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Singapore ex-Transport minister faces 8 new charges in graft case

REUTERS

SINGAPORE — Singapore’s former Transport Minister S. Iswaran was handed eight more charges in a corruption case on Monday, the anti-graft body said, in one of the city-state’s highest-profile corruption scandals.

The additional charges involved allegations he obtained valuable items worth about S$18,956 ($14,077) while minister from an individual whose business had dealings with the Transport Ministry, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.

Mr. Iswaran now faces a total of 35 charges in a case that has gripped Singapore, a major Asian financial hub that prides itself on a squeaky-clean government that is rarely affected by graft and political scandal.

The last corruption case involving a minister was in 1986 when the national development minister was investigated for allegedly accepting bribes. The minister died before he could be charged in court.

Mr. Iswaran, 61, denies the charges according to local media reports.

Those include corruption and obstructing the course of justice, which were leveled on Jan. 18. If convicted of graft, he could be fined up to S$100,000 or face seven years in prison.

He was arrested in July last year and alleged to have obtained kickbacks worth S$384,340 ($286,181) from property tycoon Ong Beng Seng, partly to advance Mr. Ong’s business interests.

Charge sheets show the favors included tickets to football matches, musicals, a flight on Mr. Ong’s private plane and tickets to the Singapore Formula 1 Grand Prix. Iswaran was advisor to the Grand Prix’s steering committee, while Mr. Ong owns the rights to the race. — Reuters

Budgeting tips for struggling Gen Z as cost of living crisis makes it harder to save money

GABBY JONES/BLOOMBERG

GEN Z is struggling to save.

A higher cost of living, coupled with lower starting wages and student debt, is making it challenging for many to budget. This can delay important financial milestones like buying a house and saving for retirement. And it increasingly means young people are relying on the bank of mom and dad for longer, or even “doom spending” to soothe their economic despair.

So what are reasonable budgeting tips, even when costs are high? We asked financial advisors and here’s what they said.

SET GROUND RULES
When it comes to budgeting, setting some rules is a good place to start, said Mark Struthers, founder of financial planning company Sona Wealth.

The 50-30-20 rule, for example, recommends putting 50% of your income on basic needs, such as bills, rent and childcare costs, 30% on wants, such as restaurants and travel, and 20% on savings.

With the current cost of living, that model may seem impossible. But the rule can be tweaked, with the percentages changed to 70-20-10 or 80-10-10, for example, Mr. Struthers said. The structure allows for people to feel more in control of their finances and have some discipline.

“Even if the rule of thumb is not a perfect fit, it’s most often better than nothing,” he said.

TRACK EXPENSES
Another good budgeting tip is to track actual expenses, said Douglas Boneparth, founder of financial advisory firm Bone Fide Wealth. Having a detailed spreadsheet where you see where your money goes over a six-to-12-month period can help you get a better sense of what you spend money on and decide where to allocate spending.

“Knowing your data removes any guess work and helps you make better decisions around what, if any, changes need to be made,” he said.

Once you know how you want to allocate your money, using apps to help you keep track of expenses saves the hassle of doing it all manually. In the US, Goodbudget, Monarch Money and You Need A Budget create virtual envelopes that allow you to stick to specific targets. There are even apps such as Financielle and Your Juno where you can budget alongside other people to keep you motivated.

FIX AND FLEX
Another idea is to split your budget between what’s fixed and what’s flexible, said Sarah Paulson, owner of financial consultancy Valkryrie Financial. Setting autopayments for fixed amounts made every month, such as subscriptions, rent and students loans, and setting aside a fixed amount for savings means seeing the rest of your income as truly disposable, a flexed part of your budget that you can spend as you like.

Ms. Paulson said this approach allows for people to move away from a budgeting rule that makes them feel bad about spending, and instead lets them take control of what they want for themselves. She advises trying to get as close to 20% in savings as possible, although she says that includes 401(k) contributions and employer match.

“Then you can slice and dice your flexed budget how you want,” she said. If you want to go for a fancy celebration and spend the whole amount on one dinner, go for it. Just plan to eat frugally the rest of the month.

HAVE A ‘WHY’
Having a “why,” a clear reason why you want to achieve a certain savings goal — whether it’s to retire comfortably, buy a house, or spend money on something you want — are great ways to make sure you stick to it, said Mr. Struthers. The rest is about forming habits. Starting small with achievable goals and taking it step by step will help with savings in the long term. Setting up goals that are too out of reach is counterproductive as people usually end up dropping them.

“Don’t let perfect be the enemy of good,” Mr. Struthers said.

YEARLY EXPENSES
It’s important to make room for expenses that come once a year, said Selina Flavius, founder of UK-based advisory Black Girl Finance.

Expenses such as holidays, birthdays, car maintenance, housing insurance and taxes can hit a budget pretty hard, but often fall once or twice a year, not every month. It’s good to plan ahead and set some money aside every month for when those charges hit.

“Working backwards, looking at realistic time frames and factoring in bumps in the road can help you save reasonably,” she said.

‘FUN’ MONEY
Set some money aside for fun expenses, such as travel, a movie or a restaurant from time to time, said Ms. Paulson, or you’ll never be able to stick to your budget. Having a budget that allows no wiggle room for fun purchases can end up backfiring, she said, as people then tend to give up and overspend.

“Having some ‘fun’ money will help you stay motivated and on track to reach your goals in the long run,” she said. — Bloomberg

South Korea’s medical professors join protests, reduce hours in practice

TUNG NGUYEN-PIXABAY

 – Medical professors in South Korea said they will cut back on the hours they spend in practice starting on Monday to support trainee doctors on strike for more than a month over a government plan to boost medical school admissions.

“It is clear that increasing medical school admissions will not only ruin medical school education but cause our country’s healthcare system to collapse,” Kim Chang-soo, the president of the Medical Professors Association of Korea, told reporters.

He said the professors will start scaling back outpatient treatment to focus on emergency and severely ill patients, while some will submit their resignations.

The strike by the trainee doctors over a plan to increase the number of students admitted each year to medical school from 2025 has forced several hospitals to turn back patients and delay procedures.

The government says the plan is vital to remedy a shortage of doctors in one of the world’s fastest-ageing societies, but critics have said the authorities should focus on improving the working conditions of trainee doctors first.

The trainee doctors have been on strike since Feb 20, and President Yoon Suk Yeol, who has made healthcare reforms one of his signature policy initiatives, has vowed not to back down on implementing the admissions plan.

The government has also threatened to suspend the licenses of the doctors who have walked off their jobs but on Sunday, Yoon appeared to seek a more conciliatory approach and urged Prime Minister Han Duck-soo to seek “flexible measures” in dealing with the suspension.

Yoon’s office said he also ordered the prime minister to form a “constructive consultative body” to speak with all medical professionals.

According to a Gallup poll released on March 15, 38% said the government was doing a good job dealing with backlash from doctors and the medical void amid the doctors’ strike while 49% said “not a good job”. – Reuters

Charge up your EV while recharging your energy at SM Supermalls

The in-mall charging stations support e-vehicle brands such as Audi, BMW, Fiat, Ford, GMC, Mercedes-Benz, Porsche, Volkswagen, and Hyundai, among others.

Read on for some tips to maximize your time at SM while waiting for your EVs to charge

Good news for eco-friendly EV owners! You can find free EV Charging Stations (EVCS) at 50 SM malls nationwide. As the largest network of EVCS, SM Supermalls makes powering up your e-vehicle quick, convenient, and gives you access to countless activities and entertainment.

Here are just a few of the activities you can enjoy while powering up your EVs at SM Supermalls.

  1. Have a hearty meal at your favorite restaurant — or try something new!

SM Supermalls have numerous food options you can grab a bite from while waiting for your EV to charge. Dine in at your favorite restaurant, or be adventurous and try something new. Either way, you’re in for a treat, and maybe you’ll find yourself driving back to eat there again next time!

  1. Get your steps in by walking around the mall, and taking the perfect selfie!

SM Aura Premier and SM Megamall are well-known for their vast collection of destination shops, while SM City North EDSA boasts of its Sky Garden and Cyberzone, which has all the latest gadgets and gizmos. If you happen to be at SM Mall of Asia, you can enjoy the picturesque sunset at SM by the Bay while having a cup of coffee or any early dinner. There are a lot of places to discover at SM Supermalls, but if you just want to relax, you can get a massage, a facial, or maybe get your hair and nails done while you wait.

  1. Catch up on the latest movie offerings!
The SM Cinemas are the perfect place to unwind and enjoy some of the best films in comfort… and style!

Everyone knows watching a movie is the ultimate pastime, so why don’t you catch one while your EV is charging up? SM Cinemas have some of the latest blockbuster hits that you can choose from, with great snacks available at the Snack Bar. If you’re going to wait for your charging EV, spend it by keeping yourself entertained!

  1. Shop, shop, shop!

Time flies by when you’re having fun, and what’s more fun than going shopping around The SM Store? Browse each floor for everything and anything you’re interested in. Want a new pair of shoes? How about a brand new outfit for the next time you go out with family or friends? Or maybe you’re looking for items to spruce up your home — whatever it is, everything’s at SM!

SM Supermalls has a variety of options to choose from to make waiting more productive and fruitful. Next time you find that you need to charge your EV, head on to your nearest SM mall for an aweSM experience, without wasting a single minute of your time.

SM Supermalls’ EV Charging Stations support The SM Green Movement towards a greener planet. For more information on SM Supermalls’ sustainability efforts and a list of EV Charging Stations, visit www.smsupermalls.com and follow @smsupermalls on all social media accounts.

 


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Philippines summons China envoy over standoff, dares Beijing to seek arbitration

DND

 – The Philippines summoned China’s envoy on Monday to protest against “aggressive actions” in the South China Sea at the weekend, as Manila’s defense minister dared Beijing to bolster its vast sovereignty claims by taking them to international arbitration.

The foreign ministry accused China’s coastguard of using water cannon against a civilian boat supplying troops on Saturday at the Second Thomas Shoal, which it said damaged the boat and injured some crew, in the latest in a succession of flare-ups in the past year.

“China’s continued interference with the Philippines’ routine and lawful activities in its own exclusive economic zone (EEZ) is unacceptable,” the Philippine foreign ministry said in a statement, which announced the charge d’affaires of the Chinese embassy had been summoned and a diplomatic protest lodged in Beijing.

“It infringes upon the Philippines’ sovereign rights and jurisdiction,” it said, demanding Chinese vessels leave the area.

China’s coastguard said on Saturday it took necessary measures against Philippine vessels that were intruding in its waters.

China claims almost the entire South China Sea as its own, including the Second Thomas Shoal, which is within the Philippines’ 200 mile (320 km) EEZ.

The Philippines intentionally grounded an old warship at the shoal in 1999, as a means of bolstering its territorial claims and has kept a small contingent of military there ever since.

China’s foreign ministry insisted on Monday that the Philippines has reneged on a promise to tow away the ship, “violating the commitments it has made to the Chinese side on many occasions.”

But the Philippines has repeatedly denied making such a commitment, and has said it will not abandon its position at the Second Thomas Shoal.

China has deployed hundreds of coastguard vessel throughout the South China Sea to patrol what it considers its waters, despite a 2016 Permanent Court of Arbitration ruling in a case brought by Manila that said the claim had no basis under international law. China has refused to recognize that outcome.

Philippine security chiefs convened a high-level meeting on Monday over the incident to prepare recommendations to put to President Ferdinand Marcos Jr on ways forward in the dispute.

 

HEIGHTENED TENSIONS

Since taking power in 2022, Marcos has taken a tough line against what he sees as Chinese hostility and has refused to cave in to Beijing’s pressure to steer clear of features it claims.

The tensions come at a time when Marcos is seeking to deepen engagement with defense treaty ally the United States, including increasing base access for US troops and expanding military exercises to include joint air and sea patrols, developments China has viewed with suspicion.

Washington has said it stands with the Philippines as it condemned the “dangerous actions” of China. Japan, the United Kingdom, Germany, France, Canada and Australia have also issued statements of support for the Philippines.

“The U.S. is not a party to the South China Sea issue but repeatedly intervened, provoke the maritime issues between China and the Philippines,” Chinese foreign ministry spokesperson Lin Jian said at a press conference on Monday.

In comments likely to rile Beijing, Philippine Defense Secretary Gilberto Teodoro suggested on Monday that China should show the strength of its maritime claims through arbitration, rather than ambiguity.

“If China is not afraid to state its claims to the world, then why don’t we arbitrate under international law?” Philippines Teodoro told reporters.

“No country believes (their claims) and they see this as their way to use force, intimidate and bend the Philippines to their ambitions.” – Reuters

Russians lower flags in mourning, suspects charged in deadly concert hall attack

CROCUS CITY HALL in Krasnogorsk, Moscow, the scene of the Friday night attack. — COMMONS.WIKIMEDIA.ORG

 – Russia lowered flags to half-mast for a day of mourning and charged four men it accused of gunning down scores of people at a concert outside Moscow on Friday night in the deadliest attack inside Russia for two decades.

President Vladimir Putin declared Sunday a national day of mourning after pledging to punish all those behind the attack, in which 137 people were killed, including three children, and 182 were injured.

Over 100 people remained in hospital, some of them in a serious condition. Video footage showed a somber-looking Mr. Putin lighting a candle at a church at his residence outside Moscow on Sunday evening to honor those who died.

Earlier on Sunday, people laid flowers at Crocus City Hall, the 6,200-seat concert hall outside Moscow where four armed men burst in just before Soviet-era rock group Picnic was to perform its hit “Afraid of Nothing”. The men fired their automatic weapons in short bursts at civilians who fell screaming.

Islamic State has claimed responsibility for the attack, but Putin has not publicly mentioned the Islamist militant group in connection with the attackers, who he said had been trying to escape to Ukraine. He said that some on “the Ukrainian side” had been prepared to spirit the gunmen across the border.

Ukraine has denied any role in the attack.

Moscow’s Basmanny district court on Sunday charged four suspects with acts of terrorism in connection with the attack, naming them as Dalerdzhon Mirzoyev, Saidakrami Rachabalizoda, Shamsidin Fariduni, and Muhammadsobir Fayzov, according to Moscow courts’ official Telegram channel.

It said the men, identified by Russian media as all being citizens of the ex-Soviet republic of Tajikistan living in Russia, would be remanded in pre-trial custody until May 22. Three of the four had pleaded guilty to all charges, it said.

After unverified and brutal videos of the suspects’ interrogations circulated on social media, courtroom images published by Russian media showed one suspect was brought in on a wheelchair apparently missing an eye, another had a bandage where his right ear should be, another had a black eye and a ripped plastic bag around his neck, and a fourth suspect with a swollen face seemed disoriented and struggling to keep his eyes open.

Friday’s attack was the deadliest on Russian territory since the 2004 Beslan school siege, when Islamist militants took more than 1,000 people hostageMore than 300 people died at the time, more than half of them children.

Dmitry Medvedev, deputy chairman of Russia’s Security Council, said Russia would target those behind the deadly shooting wherever they were from and whoever they were.

He had previously spoken of the need to meet “death with death” and some lawmakers have begun to discuss whether the death penalty should be re-introduced.

Across Moscow, billboards carried a picture of a single candle, the date of the attack and the words “We mourn”.

Countries around the world have expressed horror at the attack and sent their condolences to the Russian people.

 

GUNMEN

Mr. Putin said 11 people had been detained, including the four suspected gunmen, who fled the concert hall and made their way to the Bryansk region, about 340 km (210 miles) southwest of Moscow.

“They tried to hide and moved towards Ukraine, where, according to preliminary data, a window was prepared for them on the Ukrainian side to cross the state border,” Mr. Putin said.

Russia’s Federal Security Service (FSB) said the gunmen had contacts in Ukraine and were captured near the border.

Mr. Putin ordered a full-scale invasion of Ukraine in February 2022, something he called a special military operation needed to protect Russia and Russian-speakers in Ukraine.

Ukrainian President Volodymyr Zelenskiy has accused Putin of seeking to divert blame for the concert hall attack by referring to Ukraine.

Islamic State, the Islamist group that once sought control over swathes of Iraq and Syria, claimed responsibility for the attack in a Telegram statement from the group’s Amaq agency. On Saturday night, Islamic State released on its Telegram channels what it said was footage of the attack.

In video footage published by Russian media and Telegram channels with close ties to the Kremlin, one of the suspects said he was offered money to carry out the attack.

“I shot people,” the suspect, his hands tied and his hair held by an interrogator, a black boot beneath his chin, said in poor and heavily accented Russian.

When asked why, he said: “For money.” The man said he had been promised half a million roubles (a little over $5,000). One was shown answering questions through a Tajik translator.

Unverified footage posted to Russian Telegram channels appeared to show one of the suspects being tortured with electric shocks in detention. Reuters could not verify its authenticity.

 

ISLAMIC STATE

The White House said the US government shared information with Russia early this month about a planned attack in Moscow, and issued a public advisory to Americans in Russia on March 7. It said Islamic State bore sole responsibility for the attack.

“There was no Ukrainian involvement whatsoever,” US National Security Council spokesperson Adrienne Watson said.

Russian officials have bristled at the US public comments on the attack, the first of which were made shortly after news of the attack had broken, and say Russian investigators must be allowed to make their own findings. – Reuters

Australia to recommend minimum wage rise in line with inflation

STOCK PHOTO | Image by Rebecca Lintz from Pixabay

 – Australia’s government will support a minimum wage increase in line with inflation this year as low-income families continue to grapple with costs of living, although the rise would be smaller as inflation eased.

In a submission to the Fair Work Commission’s 2023-24 Annual Wage Review to be unveiled on Thursday, the Labor government will recommend the increase to ensure “the real wages of the low-paid workers do not go backwards”, a position the government has held in the last two years.

“Certainly the expectation is that the minimum wage will be lifted. What we’re trying to ensure is that people on the lowest pay in our economy and in our country don’t go backwards,” Treasurer Jim Chalmers said in an TV interview on Monday.

“This is all about ensuring that people can earn more… And that’s because we recognize that these cost-of-living pressures do fall disproportionately on the lowest paid in our workplaces.”

Last July, the FWC hiked the minimum wage by 5.75% as costs of living surged, a decision some had feared would further stoke inflation. However, there has been no sign of a damaging wage-price spiral and inflation has slowed to two-year lows of 3.4% from a peak of 8.4%.

The Reserve Bank of Australia sees inflation edging down to 3.3% by June 2024.

The Labor government has also pledged more costs of living relief in the upcoming budget in May. It will deliver tax cuts for every taxpayer from July this year. – Rueters

Britain plans to boost nuclear workforce

STOCK PHOTO | Image by Markus Distelrath from Pixabay

 – Prime Minister Rishi Sunak will set out plans to boost Britain’s nuclear workforce on Monday, as increased submarine building and the growing needs of the nuclear energy industry are forecast to create 40,000 new jobs by 2030.

The government will partner with defense companies BAE Systems, Rolls-Royce and Babcock plus energy giant EDF to invest more than 763 million pounds ($961 million) by the end of the decade in skills, jobs and education, it said in a statement.

The government needs to ensure there are sufficient nuclear workers to help build and maintain its fleet of submarines, vital for defense and security as they are the basis of the UK’s continuous at-sea nuclear deterrent.

“Safeguarding the future of our nuclear deterrent and nuclear energy industry is a critical national endeavor,” said Mr. Sunak, who will on Monday visit Barrow-in-Furness in the northwest, where Britain’s nuclear submarine industry is based.

“Today we usher in the next generation of our nuclear enterprise, which will keep us safe, keep our energy secure, and keep our bills down for good.”

Britain’s nuclear submarine industry will expand in the coming years as new boats are built for the UK, and also Australia under the AUKUS security pact.

Further details on how Britain will deliver the capabilities necessary for to maintain its nuclear deterrent will be published by defense secretary Grant Shapps on Monday in the “Defense Nuclear Enterprise Command Paper”, Mr. Sunak’s office said.

As part of it plans to boost the nuclear workforce, the government said it will invest 200 million pounds in Barrow over the next decade to help support people into jobs, improve the area’s transport infrastructure and build more homes. – Reuters

For mineral-rich Philippines, green metals rush is a balancing act

A back hoe loads soil containing nickel-ore minerals into a barge in the mining town of Sta Cruz Zambales in northern Philippines February 8, 2017. Picture taken February 8, 2017. REUTERS/Erik De Castro

 – As the Philippines works to ramp up mining to meet global demand for metals crucial to the green energy transition, environmental groups are demanding strict limits to protect nature and Indigenous lands.

The Philippines has the world’s fourth-largest copper reserves, fifth-biggest nickel deposits and is also rich in cobalt – all of which have important uses in clean energy technologies, from lithium-ion batteries for electric vehicles (EVs) to solar panels.

Mineral requirements for renewable energy technologies must be quadrupled by 2040 to reach the goals of the Paris Agreement, and the World Bank estimates a 500% increase in the demand for transition minerals.

That is encouraging mineral-rich countries like the Philippines, where mining is relatively undeveloped and only accounts for 1% of gross domestic product (GDP), to boost their production of so-called critical minerals.

But with nearly two-thirds of the Philippines’ mineral reserves lying on Indigenous lands, environmental and rights campaigners are demanding new legislation to limit mining activity to the minimum needed for the green energy switch.

“Mining is a necessary evil in our civilization and daily life. But we believe in mining anchored on just minerals transition, or mining what is absolutely necessary and sourcing them responsibly,” said Maya Quirino, advocacy coordinator at the Legal Rights and Natural Resources Centre (LRC), a local nonprofit that works for Indigenous and environmental rights.

“For example, gold is not essential to the energy transition,” she told Context.

Ms. Quirino’s organization is leading calls for a new mining law that would only permit the “indispensable extraction” of critical minerals. It also seeks to prohibit destructive open-pit mining, or mining in sensitive ecosytems, and hike taxes on the companies to give great benefits to local communities.

A draft bill filed by lawmakers and supported by the LRC in 2021 is still pending in Congress, but its backers are working to gain more support this year from legislators.

 

JUST TRANSITION?

Globally, the area covered by mines has doubled over the past three years, driven by demand for critical minerals, according to a 2023 study by LRC.

In the Philippines, the group says, that has exacerbated mining’s negative impacts on people and the environment – whether by depleting water supplies or forcing Indigenous peoples to move elsewhere.

Mining projects in the Southeast Asian country have often prompted protests by Indigenous people and disputes over their land rights, and the impact of mines on the environment, including water supplies.

Recent examples include the Tampakan and Didipio gold and copper mines in South Cotabato and Nueva Vizcaya provinces, where local communities have protested over pollution and water shortages they blame on the mines.

“Since 2017, we could no longer farm on my father’s land because it dried up. Many farmlands here no longer function due to irrigation issues,” said Myrna Duyan, a member of the Tuwali indigenous group who lives near the Australian-owned open-pit Didipio mine.

Ms. Duyan said some Indigenous people had been displaced by the mining, while others said it had split the community between those opposed to the mine and those who saw it as a welcome economic boost.

Despite the perceived economic benefits, “most of the taxes from mining goes to the national government and not to the local communities”, said Ms. Quirino, whose group says the royalties paid by mining companies should be hiked.

Under current laws, miners pay 4% in excise tax to the state and 1% in royalties to Indigenous communities.

While Philippine President Ferdinand Marcos Jr. has vowed to overhaul the industry’s tax regime, the proposed minerals management bill is not among his priority measures and he has not commented publicly on campaigners’ wider demands.

The bill, which seeks to raise the current excise tax and royalties to 10% each, also seeks heavier fines on individuals and corporations for human rights and environmental harms.

“If we don’t have a framework anticipating the huge demand for minerals, we will only open the country to mining that only promises money but without a nuanced approach to our resources,” said Ms. Quirino. – Reuters

PHINMA Corp. announces Annual Stockholders’ Meeting on April 23 at 10:00 a.m.

 

 


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Mondelez International inspires inclusion

'#InspireInclusion She-ssions' held by Mondelez International last March 4

Celebrates International Women’s Month by leading discussions on DEI, joining Women’s Run PH

Mondelez International, a leading global snacks company, proudly inspired inclusion during its Women’s Month celebration activities in the Philippines with a commitment to foster Diversity, Equity, and Inclusion (DEI) inside and outside its workplace. To empower the women in their organization, the company’s ambition is to continuously grow the number of women leaders in its organization.

Talking, Leading, and Running for Women Empowerment

Parañaque City Vice-Mayor Joan Villafuerte

As part of its commitment to DEI, Mondelez International hosted three events for its colleagues and stakeholders this March. The first one was the “#InspireInclusion She-ssions” held last March 4, which was a panel discussion on empowering women in the workplace. This event served as a platform for thought leaders, advocates, and professionals to engage in dialogue surrounding the vital importance of women’s empowerment in today’s landscape. The event featured women leaders within the organization from Sales and Manufacturing; as well as external speaker Audrey Dimarucot, mom, entrepreneur, and owner of clothing brand googooandgaga; and Parañaque City Vice-Mayor Joan Villafuerte, who shared her insights on women in government and how to inspire inclusion in the country. Mondelez International has called Parañaque City its home for the past 61 years, and the company looks to its leaders to share insights on promoting DEI.

“The more that people are invited, the more they are involved and the more that they follow policy,” shared Ms. Villafuerte. “For me that is inclusion. It means empowering people to speak up, empowering people to participate, and making them realize that they are part of government.”

In a significant stride towards inclusion, the company welcomed its first Filipino woman managing director in 15 years — Aleli Arcilla. This milestone not only underscores the company’s commitment to promoting female leadership but also exemplifies the tangible strides towards gender parity within its ranks.

Ms. Arcilla was recently herself a panelist during the second event, the “Building Inclusive Workplaces” session, hosted by the Makati Business Club last March 1.

“At Mondelez Philippines, we understand that diversity fuels creativity, equity promotes fairness, and inclusion fosters belonging,” said Ms. Arcilla. “These principles are not just aspirational; they are integral to our workplace culture and essential for driving long-term success in an ever-evolving snacks industry.”

In addition to these discussions, Mondelez International sought to show woman power by participating in a third event, the Filipina CEO Circle (FCC) Women’s Run PH, further demonstrating its solidarity with the broader movement towards gender equality. 20 women employees joined the run, proof that women are strong and ready to take on the world. The runners were from different departments, from Finance, Marketing, Sales, HR, and Logistics and was also part of the company’s wellbeing initiatives.

Calling Women Leaders to the Front

Mondelez International proudly boasts a leadership composition comprising 69% women, indicative of its steadfast dedication to providing equal opportunities for career advancement and professional growth. In alignment with its broader commitment to Economic Inclusion and Supplier Diversity (EISD), the company also collaborates with women-owned businesses within its supply chain. Through training and empowerment sessions, the goal of the engagement is to help support the growth of these businesses.

Through these initiatives and achievements, Mondelez International reaffirms its steadfast commitment to fostering a workplace culture that celebrates diversity, champions equity, and ensures the inclusion of all voices.

 


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Celebrating Women Who Lead at EastWest Ageas

The strides that the women’s empowerment movement has made have been remarkable and truly worth celebrating. When women are empowered, we are ensuring the health and societal development of families, communities, and countries.

That’s why this Women’s Month, we ask these four women leaders’ advice on how to advocate for yourself and make your own mark in the world:

Weng, Chief Operating Officer  

Weng is always looking at the big picture and feels the most empowered when she knows how she can contribute something of value to her people, whether by action or example. And in her personal time, this wife and mom feeds her fantasy needs by reading fiction favorites like Harry Potter and Percy Jackson.

Weng’s advice on making your mark  

“You do you. Be your own version, with your own brand of leadership and competencies. And always learn for yourself, add value to yourself, even as you continue to provide value to your customers, shareholders, and fellow employees.”

Lois, Chief Human Resources Officer  

This NBA enthusiast looks to Golden State Warriors point guard, Stephen Curry, for embodying the qualities of a leader. She finds his use of his own personal brand and impact to better the sport and other causes deeply inspiring. This same thinking is what Lois applies as she builds a culture of purpose and influence where Stewards become business enablers while still developing their own personal growth. 

Lois’s advice on how to lead  

“We live in a fortunate time where women’s empowerment is celebrated. Let’s give the world something to truly celebrate by ensuring we lead with integrity and grace. We owe it to the people we lead to take our roles seriously and show we are more than qualified to be where we are.” 

Martha, Chief Bancassurance Officer   

Driving collaboration and creating new solutions is what she likes best about her role. Martha enjoys meeting the various needs of our customers and the people as well. But more than just being a leader, she is a mother who always makes it a point to treasure the moments she spends with her family.

Martha’s advice on empowering yourself  

“Always believe in yourself and your abilities. Never underestimate your potential to make a difference, and always remain tough and determined. And make sure to find fulfillment in balancing your work with the priceless moments of connection and love in your life.” 

Rachelle, SVP, Head of Product Pricing and Management  

When it comes to life, Rachelle always makes sure that she gives her very best. And her key to this is ensuring that she has plans in place. But her role as a mother has led to her realization that life offers much more when you open yourself to more unexpected opportunities. 

Rachelle’s advice on taking risks  

“Take chances. Get out of your comfort zone. Just try. Never deprive yourself of opportunities just because you are scared. You will learn as you go, and you will find out that you can do it. You just must take chances and bet on yourself.” 

Even with the advances women now experience, society still has a long way to go to be truly equal. According to the Women’s Empowerment Principles, penned by the UN Women and UN Global Compact, there are a myriad of ways to continue empowering women in the workplace and community.

Whether it’s promoting their professional development, championing equality through initiatives and advocacy, or ensuring all workers are treated fairly, a lot can be done and can still be done for gender equality. 

And here at EastWest Ageas, we ascribe to that principle in making sure we are a #GreatPlaceToGrow.

 


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