financial Services Corp. (MAFS), enabling the firm to focus on its core business.
In a disclosure on Thursday, BDOLF said it will sell its shares in MAFS to JACCS Co. Ltd., a Japan-based company engaged in consumer credit services.
“This will allow BDOLF to focus more on its core business of equipment leasing and finance,” BDOLF said in the disclosure.
Established in 2016, MAFS is a joint venture among BDOLF, JACCS, Mitsubishi Motors Philippines Corp. (MMPC) and Sojitz Corp., providing financial services to individual and corporate buyers of Mitsubishi motor vehicles.
Apart from BDOLF’s sale of its 40% stake, MMPC will also let go of its 5% share in MAFS, ultimately raising the share of JACCS in MAFS to 65%.
Japan-based Sojitz, meanwhile, will retain its 35% holdings.
“The transaction is in line with JACCS’ decision to expand its investment in MAFS as part of its strategy to accelerate the growth of its overseas business,” the statement from BDOLF added.
The transaction is still subject to closing conditions, including approvals by the relevant authorities.
Data from the Chamber of Automotive Manufacturers of the Philippines, Inc. and the Truck Manufacturers Association showed MMPC was the second-largest vehicle manufacturer in the country at end-January with a 19.48% market share at 5,239 units, trailing behind Toyota Motors Philippines Corp.
BDOLF is the leasing and financing unit of BDO Unibank, Inc., the country’s largest commercial bank in asset terms. It provides direct leases, real estate leases, leaseback arrangements as well as receivables factoring to its customers.
In 2018, BDOLF raked in some P331 million in net income, down from the P571 million recorded in 2017, dragged by the combination of increased funding costs, rising interest rates, and higher documentary stamp tax.
The firm recently received approval from the Securities and Exchange Commission to issue P15-billion worth of commercial papers to be used for re-lending and refinancing maturing obligations.
BDOFL shares closed unchanged at P2.34 apiece on Thursday. — Karl Angelo N. Vidal

CEOs tell Trump they are hiring more Americans without college degrees

WASHINGTON (Reuters) — Chief executives of major companies said at a White House forum on Wednesday that they are hiring more Americans without college degrees as they search to find increasingly scarce applicants for open jobs.
The White House hosted CEOs of major corporations who joined a Trump administration advisory board on workforce issues, including from Apple Inc, IBM Corp, Lockheed Martin Corp, Siemens USA and Home Depot Inc, who are part of a 25-member board co-chaired by President Donald Trump’s daughter and adviser Ivanka Trump and Commerce Secretary Wilbur Ross.
“We have a chance to employ so many more people — and not always with a college degree, a less than a four-year degree will get a very good paying job in the new economy,” said IBM Chief Executive Ginni Rometty.
Apple CEO Tim Cook said nearly 50 percent of the people the company hired in the United States last year did not have a four-year degree.
“We never thought that the college degree was the thing that you had to have to do well,” Cook said, adding that “our founder was a college dropout,” an apparent reference to Steve Jobs.
Cook said he believed “strongly” that computer coding proficiency should be a requirement before U.S. students graduate from high school.
Lockheed Martin CEO Marillyn Hewson said of 14,000 people hired last year by Lockheed, half did not have a four-year degree and 6,500 were in manufacturing. The company has boosted workforce training, she said.
Trump said he wants to help companies find workers and he wants more high-skilled immigrants as U.S. unemployment remains low at 4 percent. “In one way, I love it,” Trump said of low unemployment. “But in another way, I don’t want to make it hard for you.”
Last month, the Bureau of Labor Statistics said U.S. job openings reached a record high in December at 7.3 million. The White House says the job openings present “a mismatch between the skills needed and those being taught, requiring immediate attention to help more Americans enter the workforce.”
The advisory board members will work “to develop and implement a strategy to revamp the American workforce to better meet the challenges of the 21st century,” the White House said.
Board members also include the chief executives of the U.S. Chamber of Commerce and the National Association of Manufacturers, as well as the governors of Iowa and Indiana, the president of the North America’s Building Trades Unions and the mayor of Charlotte, North Carolina, among others. — Reuters

What to see this week

2 films to see on the week of March 8 — March 14, 2019

The Haunting Hour (a.k.a. 23:59: The Haunting Hour)

TOMMY, a socially awkward man who is bullied his army mates, finds comfort from compliments left by readers in his blog. One, a very attractive female, intrigues Tommy who imagines more — until he receives a text from her and things start to go horribly wrong. Directed by Gilbert Chan, the film stars Richie Koh, Mark Lee, and Wang Lei. “Feels like a slap-in-the-face anti-climax,” writes John Lui of Singapore’s The Straits Times.
MTRCB Rating: PG

Captain Marvel

AS FANS of the Marvel Comics series would know, Carol Danvers is an ex-US Air Force Pilot who becomes Captain Marvel, a member of an intergalactic space army, and is tasked to save the world. The movie’s events are set against the backdrop of 1995. The film stars Brie Larson as Carol Danvers and Samuel L. Jackson as Nick Fury, Ben Mendelsohn as Talos, Lee Pace as Ronan the Accuser, Gemma Chan as Minn-Erva, and Jude Law as Yon-Rogg. Rotten Tomatoes gives it a score of 83% and certifies the film as “fresh.” Peter Travers from Rolling Stone says, “You could ding it for convoluted plotting and a retro style that flattens the usual Marvel fireworks. But a dynamite Brie Larson gives hell to cosmic villains and sexist trolls. And an orange feline named Goose is the best movie cat ever!”
MTRCB Rating: PG

ICTSI sets aside $380 million for 2019 capex

INTERNATIONAL CONTAINER Terminal Services, Inc. (ICTSI) is allotting around $380 million for capital expenditure (capex) this year, 45% lower than the $261.3 million the company spent in 2018.
In a disclosure to the stock exchange, the Razon-led port giant said the capex budget will be mainly used for “ongoing expansion projects in Manila, Mexico and Iraq; equipment acquisitions and upgrades; and for maintenance requirements.”
At the same time, ICTSI reported its net income attributable to equity holders rose 22% to $221.5 million in 2018, from $182.1 million recorded the previous year.
The company attributed the higher profit to “strong operating income from organic terminals; a decrease in the Company’s share in the net loss at Sociedad Puerto Industrial Aguadulce S.A. (SPIA)… in Buenaventura, Colombia, which decreased from $36.8 million in the year of 2017 to $23.4 million for the same period in 2018 as the company continued to ramp-up container volume; lower restructuring and separation costs; and a $2.8-million non-recurring gain from the pre-termination of interest rate swap related at its terminal in Manzanillo, Mexico in May 2018.”
However, ICTSI noted earnings growth was tempered by the increase in port lease expenses at Melbourne, a $5.8-million non-recurring impairment charge at its Davao terminal, and the termination of its sub-concession agreement in Nigeria.
“Our drive in maintaining positive volume growth organically and through (mergers and acquisitions), our focus on cost and operating efficiency, and the constructive global trade dynamics outside of the US-China ‘trade war’ combine to provide a case for cautious optimism in 2019,” ICTSI Chairman Enrique K. Razon was quoted as saying in a statement.
ICTSI gross revenues increased by 11% to $1.4 billion in 2018, on the back of its 6% volume growth to 9,736,621 twenty-foot equivalent units (TEUs) handled in 2018.
“The increase in volume was mainly due to continuous improvement in trade activities; new contracts with shipping lines and services; and the contribution of new terminals in Lae and Motukea in Papua New Guinea, and Melbourne, Australia,” the company said.
ICTSI’s operating expenses also rose 14% to $540.5 billion during the year due to increased costs from new terminals, higher fuel prices, among others. — Denise A. Valdez

Philippine banks boosting guards versus cyber threats

A CRISIS MANAGEMENT and security consulting firm said the preparedness of the Philippine banking sector in dealing with cyber threats is “quickly changing” even as financial institutions remain the most vulnerable to these attacks.
In a press conference, Blackpanda Philippines Managing Director Kevin McCaffrey said the commitment of local banks to improve cybersecurity is “extreme.”
“[Their preparedness is] quickly changing. They’re in an immense amount of pressure. What have they done so far, they’ve done the best they can with what they’ve got. The stop-gap measures are in place,” Mr. McCaffrey said on Tuesday.
“I’m a customer just as much as anybody else in these financial institutions, and I feel that my data is safe.”
Mr. McCaffrey added that the security consulting firm is in discussions with a number of banks, some of which are forming consortia.
He said the components of these groups are usually one or two banks with eight or nine smaller lenders. The banks pool their resources to avail of the cybersecurity solutions provided by firms such as Blackpanda.
“I think that we have to look particularly at the smaller banks. It’s very difficult for them to keep up, so that’s why it’s important for these consortiums to band together because they don’t have the resources to capitalize on these solutions.”
Mr. McCaffrey said financial institutions remain the most vulnerable to cyber threats globally, noting that cyber attackers are shifting their focus to the Asia Pacific region (APAC).
“What’s happening is cyber threats are starting to transfer their focus away from America and Europe, where there’s big payout but there [are] also great risks because their defense is getting better. They’re shifting to APAC, where the defense are weak but the payout is also big. The next swing is going to be in APAC,” he said.
Rizal Commercial Banking Corp. (RCBC), one of the country’s biggest banks, was involved in an $81-million cyber heist in February 2016, wherein unidentified hackers stole funds from Bangladesh Bank’s account with the Federal Reserve Bank of New York using fraudulent orders on the SWIFT payments system.
RCBC was fined a record P1 billion by the Bangko Sentral ng Pilipinas in August 2016 for its failure to prevent movement of the stolen money through its system.
“What we’re finding our most traction right now especially in the Philippines is financial services for obvious reasons. The banks are under attack, and they continue to be under attack,” Blackpanda’s managing director said.
He added that aside from the banking sector, technology, healthcare, retail and hospitality, as well as telecommunications are the other industries most vulnerable to cyber risks.
Blackpanda is a Hong Kong-based security consulting firm that provides localized solutions across the physical, human and cyber domains. Its offices are located in Manila, Hong Kong, Tokyo and Singapore.
Its insurance partner Jing An Special Risks has secured a license to operate in the Philippines to provide cover against cyber threats and terror acts for local business. — Karl Angelo N. Vidal

AMA offers online short-course program to upgrade skills

AMA University Online Education (AMA OEd) said it is offering an online program featuring short courses to enhance employee skills across various industries.
AMA OEd Technical Course Professor Josephine Casine said short courses are thought to be better suited to employed individuals as opposed to post-graduate programs.
“Unlike a degree or post-graduate program with educational attainment requirements, short courses do not have the same stringent requirements. They give anyone the chance to learn a specific subject matter that they are personally interested in or need for their job,” she said in a statement on Thursday.
AMA OEd offers short courses in foreign language proficiency, software, and management skills.
AMA OEd Head of Content Development Leohernard Quitaleg said people who complete the courses are given certificates.
“Aside from the skill and the knowledge, you also get… an additional credential to your resume that can help get you promoted at work,” he said. — Gillian M. Cortez

Italpinas board OK’s preferred share issuance

ITALPINAS Development Corp. (IDC) on Thursday said its board of directors gave the go signal for the issuance of up to P650 million worth of preferred shares.
The listed property developer disclosed that its board of directors has approved the issuance of up to P500,000,010 worth of preferred shares, with an over allotment option of up to P150 million. The preferred shares are priced at P15 each.
“The Board further delegated to management the determination of the manner, terms, and condition of the issuance of the preferred shares,” the company said.
The company earlier said that it plans to spend P2 to 3 billion to expand two projects next year, namely Primavera City in Cagayan de Oro, Misamis Oriental, and Miramonti in Sto. Tomas, Batangas.
The capital spending will be funded through the issuance of preferred shares and through bank loans for the remaining balance.
IDC’s attributable profit jumped 45% to P33.19 million in the first nine months of 2018, as gross revenues doubled to P373.02 million in the same period.
Shares in IDC jumped 9.57% or 45 centavos to close at P5.15 each at the stock exchange on Thursday. — Arra B. Francia

How to handle difficult job interview questions

I was interviewed for the vacant post of vice president by the CEO of a major company. My experience with him was disappointing after he asked the following questions: “Describe a stressful work condition with your past or current employer. How were you able to handle it? What would you do if you found out that a colleague is stealing millions from the company? Would you play politics with a colleague asking for your favor so that he can use a company vacation house for a week despite a policy against it? Would you agree to be imprisoned for avoiding taxes in favor of the company? Would you be willing to answer my phone calls at two in the morning? How would you feel if top management takes credit for your work?” Imagine answering around 15 of these questions for close to two hours. What’s your take on this? Are these questions relevant to the job? (italz end) — Stressed Out.
A young boy was helping his grandfather dig for potatoes one summer afternoon. After a while, the boy began to feel tired and asked: “Grandpa, what was your intention when you buried these things, anyway?”
Innocent question, indeed. Socrates said: “The only true wisdom is in knowing that you know nothing.” That’s why and how we start to ask a lot of questions to learn, even unlearn and relearn many things during job interviews.
Your situation reminds me of my own experience when I was called in by a multinational firm for a similar interview for the vacant post of vice president for human resources around 25 years ago. The country director asked me a difficult question:
“HOW WOULD YOU BUST AN EMPLOYEES’ UNION?”
My answer was clear: “I believe in industrial democracy and the rights of people to organize. Many unions that I have encountered are reasonable entities that were cooperative in pursuing the common interest of labor and management. In fact, it would be more costly for any organization to do just that.”
Then I cited many concrete examples to prove my point including a major pharmaceutical company that is spending more money for the salaries and benefits of their workers so they would not resort to establishing a union.
He was stone-faced and it was difficult for me to decipher his thoughts, until he raised another difficult question: “How would you prevent a union from coming in?” My answer was: “Management can’t prevent a union from coming in. That’s the job of a happy, contented and highly-motivated workforce. If the workers are happy, they will not need a union. And I’m not even talking of spending so much money to please people as there are many low-cost, zero-cash motivational strategies out there.”
You’re right. I didn’t get the job. But I’m happy as well because I was not part of a company that vanished because of a tumultuous labor situation resulting in a painful and difficult merger with a competitor.
Let me tell you this. My situation is similar to your own. We have all undergone a stressful job interviews. Job interviewers like to put candidates in an awkward situation and determine their capacity to react to real-world pressures. If the CEO knows what he’s doing, those questions may have been inspired by painful lessons in the past.
When an interviewer asks: “What would you do if you come to know that a colleague is stealing millions from the company?” that question may have been prompted by an actual, true-to-life story that happened in that same organization. Of course, some interviewers are clever enough to hide some facts in their vain attempt to confuse the candidates. But more often than not, those questions have been prompted by difficult situations that were encountered by that organization.
And so, how would you handle a stressful job interview? Just like my answers, you must be honest with yourself and your interviewer. Make it simple, clear, and easy. Be truthful to your personal mission, vision, and values in life. If you know what is right and wrong, what is legal and illegal, what is ethical and unethical, then it should be easy for you to handle any stressful job interview.
If it’s wrong, it should always be wrong. No ifs, no buts. Even if a stupid thing is being done by one thousand people, it remains a stupid thing. Therefore, state your answers without any conditions. There’s no point of giving answers that are pleasing to the ears of a prospective employer that both of you might regret. Be honest. Tell the CEO or whatever interviewer you encounter about your true feelings and beliefs. Chances are, if they believe in the same principles, they will respect you for that.
Don’t worry at all. Aside from what you may have said during a stressful job interview or series of interviews, any employer will decide based on your total package that includes your educational attainment, work experience, significant milestones in your career, and many related things.
If you were not hired, be thankful as you would not want to be imprisoned for helping the company evade tax. Neither would you want to be a part of an organization planning to violate the law, ethics and morals.
ELBONOMICS: If you want to conquer the anxiety of life, live and let live in peace.
 
Send anonymous workplace questions to elbonomics@gmail.com or via https://reyelbo.consulting