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Asia CEO Awards 2024 recognizes names, brands uplifting PHL to the global stage

By Angela Kiara S. Brillantes, Special Features and Content Writer

Businesses, both big and small, are the cornerstone of economies, driving growth and development in a country. Behind these businesses are visionary leaders, the ones steering their own businesses to success and eventually contributing to the progress of their industries and the economy in general.

Many of these businesses, sectors, and their leaders were recognized in this year’s Asia CEO Awards, a highly-recognized annual award celebrating the commitment of our very own business and leaders to excellence.

Presented by Robinsons Land Corp. (RLC), together with knowledge partner PwC Philippines, Asia CEO Awards 2024 welcomed to its Circle of Excellence entrepreneurs, chief executive officers (CEOs), and companies that are elevating the local business landscape.

Asia CEO Awards Chairman Richard Mills shared that this year’s Asia CEO Awards 2024 reflects the Philippines’ further rise in the global stage as the event attracted more than 1,000 of the nation’s most amazing leaders and brought numerous Circle of Excellence Awardees and Grand Winners, who for Mr. Mills were the best in the 15-year history of Asia CEO Awards.

Asia CEO Awards Chairman Richard Mills and Asia CEO Events President and Chief Executive Officer Rebecca Bustamante

“As the Philippines continues its steady ascent to first-world status, the quality and diversity of nominations has expanded tremendously,” Mr. Mills said in his congratulatory message. “Most award categories had 40-50 nominations from which the Board of Judges had great difficulty choosing the Circle of Excellence and Grand Winners for 16 awards. It all made for an exciting event. We can’t wait to see what happens in Asia CEO Awards 2025.”

With the theme “Fortune Favors the Philippines,” this year’s awards highlight the significant contribution of this year’s awardees to uplifting the country further to agility and competitiveness in the global stage.

PwC Philippines Assurance Managing Partner Aldie P. Garcia explained the judging process.

“To [the grand] winners and [those in the] Circle of Excellence: Your achievements not only set new benchmarks in your respective fields but also inspire the next generation of leaders across Asia. Your stories of triumph often in the face of significant challenges are a testament to the resilient and innovative spirit that defines our region,” Aldie P. Garcia, Assurance Managing Partner of PwC Philippines, said in his message during the awards night.

Asia CEO’s Board of Judges and executives gathered for a grand toast during the awards night.

Held last Oct. 8 at the Marriott Grand Ballroom in Pasay City, Asia CEO Awards 2024 recognized notable players and organizations in different categories that celebrate the best in business, technology, innovation, and sustainability, among others.

The awards honored the Lifetime Contributor Awardees for 2024 to notable figures in the private and public sectors. Representing the private sector, Ramon R. Del Rosario, Jr., chairman and CEO of PHINMA Corp., was the recipient of this year’s Lifetime Contributor Award. The first lifetime recognition for Mr. Del Rosario, this accord reflects PHINMA Corp.’s unwavering commitment to contribute meaningfully to building a stronger Philippines.

PHINMA Corp. Chairman and CEO Ramon R. Del Rosario, Jr. received this year’s Lifetime Contributor Award for the Private Sector.

“At PHINMA, we always adhere to the mission our founder set nearly 70 years ago—to be an active participant on building. This we pursued for most of our 50 years by helping build our country’s industrial base and establishing enterprises. But, it was building and expanding our country’s cement industry that PHINMA has made its largest contribution,” Mr. Del Rosario said in his speech.

“While we at PHINMA are proud of our accomplishments, there is so much more that needs to be done and so much more that can be done. If we in business link arms, collaborate, join forces and work together with the common purpose of making lives better. Business is more than profits; it has a major role in nation-building and making lives better. Business can and must be a force for good,” he added.

In the public sector, receiving the Lifetime Contributor accolade is Secretary Ralph G. Recto of the Department of Finance (DoF), who was recognized for his notable contributions in public service, particularly to nation-building and economic development.

Finance Secretary Ralph G. Recto is recognized as the Lifetime Contributor Award for the Public Sector this year.

“On the part of DoF, I assure you that the doors will always be open to you, and we will do everything within our power to help you succeed because in your every success, every Filipino and the entire Philippines wins too. In short, we are covering all fonts, making sure that you make more money to grow the economy, make more jobs, increase our people’s income, and lift more Filipinos out of poverty,” Mr. Recto said.

RLC Residences Senior Vice-President and Business Unit General Manager and Robinsons Land Chief Marketing Officer Chad B. Sotelo shared his welcome remarks during the awards night.

Snagging Asia CEO’s recognition for service excellence is business process outsourcing (BPO) company VXI Global Holdings BV Phils, which was named as the Service Excellence Company of the Year. Other honorees for this category include Airspeed; ASUS Phils. Corp.; CGI Phils, Inc.; ING Hubs BV Philippine Branch; Inventi Intellectual Holdings Corp.; RELX Reed Elsevier Philippines; Seda Hotels; Sprout Solutions; Social Security System (SSS); Theos Cyber Solutions, Inc.; and Wipro Phils, Inc.

Showcasing its commitment to world class governance is the Polytechnic University of the Philippines, winning the award for White & Case Governance Organization of the Year. Also recognized for this category are Cloudstaff; Immuni Global, Inc.; Land Bank of the Philippines; Tech Mahindra Limited; and Zenutna Holdings Corp. (ZHC).

Notable recognitions were also given to leaders who show remarkable achievements within their respective fields. Among them are Chino San Diego, co-owner of What’s Your Flan International; and Sanjiv Kumar Gupta, president and country head of IBM Solutions Delivery, Inc., taking home the titles of Entrepreneur and CEO of the Year, respectively.

This year’s CEO of the Year honorees include the following: Alan Jones, CEO of Asia Energy Company (AECO) Pte. Ltd.; Anand Achuthan, global head of Tech Mahindra Ltd.; Aseem Roy, country head of Wipro Phils., Inc.; Cesar L Wee Jr., president and CEO of Wee Community Developers, Inc.; David L. Rafael, president and CEO of Aboitiz Land, Inc.; Ivy Ledres, general manager of Insight Direct Phils. LLC; Jaeger Tanco, president and CEO of Phil Care; Jennire S. Torres, country head and CEO of Atos; Jesus Joey Marcelo, CEO of Sante International, Inc.; and Patrick Gentry, CEO of Sprout Solutions.

Meanwhile, honorees under the Entrepreneur of the Year category are Eric Peter Roxas of Pure Energy; Felix Veroya of Ask Lex PH Academy; Jason Romeo Valderrama of JCV & Associates Project Management & Development, Inc.; Jettson Yu of PRIME Philippines; Jonathan So and Carlito Macadangdang of JC Premiere; Karen Jane Salutan-Krukover of EdukSine Production Corp.; Malou Prado of MPQ Travel & Tours; Marydae Hannah Ramos of Chizmozza; Nathaniel Marquez, MNSA of Ebizolution, Inc.; Raemin Reyes of Motovita; Regieno G. Valencia of Interior Construction Services; Ricardo Cuna of Kurimi Milk Tea Bar; and Robert Jordan, Jr., of Asialink Finance Corp.

The Asia CEO Awards also celebrates young and talented leaders who are driving transformative change within the sector. Among these leaders, the Young Leader of the Year Award went this year to Lenard G. Jabolin, president of Casapa Livestock Raisers Association, Inc.

Other young leaders bestowed for this award are Cindy Burdette, chief commercial officer of KonsultaMD; Felix Concepcion Veroya, founder and CEO of Ask Lex PH Academy; Jettson P. Yu, founder and CEO of PRIME Philippines; Lcid Crescent Fernandez, chief executive officer of Prometheus Productions OPC; Maria Isabela Blancas, owner and founder of One Closet; Ralph Ray Dacay Chua, president and chairman of the board at Immuni Global Inc. and Shireli Manufacturing Company; and Regieno G. Valencia, owner of Interior Construction Services.

Recognized trailblazers of the tech space among this year’s grand winners are energy company Citicore Renewable Energy Corp. and Macario Solis Fojas, founder and president of Seven Seven Global Services, Inc., who are the title holders for Technology Company and IT-BPM Techblazer of the Year, respectively.

For Technology Company of the Year, other honorees are Aboitiz Land, Inc.; Ask Lex PH Academy; Concentrix Philippines; Datamatics Global Services Corp.; GoTyme Bank; Hytec Power, Inc.; Inventi Intellectual Holdings Corp.; KonsultaMD; Land Bank of the Philippines; Lexmark Research and Development Corp.; PCCW Solutions, Inc.; and UNO Digital Bank.

Meanwhile, honorees under the IT-BPM Techbalzer of the Year category are Elias Patrick Salazar, delivery head of Tech Mahindra Limited; Jacob Catayoc, chief technology officer of EdukSine Production Corp.; Kamal Asarpota, CEO of Eastvantage; Lloyd Ernst, founder and CEO of Cloudstaff; Praveer Chadha, senior vice-president of Customer Management Solutions at Datamatics Global Services Corp.; Rosette Carrao, managing director of delaware Philippines; and Shiju Varghese, country head of Tata Consultancy Services (Philippines), Inc.

The Company of the Year Award went to global technology and services company Concentrix Philippines, while the Most Innovative Company of the Year was awarded to Pili AdheSeal, Inc., a sustainable startup found to be leading with innovative initiatives.

Top contenders for Most Innovative Company of the Year are Cloudstaff; Concentrix Philippines; Eastvantage; GoTyme Bank; Lexmark Research and Development Corp.; LSEG (London Stock Exchange Group); Rizal Commercial Banking Corp. (RCBC); RUSH Technologies, Inc.; TDCX (PH), Inc.; Teleperformance; and UNO Digital Bank.

For Company of the Year award, the honorees of this award are Clark Development Corp.; Filinvest land, Inc.; Home Credit Philippines; IBM in the Philippines – Consulting Client Innovation Center (CIC); MicroSourcing Philippines, Inc.; Pru Life UK; Sante International, Inc.; Sun Life of Canada (Philippines), Inc.; and UHS Essential Health Philippines, Inc.

Notable organizations were also honored for their impressive efforts in sustainability and environmental stewardship. One prime example is the Bank of the Philippine Islands (BPI), which has shown unwavering commitment to sustainability as it has been recognized as the Sustainability Company of the Year for three consecutive years now. This category also recognized the following companies: Avida Land Corp.; Ayala Land, Inc.; Booth & Partners Philippines, Inc.; Cognizant Technology Solutions Philippines, Inc.; Genpact Philippines; Metro Pacific Tollways Corp.; Newport World Resorts; Personal Collection Direct Selling, Inc.; and RCBC.

Meanwhile, SM Foundation is named the CSR Company of the Year. SM Foundation has been a key player for corporate social responsibility and continues to stand out in driving impactful initiatives across sectors. Also recognized for their CSR initiatives are Amazon Operation Services Philippines, Inc.; Chevron Holdings, Inc.; IBM; Innodata Knowledge Services, Inc.; Maybank Philippines; Megaworld Foundation, Inc.; Merck Business Solutions Asia, Inc.; NEARSOL; Philippine Manufacturing Co. of Murata, Inc.; PJ Lhuillier, Inc.; Port Management Office of Surigao of the Philippine Ports Authority; Teleperformance; The Medical City Clark; and Tsuneishi Technical Services (Phils.), Inc.

Setting great examples and pioneering diversity as a strength, Shopee Philippines, Inc. claimed the title for Diversity Company of the Year. The e-commerce platform is seen as one that celebrates unique individual differences and making an inclusive workplace that focuses on the strengths and performance of their people.

Recognition for the said category were also sent out to the following companies: DDB Group Philippines; DXC Technology Philippines; Foundever Philippines; Genpact Philippines; Home Credit Philippines; Northern Trust; Sun Life Global Solutions Philippines; Sutherland Global Services Philippines, Inc.; Synchrony Global Services, Inc.; Tech Mahindra Limited; Teleperformance Philippines; and Ubisoft Philippines.

Furthermore, in celebration of diversity in leadership, the Asia CEO Awards honored women leaders who exemplify leadership excellence, making positive impacts to their communities and continuously inspiring fellow leaders along the way. Winning the Woman Leader of the Year is Cherrie De Erit Atilano, founding farmer, CEO, and president of AGREA Agricultural System International, Inc. Her leadership in agriculture is seen to be transforming the industry, making farming more attractive and pushing sustainability and food security in local communities.

“I think the most important thing for women to be successful is to empower more women. If you’re given more responsibility at the top, your responsibility is even bigger to uplift lives of women from the ground. I was coming from a Women Food Producers Association where we brought more than 100 people from women all over the countries who are farmers feeding their family every single day. So, I’m really grateful in my advocacy in food security, nutrition, and [farming],” Ms. Atilano said in her speech.

Aside from Ms. Atilano, other remarkable woman leaders included in the Circle of Excellence this Year are: Abigail Tina M. Del Rosario, country director for the Philippines and president & CEO of Maybank Philippines; Aleli Arcilla, vice-president and managing director of Mondelez Philippines, Inc.; Alex Gentry, co-founder of Sprout Solutions; Agnes Vicenta Salayo Torres Devanadera, president and CEO of Clark Development Corp.; Beatriz Latay, chief executive officer of KonsultaMD; Coy Ordonez, country executive of Northern Trust; Elizabeth Digna Ventura, president of Anchor Land Holdings; Maria Catalina Estamo Cabral, undersecretary for Planning and PPP Services at the Department of Public Works and Highways; Jemima Villa, country head of Innodata Knowledge Services, Inc.; Lourdes T. Gutierrez-Alfonso, president of Megaworld Corp.; Ma. Gilda “Gigi” Alcantara, president of PH1 World Developers, Inc.; Martha Sazon, president and CEO of GCash; Mel Migrino, country head and Southeast Asia Regional Director of Gogolook Co. Ltd.; Rosemarie P. Rafael, chairperson and president of Airspeed; and Vivian Que-Azcona, president of Mercury Drug Corp.

Asia CEO Awards recognized Ubisoft Philippines as the Wellness Company of the Year. Honorees in this category are BPI; Cognizant Technology Solutions Philippines, Inc.; Fluor Daniel, Inc. — Philippines; Hewlett Packard Enterprise; IBM in the Philippines; KonsultaMD; Quantrics; Shopee Philippines, Inc.; Tech Mahindra Limited; VXI Global Holdings B.V. (Philippines); and Zenutna Holdings Corp. (ZHC).

Small and medium-sized enterprises were also commended by Asia CEO Awards, with international freight forwarding services company Angkat PH winning the award for SME Company of the Year. Companies who are also included in this category are Aficionado-Central Affirmative Co., Inc.; Asialink Finance Corp.; Asian Consulting Group; Devteam Outsourcing, Inc.; EBIZOLUTION, Inc.; EdukSine Production Corp.; Motovita; Prometheus; PSO Manila | Pepper Money; and Tent King.

Big wins were also celebrated in the fintech industry as GCash was crowned as Top Employer of the Year. Other employers acknowledged in this category are Ayala Land, Inc.; BPI; Concentrix Philippines; Foundever Philippines; Gardenia Bakeries (Philippines), Inc.; Hewlett Packard Enterprise; HSBC Electronic Data Processing Philippines, Inc.; IBM in the Philippines — Consulting Client Innovation Center (CIC); ING Hubs Philippines; Macquarie Group Services (Philippines), Inc.; Magsaysay Maritime Corp.; MicroSourcing Philippines, Inc.; RELX | Reed Elsevier Philippines; Sun Life of Canada (Philippines), Inc.; and Wipro Philippines.

Composed of the nominees, grand winners, and lifetime achievement awardees, over 130 awards were given in this year’s Asia CEO Awards earlier this October in Manila Mariott Hotel.

More than just an event, the Asia CEO Awards has been standing as a platform that showcases excellent organization and individuals within the Philippine business community who have significantly shaped the dynamic business landscape — demonstrating how the Philippines can further elevate into the global stage.

“15 years ago, the economy we saw was very small in the Philippines; but since it has grown, it has been an amazing site to behold. The Philippines is on a roll, different people from different countries are all amazed at the growth and opportunities that there are in the Philippines,” Mr. Mills said.

Home Credit Philippines welcomes 11th year of empowering Filipinos through financial inclusion

With close to 11 million customers served since its establishment in 2013 and over P350 billion worth of loans disbursed to date, Home Credit Philippines (HCPH), the leading consumer finance company in the Philippines, continues to develop innovative financial solutions and credit opportunities, enabling Filipinos to achieve their goals and live more fulfilling lives.

Meeting the evolving needs of Filipinos

HCPH has consistently adapted to the changing financial landscape, offering various credit products and value-added services. From product installments and cash loans to credit cards and Home Protect (coverage plans), HCPH caters to the evolving financing needs of Filipinos, ensuring they can access the financial solutions they require at various stages of their lives.

“In our 11th year and having served almost 11 million customers now, Home Credit is continuously committed to being the financial ally of every Filipino, empowering them at every stage of their lives. We’ve diligently expanded our Sales Networks nationwide, reaching 75 out of 81 provinces to make our solutions accessible to those who need them the most,” said David Minol, Chief Executive Officer of HCPH.

Responsible Lending and Building Trust

HCPH is a champion of responsible lending practices. Coupled with flexible repayment options and a commitment to fostering healthy borrower-lender relationships, the company has earned the trust of its growing customer base.

Home Credit Philippines’ acquisition in 2022 by Krungsri (Bank of Ayudhya PCL), Thailand’s fifth-largest bank, and Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group, has significantly bolstered the company’s mission to empower more Filipinos. This strategic partnership has granted HCPH access to substantial financial resources, enabling a stronger commitment to expand access to credit opportunities for more Filipinos. Additionally, the infusion of expertise from these global financial giants is poised to further HCPH’s growth trajectory.

HCPH is also a trusted partner to a vast network of reputable local and international banks. These partnerships serve as a testament to its longstanding credibility as a key player in the Philippine consumer finance landscape.

A Wide Range of Financed Products

HCPH has also expanded its product portfolio significantly. Initially financing just four types of products (smartphones, televisions, computers, and laptops), the company now offers over 80 types of commodities–the widest selection of any consumer finance company in the Philippines. This includes tablets, e-bikes, motorcycles, musical instruments, furniture, farming equipment, medical needs, and more.

Understanding motorcycles’ crucial role in transportation and delivery services in the Philippines, HCPH launched its first-ever motorcycle financing program in partnership with Emcor Philippines, a leading motorcycle retailer.

Promoting Innovation and Digital Inclusion

HCPH prioritizes a seamless and user-friendly customer experience through technology and digital channels. The Home Credit app serves as a central hub, offering customers access to services, information on retailers, available products, and installment plans. This app marketplace also benefits retailers, many of which are MSMEs, by promoting their businesses and facilitating customer browsing, price comparisons, and loan eligibility checks.

Aligned with the government’s digital payment initiatives, the app allows customers to settle bills and buy loads conveniently. This digital transformation underscores HCPH’s commitment to innovation and fostering a more inclusive financial landscape.

Furthermore, HCPH introduced Shoppingmall.ph, an online marketplace where customers can explore over 50,000 deals from over 500 merchants, allowing them to find the products they need at the best prices and from their preferred partner shops among HCPH’s 15,000+ network nationwide.

Looking Forward: A Decade of Continued Growth

As HCPH enters a new decade, the company remains dedicated to empowering Filipinos through a broader range of financial solutions, increased store locations, innovative technologies, and customer-centric services. The company is committed to making credit more accessible and staying true to its core value: being every Filipino’s financial ally, para sa life (for life).

 


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Driving Transformation in the IT-BPM Landscape and Beyond

Mac Fojas together with the rest of the Circle of Excellence Awardees and presenters for the IT-BPM Techblazer of the Year category at the Asia CEO Awards

Mac Fojas, the IT-BPM Techblazer of the Year, honored at the Asia CEO Awards 2024, has become synonymous with innovation in the Philippine IT-BPM industry. His leadership is grounded in a solid academic and professional background, having graduated from the University of the Philippines and Fordham University. Mac refined his skills on Wall Street, developing investment banking applications that equipped him with both technical expertise and a profound understanding of business strategy. This foundation enabled him to recognize and seize opportunities that needed expertise on Java technology in the 1990s, leading to the establishment of Seven Seven, which has since evolved into the country’s leading IT-BPM provider.

While accepting the award, Mac Fojas was asked about what makes him successful. “My wife,” he quipped before expressing his gratitude towards Seven Seven and acknowledging those who came with him at the event.

For Mac, this award represents how he envisions to continuously contribute and help reshape the future of the information technology landscape globally, especially in the Philippines. His vision embodies not only the recognition of current industry trends but also the acceptance of opportunities for growth and transformation.

Seven Seven Co-Founder and President Mac Fojas won the Information Technology and Business Process Management (IT-BPM) Techblazer of the Year at the Asia CEO Awards 2024 on Oct. 8, 2024 at Manila Marriott Hotel in Pasay City.

Seven Seven, under Mac’s wings of leadership, has carved a niche in the Philippine IT-BPM sector by providing a wide array of services designed to enhance business efficiency. The company specializes in Application Development, Quality Assurance & Testing, IT Infrastructure Support, Project Management, Business Analysis, and Technical Help Desk, among others. This comprehensive suite of services positions Seven Seven as a key player in the industry, delivering customized solutions to meet diverse client needs.

Mac Fojas and Delle Sering brought their Seven Seven Executive and Management teams to witness the Asia CEO Awards 2024 and celebrate Mac’s milestone for being part of the Circle of Excellence Awardees under the IT-BPM Techblazer of the Year category.

His leadership at Seven Seven also created an avenue to showcase the skills of the Filipino workforce. With a strong customer service culture and a deep talent pool, the Philippines is well-equipped to be a leader in the information technology space. Mac believes that empowering Filipino workforce is crucial in fostering a culture of innovation and excellence within organizations.

Mila Picache, Senior Managing Director and COO of Seven Seven Global Services, Inc., alongside Vina Morales, together with the Seven Seven Executive and Management Team post-Asia CEO Awards event

As a proponent of innovation, Seven Seven recognizes that artificial intelligence (AI) stands out as a transformative force poised to elevate both society and businesses. Mac is keenly aware of the potential of AI to revolutionize business operations and strategic decision-making, particularly through intelligent automation, advanced data analytics, and AI-driven personalization. With Mac taking charge, Seven Seven will continue to leverage AI to drive efficiency and optimize resources, ensuring that the company retains its position of being on top of industry advancements. His approach not only enhances operational efficiency but also fosters a culture of collaboration and creativity. This forward-thinking mindset ensures that Seven Seven remains adaptable to changing market dynamics, paving the way for sustainable growth and thriving in success in a highly competitive landscape.

Mac Fojas, Co-Founder and President of Seven Seven Global Services, Inc.; and Delle Sering, Co-Founder and Chief Executive Officer of Seven Seven Softwares, at the Asia CEO Awards 2024

For Mac, AI is more than a tool for optimization. He believes that this is a gateway to future growth. He sees the potential for AI to be deeply integrated across all aspects of business, pushing the limits of what is possible in the tech industry. His vision is centered on several emerging trends.

Ultimately, Mac has become a pioneer in technological advancement and positioning the country as a global leader in the future of the IT-BPM industry that is soon to be more powered with AI.

 


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Asia CEO Awards Adds USANA Philippines to Their Circle of Excellence

USANA Health Sciences, Inc. and its Philippine market were recently added to the illustrious Circle of Excellence from the Asia CEO Awards. The Circle of Excellence recognizes the top companies in the Philippines that have shown success and value in the development of the country’s economy and society. The member company’s management team should also demonstrate exceptional leadership skills that result in the maximization of value for stakeholders.

To discover USANA’s line of unique nutritional and skincare products, visit USANA.com.

“To be included in the Circle of Excellence with some of the most prominent companies in the Philippines is an amazing honor,” said Vivienne Lee, Regional Vice President of Asia. “I would like to congratulate everyone in the market for this great achievement.”

The USANA Philippines corporate office opened in 2009 in the country’s business capital at the Enterprise Center in Makati.

“One of our core values at USANA is Excellence and receiving this recognition from the Asia CEO Awards proves that we are living out that value,” said Cherry Ampig, USANA General Manager–Philippines. “This is a significant award not only for us here at the USANA Philippines office, but also for all our distributors in the market. They have dedicated so much to the company and none of it would be possible without their support and hard work.”

About USANA

USANA (NYSE:USNA) prides itself on providing consumers with quality nutritional and lifestyle products. From its award-winning supplements to its innovative Celavive skincare and Active Nutrition lines, USANA has proven for over 30 years why it’s a company you can trust. How about giving us a try? Shop at USANA.com or learn more at whatsupUSANA.com.

 


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Teleperformance Philippines recognized at 2024 Asia CEO Awards

Receiving the trophies for Teleperformance in the Philippines were, from left, Director of External Relations Nash Frias; Senior Director of Digital KC Nunez, Vice President of HR and Communications and Marketing Rachel Cacabelos; and SVP and Head of Digital Transformation and Process Excellence Amit Kale.

Teleperformance (TP) in the Philippines continues to showcase excellence in business innovation and commitment to support impactful social programs garnering honorable recognitions at the recent 2024 Asia CEO Awards.

A global leader in digital business services, TP was among the 2024 Asia CEO Awards Circle of Excellence honorees as a finalist in the CSR Company of the Year, iCXeed Diversity Company of the Year, and KonsultaMD Most Innovative Company of the Year categories.

“We take pride in our holistic approach to business — where corporate success goes hand-in-hand with social responsibility and environmental stewardship. These are testaments to the dedication of our 60,000-strong workforce who embody our values every day,” said Rahul Jolly, Chief Executive Officer of Teleperformance in the Philippines.

TP Philippines was a finalist in the CSR Company of the Year category for its outstanding commitment to corporate social responsibility through its CSR arm, Citizen of the World (COTW), a charitable initiative that generates lasting impact on local communities. This program fosters meaningful partnerships with both nongovernment organizations and government agencies to improve the lives of the youth, disaster victims, and employees such as the Life Project 4 Youth Alliance (LP4Y), the Department of Education through Brigada Eskwela, Kythe Foundation, and Grant-A-Wish.

TP also reinforces its commitment to environmental sustainability through its Citizen of the Planet (COTP) initiative. This year, TP has increased its number of sites running on renewable energy, with nearly 50% of its energy requirements from renewable resources. It further aims to reduce its electricity consumption across all TP sites nationwide through monthly Earth Hour observances.

TP was also a finalist in the iCXeed Diversity Company of the Year category for its commitment to workplace diversity through its various initiatives such as the TP for All Program and Cloud Campus work-from-home program which increased opportunities for onboarding Persons with Disabilities, Indigenous workers, and women in leadership positions.

Lastly, TP’s strategic efforts to improve its talent management and business growth through Technology, Analytics, and Process Excellence (TAP™️) was also included among the finalists in the KonsultaMD Most Innovative Company of the Year category. This program provided industry-defining solutions in high-touch interaction analytics, predictive analytics, artificial intelligence (AI), automation, and process excellence achieving a cumulative client benefit of over US$7.5 million for a global brand.

Further cementing its reputation, TP was recently recognized as the first and only company in the Philippines to receive the Great Place to Work® (GPTW) certification for seven consecutive years, underscoring its unwavering commitment to creating a positive and inclusive workplace culture.

To learn more about Teleperformance Philippines, visit its website at www.teleperformance.com.

 


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Ubisoft Philippines awarded Wellness Company of the Year Grand Winner & Diversity Company of the Year Circle of Excellence Awardee at the Asia CEO Awards 2024

Founded in 2016, Ubisoft Philippines is the first AAA co-development game studio in the country, and the first of its kind to be involved in AAA game development.

From concept, creation, to game integration, their Filipino developers have creative power and firsthand decision-making over the player experience.

The studio is a proud co-developer of Ubisoft’s flagship titles and is home to over a hundred of the world’s finest talent from Art to Design, Programming, Animation, Audio, Quality Assurance and more—offering new job opportunities for aspiring game developers in the country and even attracting more foreign talent to the Philippines.

The team has co-developed some of the biggest franchises in gaming, including Assassin’s Creed (AC) Mirage, AC Valhalla, Far Cry 6, For Honor, Skull & Bones, and The Crew 2.

For Ruth Gonzalez, HR Manager, bringing meaningful player experiences through their games starts with their people. “Our commitment to wellness is not just a workplace initiative; it’s woven into the very fabric of who we are as a company.”

This 2024, they have been named the Wellness Company of the Year Grand Winner and Diversity Company of the Year Circle of Excellence Awardee at the Asia CEO Awards, the largest business awards event in the Philippines.

The Wellness Company of the Year Award is granted to the organization that designed organizational policies and achieved success in employee health and well-being.

Ubisoft also received the Circle of Excellence Award for Diversity Company of the Year, given to organizations that demonstrated proactive acceptance and respect for human differences. You can find out more about Ubisoft’s DEI practices here.

This marks the third consecutive year they have been recognized at the Asia CEO Awards. In 2022, they earned the Circle of Excellence Awardee as Top Employer of the Year, followed by Diversity Company of the Year in 2023.

Find out more by visiting philippines.ubisoft.com.

 


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Concentrix Philippines is 2024 Asia CEO Company of the Year Grand Winner, Circle of Excellence in 3 More Categories

Concentrix PH VP for Client Success Tonichi Parekh (6th from left) onstage to receive the Grand Winner Company of the Year award for Concentrix, together with the rest of the Circle of Excellence in the category.

Global technology and services leader Concentrix bagged the Grand Winner title as Company of the Year at the 2024 Asia CEO Awards this October. The Fortune 500® company that powers the world’s best brands was also in the Circle of Excellence for 3 other categories: Top Employer of the Year, Most Innovative Company of the Year and Technology Company of the Year.

Leaders from Concentrix PH Execom at the 2024 Asia CEO Awards pose with the trophies for being the Grand Winner as Company of the Year, and in the Circle of Excellence for Top Employer of the Year, Most Innovative Company of the Year and Technology Company of the Year. From left are VP for Delivery Shared Services Larah Sta. Maria, Director for Sales Anne dela Vega, VP for Client Success Tonichi Parekh, VP for People Solutions Hazel Banas, and VP for Finance Aldrin Dulig.

Receiving the Company of the Year Grand Winner award on behalf of Concentrix Philippines, VP for Client Success Tonichi Parekh said, “We are not only the nation’s largest private employer — Concentrix also leads with clear visibility and unparalleled velocity in providing high value for our game-changers and clients. For the company to be hailed among the best in various categories consistently over the last 15 years, is a distinct privilege. We continue to strive to be a role-model organization and deliver excellence for the Philippines.”

Concentrix PH VP for Delivery Shared Services Larah Sta. Maria (right) receives the award for Circle of Excellence — Most Innovative Company of the Year, for Concentrix’s AI-driven innovations that enabled business growth and improvements.

Asia CEO Awards is the largest event of its kind in the region. For 15 years, it has been recognizing local and international organizations and leaders at the forefront of shaping the Philippine economic landscape and contributing to nation-building. As Company of the Year, besting eight others in the Circle of Excellence, Concentrix Philippines was recognized for achieving the highest success in the development of the country’s economy and society in the past and current year, as well as its leadership team’s exceptional contributions resulting to the maximization of stakeholder values, including financial success, governance, social commitment, pioneering achievements, and various recognition received.

Concentrix PH Director for Sales Anne dela Vega (right) receives the award for Circle of Excellence — Technology Company of the Year, for Concentrix as a tech leader powering the world’s best brands, utilizing digital transformation, automation, AI and innovation in providing excellent solutions and services for clients and employees.

According to Concentrix Philippines EVP and Chief Business Officer Amit Jagga, “Being given the highest recognition for our company’s contributions to the overall success and competitiveness of the Philippines across all industries, is a testament to our sustained commitment to lead not just in terms of careers but also in creating opportunities for the communities where we operate. Being in the Circle of Excellence for Top Employer, Most Innovative Company, and Technology Company of the Year also validates Concentrix’s continued investments in AI-driven innovations that deliver tech-led, intelligent experiences that help our clients and enable our game-changers to thrive.”

Concentrix PH VP for People Solutions Hazel Banas (right) receives the award for Circle of Excellence — Top Employer of the Year, for Concentrix’s leadership in providing employment, building careers, driving business growth and impact to communities.

Concentrix operates in over 50 sites and 20 cities in the Philippines, employing over 100,000 Filipinos as the country’s largest private employer. This year, Concentrix was also one of only five companies declared as “Inspiring Workplaces in Asia” and achieved #1 ranking in the global list of the same.

 

 


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BPI posts record net income on robust revenues

BANK of the Philippine Islands (BPI) saw its net profit grow by 29.4% to P17.4 billion in the third quarter as its revenues increased, it said on Thursday,

Its third-quarter net income was its highest quarterly profit to date, BPI said in a disclosure to the stock exchange.

This brought its nine-month net earnings to a record-high P48 billion, 24.3% higher year on year, “driven by robust revenue growth and sustained positive operating leverage,” it said.

This translated to a return on equity of 15.9% and a return on assets of 2.1%.

BPI’s financial statement was unavailable as of press time.

The bank’s revenues grew by 26.3% to P44.6 billion in the third quarter.

For the first nine months, its top line increased by 24.7% year on year to P125.8 billion.

Revenue growth in the period was driven mainly by the 22.2% increase in its net interest income to P93.8 billion, BPI said, as average loans expanded by 18.9% and its net interest margin widened by 22 basis points (bps) to 4.29%.

“Non-interest income rose 32.4% to P31.9 billion from securities trading gains of P3 billion while fee income also increased 28% year on year to P26.4 billion, attributable to higher service charges, credit card fees, and bancassurance income,” it added.

Meanwhile, the bank’s operating expenses grew by 22.1% to P59.4 billion in the nine months ended September due to higher manpower, transaction processing, and technology costs.

This resulted in a cost-to-income ratio of 47.2%.

BPI’s provisions also surged by 60% year on year to P4.8 billion in the period.

The bank’s gross loans expanded by 18.9% to P2.1 trillion at end-September as it saw growth across all segments. Personal loans rose by 103.3%, business banking went up by 99.3%, and microfinance loans grew by 65.2%, it said.

“On a sequential quarter-on-quarter basis, the NPL (nonperforming loan) ratio increased only 10 bps to 2.3%, with sufficient NPL coverage at 111.17%,” BPI added.

On the funding side, total deposits with the bank went up by 14.5% to P2.5 trillion in the period, with the current account, savings account or CASA ratio at 63%.

Its loan-to-deposit ratio was at 85.9%.

BPI’s total assets stood at P3.2 trillion as of September, expanding by 17.2% year on year.

Total equity was at P433.3 billion. The bank’s indicative common equity Tier 1 ratio was at 14.8% and its capital adequacy ratio was at 15.5%, both above regulatory requirements.

“Earnings per share for the first nine months stood at P9.10, up 16.5% from last year’s P7.81, notwithstanding the additional shares issued for the BPI and RBC (Robinsons Bank Corp.) merger,” it said.

The merger between BPI and RBC took effect on Jan. 1, with BPI as the surviving entity. BPI expects to fully integrate RBC’s systems into its own in about two years.

BPI’s shares gained P1.90 or 1.35% to end at P142.50 apiece on Thursday. — Aaron Michael C. Sy

Philex Mining seeks permit for nickel exploration in Pangasinan

A VIEW of nickel ore stockpiles at a mine in Sta. Cruz, Zambales, Feb. 7, 2017. — REUTERS

PHILEX Mining Corp. is awaiting a permit to explore a potential nickel mining site in Pangasinan as part of its strategic goal to diversify its mineral extraction portfolio, the mining company’s president said.

“We have in Pangasinan. Hindi ko pa alam saan doon (I don’t know exactly where it is yet). We have an application there that [has been] sleeping for so long,” Philex Mining President and Chief Executive Officer Eulalio B. Austin, Jr. told reporters on the sidelines of a forum on Thursday when asked if the company was looking at other potential sites for nickel.

“We are still  awaiting the exploration permit,” he added.

Last year, Philex Mining announced plans to expand its mining operations to include nickel ore extraction, aiming to meet the rising demand for the mineral driven by the global shift towards renewable energy.

The company previously announced that it was conducting exploratory studies at another potential nickel site in Zambales.

“Technical evaluation is still ongoing… We would like to complete the evaluation next year,” Mr. Austin said.

Nickel is a crucial mineral for the production of electric vehicle batteries and stainless steel. The Philippines is the world’s second-largest producer of nickel ore, following Indonesia.

Mr. Austin also said the company remains on track to commence commercial operations at its Silangan gold and copper mine by early 2025.

However, he noted that delays in the delivery of mining equipment have caused some setbacks.

“Most of our equipment is coming from Europe, Canada, and Australia. Manufacturing lead time is the one holding us back… It’s always on top of our mind to expedite the project as much as possible,” he said.

Philex Mining primarily engages in the large-scale exploration, development, and utilization of mineral resources. The company operates the Padcal gold and copper mine in Tuba, Benguet Province, and the Silangan Project in Surigao del Norte.

For the second quarter, its attributable net income declined to P214.72 million, 31.7% lower than the P314.56 million recorded in the same period last year, primarily due to lower production levels.

Revenues fell 9.3% to P2.24 billion from P2.05 billion in the same period last year.

Philex Mining is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Metro Pacific Investments Corp. and PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls.

On Thursday, shares in Philex Mining went up by 2.89% or nine centavos to close at P3.20 apiece. — Adrian H. Halili

PNB raises $300 million via bond offer

BW FILE PHOTO

PHILIPPINE NATIONAL BANK (PNB) has raised $300 million from its maiden issuance of dollar-denominated sustainability bonds, marking its return to the offshore debt market after five years.

The bank’s benchmark-sized Sustainability Regulation S offering of five-year senior notes was met with strong demand, with the final order book reaching $1.1 billion or almost four times the initial offer, it said in a disclosure to the stock exchange on Thursday.

The five-year bond was priced at a fixed coupon rate of 4.85% or 102 basis points higher than the benchmark Treasury yield.

The bonds were issued out of PNB’s $2-billion euro medium-term note program.

“We are grateful for the support shown by global investors in our return to the international bond market after a five-year hiatus. The result of this note offering is a clear indication of investors’ trust and confidence in PNB. This offering will fund the bank’s sustainable financing initiatives as we continue to solidify our position among the forerunners of nationwide development across the Philippine banking system,” PNB President and Chief Executive Officer Florido P. Casuela said.

“We believe this is an ideal time to return to the market, given the reduction in interest rates complemented by the bank’s improved core banking activities. We have already enhanced our banking operations and processes to support continuous growth as we expect our business to further strengthen in the future,” PNB Chief Financial Officer Francis B. Albalate said.

The bank conducted a two-day road show earlier this week to market the issue to investors.

Majority or 89% of the issue’s investors were from the Asia-Pacific region, while 11% were from Europe, the Middle East, and Africa, PNB said.

By investor type, 67% were asset managers and hedge funds, 23% were banks, and the remaining 10% were private banks, broker dealers and others, it added.

ING Bank and JPMorgan were tapped as the joint lead managers and bookrunners for the transaction, while PNB Capital and Investment Corp. was the sole global coordinator. ING also acted as sole sustainability coordinator for the issuance.

Moody’s Investors Service assigned an investment grade rating of “Baa3” to the bonds.

PNB last tapped the offshore debt market in 2019, raising a record $750 million via fixed-rate senior notes, more than double the $300-million target, as the order book reached $3.25 billion. These bonds were priced at 99.473% for a yield of 3.391% and a coupon rate of 3.28%.

The listed bank’s attributable net income inched down by 0.07% to P4.95 billion in the second quarter due to higher provisions.

This brought its net profit for the first semester to P10.22 billion, up by 4.72% year on year.

PNB shares went up by five centavos or 0.18% to close at P27.30 each on Thursday. — A.M.C. Sy

FNI eyes partnership for nickel processing plant

GFNI.COM.PH

NICKEL ORE producer Global Ferronickel Holdings, Inc. (FNI) is in talks with two foreign companies to establish a nickel processing facility, its president said.

FNI is negotiating with “two” companies, “Asian and European,” FNI President Dante R. Bravo told reporters on the sidelines of a mining forum on Thursday.

FNI operates nickel mining sites in Cagdianao, Surigao del Norte, and Brooke’s Point, Palawan. Nickel, a crucial metal, is essential for producing batteries for electric vehicles and manufacturing stainless steel.

“Right now, (the Philippines) has two processing plants, one in Palawan, one in Surigao. The question is adding more,” Mr. Bravo said.

Nickel Asia Corp. operates both processing plants currently active in the Philippines.

Earlier, FNI announced that it would explore mineral processing to enhance the value of its nickel products by tailoring them to meet the specific needs of various industries.

Chamber of Mines of the Philippines Chairman Michael T. Toledo said that the government must first tackle key challenges before advancing to value-added mineral processing.

The Department of Environment and Natural Resources has said that it is seeking to incentivize mining companies that process critical minerals essential for achieving the Philippines’ renewable energy goals.

“Only if these recommendations are taken and put into action can we be able to produce enough minerals to feed the mineral processing facilities we aspire to build,” Mr. Toledo said at the same forum.

He added that this would enable the country to be a “significant player in the global energy transition movement.”

Key challenges include streamlining the approval process for exploration permits and mineral agreement applications, resolving tax uncertainties, and ensuring adequate benefits to attract further mining investments.

Mr. Toledo also said that the government should clarify the roles of national and local government units and provide clear guidelines for managing indigenous communities.

For the second quarter, FNI reported that its net attributable income inched up by 0.41% to P196.45 million from P195.65 million in the same period last year.

The company’s revenues rose by 25.1% to P2.49 billion for the April-to-June period from P1.99 billion in the same period last year.

FNI shares edged up by 0.68% or one centavos to close at P1.47 apiece on Thursday. — Adrian H. Halili

AUB net income surges 41% in first nine months

BW FILE PHOTO

ASIA United Bank Corp. (AUB) and its subsidiaries booked a record net income of P8.6 billion in the first nine months on the back of higher revenues and lower loan loss provisions, it said on Thursday.

This was 41% higher than the group’s net profit in the same period last year and also surpassed the its 2023 net earnings of P8.3 billion, AUB said in a disclosure to the stock exchange.

The bank’s nine-month performance translated to a return on equity of 22.4% and return on assets of 3.4%, both higher than the previous year’s 19.4% and 2.5%, respectively.

Its financial statement was unavailable as of press time.

“We expect our performance to remain robust, especially as we start reaping the full benefits of the government’s National ID system, with AUB being the first Philippine bank to integrate the Philippine Statistics Authority’s eVerify. This will hasten our account opening process and Know Your Customer compliance, reduce paperwork, improve loan application and approval processes, and enhance security for financial transactions,” AUB President Manuel A. Gomez said.

AUB’s net interest income grew by 11% to P12.5 billion in the nine months ended September on the back of higher interest earnings from its loans and investment activities amid the elevated rate environment.

Its net interest margin rose to 5.3% from 4.9% last year.

“Non-interest income grew from improved foreign exchange gain, recovery income, and service charges and other fees from other operating activities such as credit cards, AUB PayMate, remittance, trust, and other branch-related transactions,” it said.

“Through its digital partnerships, AUB has been enabling merchants to accept digital payments from their customers using its all-in-one digital payment acceptance product AUB PayMate and revolutionizing cross-border digital payments through its HelloMoney e-wallet, among others.”

Meanwhile, the bank’s operating expenses increased by 6% year on year to P5 billion in the first nine months due to higher compensation and capital expenditures “as it focused on new business growth opportunities.”

“Credit and impairment losses plunged by 93% from P1.1 billion a year ago, as credit quality improved,” AUB said.

The bank’s nonperforming loan (NPL) ratio was at 0.53% in the period, down from 0.7% a year ago. NPL cover was at 120.7%, up from 107%.

AUB’s loan portfolio grew by 6% to P198.9 billion from P188.2 billion a year prior.

On the other hand, deposits stood at P282 billion, with 70% made up of low-cost current account, savings account or CASA deposits, up from the 66% share last year.

This resulted in a loan-to-deposit ratio of 70.5%.

AUB’s total assets went up by 2% year on year to P352 billion at end-September.

Total equity increased by 25% to P56.6 billion.

The bank’s common equity Tier 1 ratio was at 19.6%, while capital adequacy ratio was at 20.4%, both above regulatory requirements.

Shares in AUB rose by P1.30 or 2.17% to close at P61.30 apiece on Thursday. — A.M.C. Sy