Home Blog Page 523

BPI appoints Cruz as new institutional banking head

BANK of the Philippine Islands (BPI) has appointed Luis Geminiano E. Cruz as its new institutional banking business head.

“The Bank of the Philippine Islands has approved the appointment of Senior Vice-President (SVP) Luis Geminiano E. Cruz as Head of Institutional Banking, effective May 1, 2025, subject to regulatory approval,” it said on Thursday.

This comes as BPI’s current Institutional Banking Head Juan Carlos L. Syquia was seconded to its parent firm Ayala Corp.

Mr. Cruz is currently head of BPI’s Commercial Banking Group, a position he had held since 2018.

“In 2024, he was appointed as a director, representing BPI for Unicon Insurance Brokers Corp., further expanding his leadership responsibilities,” the bank said.

“With a distinguished career spanning over three decades, Mr. Cruz brings a wealth of experience across multiple banking disciplines. Since joining BPI in September 2010, he has taken on key leadership roles in Corporate Banking and Private Banking.”

Before joining BPI, Mr. Cruz also held roles related to corporate, business and investment banking, fixed-income sales and distribution, equities, and treasury.

BPI’s net profit rose by 20% year on year to a record-high P62 billion in 2024, driven by double-digit revenue growth.

Its shares went down by P1.80 or 1.37% to end at P129.20 each on Thursday. — A.M.C. Sy

R. Kelly’s sex trafficking conviction upheld

R. Kelly in a still from the 2023 documentary The Verdict.

NEW YORK — A federal appeals court on Wednesday upheld R. Kelly’s sex trafficking and racketeering conviction, saying extensive evidence supported keeping the former R&B superstar behind bars for decades.

The 2nd US Circuit Court of Appeals in Manhattan rejected Kelly’s claims that federal prosecutors failed to prove he led a racketeering scheme where he recruited women and underage girls for sex and then violated several victims.

Circuit Judge Denny Chin said prosecutors offered “extensive evidence showing how Kelly ensnared young girls and women into his orbit, endeavored to control their lives, and secured their compliance with his personal and sexual demands through verbal and physical abuse, threats of blackmail, and humiliation.”

Writing for a three-judge panel, Chin also said jurors could conclude that Mr. Kelly, 58, intended to convince victims they would be harmed if they failed to honor his sexual demands.

Mr. Kelly’s lawyer Jennifer Bonjean said her client may appeal to the US Supreme Court because the decision improperly expanded the reach of the federal Racketeer Influenced and Corrupt Organizations Act, or RICO.

The decision “gives the government limitless discretion to apply the RICO statute to situations absurdly remote from the statute’s intent,” Ms. Bonjean said. “The statute was intended to punish organized crime, not individual conduct.”

A spokesman for the US attorney’s office in Brooklyn declined to comment.

Mr. Kelly is serving a 30-year prison sentence after a Brooklyn, New York jury convicted him in September 2021 of one count of racketeering and eight counts of violating the Mann Act, which forbids transporting people across state lines for prostitution.

His case became among the most prominent #MeToo-era prosecutions.

Kelly was previously perhaps best known for his 1996 Grammy-winning hit “I Believe I Can Fly.” His full name is Robert Sylvester Kelly.

VICTIMS PORTRAYED REPRESSION
Wednesday’s decision came as jailed rapper and music mogul Sean “Diddy” Combs awaits his scheduled May 5 trial in Manhattan federal court on sex trafficking charges.

Dozens of women and men have filed civil lawsuits accusing him of sexual misconduct. Mr. Combs has pleaded not guilty and maintained his innocence.

Mr. Kelly’s trial followed two decades of misconduct accusations, which he had repeatedly denied.

Jurors heard testimony from 45 government witnesses, including several victims, that portrayed in often graphic detail the repression that prosecutors said Mr. Kelly and his entourage imposed.

This included requirements that victims refer to Mr. Kelly as “Daddy,” get permission to eat or use the bathroom, and write “apology letters” that purported to absolve him of blame.

The appeal included arguments by Mr. Kelly that prosecutors failed to prove he intended to expose victims to herpes by concealing his diagnosis before having unprotected sex.

Mr. Kelly also argued that four jurors had known too much about the case and were biased against him.

The case is separate from Mr. Kelly’s September 2022 conviction by a Chicago jury of child sex crimes.

He was sentenced there to 20 years in prison, but the judge added just one year to Mr. Kelly’s imprisonment, with the other 19 years overlapping the 30-year sentence.

In October, the US Supreme Court rejected Mr. Kelly’s appeal from the Chicago conviction.

Mr. Kelly is at the Butner, North Carolina medium-security prison that once housed late Ponzi schemer Bernard Madoff. He is eligible for release in December 2045, at age 78. — Reuters

It’s time for Japan to admit victory on deflation

CULLEN CEDRIC-UNSPLASH

OLD CENTRAL BANKERS never die. And often, they don’t fade away either.

Haruhiko Kuroda, the Bank of Japan boss for a decade until 2023, was one such figure who last week declared that Japan “has completely exited deflation.” Having presided over a decade of massive stimulus, his comment is of course self-serving. But with core consumer price rises in January expected to hit 3%, they seem accurate. So why the controversy?

The problem is that the Japanese government, and Prime Minister Shigeru Ishiba in particular, feel differently. When asked for his take on whether Japan suffers from inflation and not its pernicious opposite, Ishiba demurred.

“Japan is not in deflation,” he said, “but it hasn’t been able to completely escape it.”

When Ishiba became prime minister in October, he called for a concentrated three years of policy to ensure deflation is quashed. He’s not only at odds with Kuroda, but also the incumbent at the Bank of Japan, Kazuo Ueda, who agrees Japan is experiencing rising prices.

These days, no one who has been to a Japanese supermarket, where heads of cabbage sell for more over ¥1,000 ($6.50), thinks the threat currently facing Japan is deflation. The tussle against this foe — or the specter of it — was waged off and on by officials for the better part of a generation, with critics contending Japan had become a poster child for seemingly terminal decline. But nothing lasts forever. The last time prices declined was in July 2021, the same month the Tokyo Olympic Games took place, a time the country’s borders were still closed with the nation in the midst of a COVID-19 state of emergency. For almost three years, core consumer prices have not only risen, but have met or exceeded the Bank of Japan’s 2% target. It’s a situation the bank forecasts will continue until at least March 2027.

Of course, there’s good reason to be cautious over taking a possibly premature victory lap (think US President George W. Bush and his infamous “Mission Accomplished” banner). And deflation can truly happen anywhere, as former Federal Reserve chairs Alan Greenspan and Ben Bernanke can testify. By 2003, inflation in the US had been so contained over the prior decade that policymakers fretted it had become too much of a good thing and the risk of a Japan scenario  — once considered crazy — needed to be taken seriously. The prospect of falling prices had become the hot topic at the Fed and action was needed.

“We wanted to shut down the possibility of corrosive deflation; we were willing to take the chance that by cutting rates we might foster a bubble, an inflationary boom of some sort, which we would subsequently have to address,” Greenspan wrote in his book The Age of Turbulence.

Months earlier, Bernanke, a Fed governor who would ultimately succeed Greenspan, gave a high-profile speech devoted to making sure deflation didn’t visit America. He thought a pronounced and general decline in prices was unlikely, though it couldn’t be ruled out. Once such a force sets in, he argued, it can be very destructive. Janet Yellen, who followed Bernanke as Fed chief, also spent a lot of time worrying about too-low inflation.

Japan’s past also shows the need for vigilance — it took the country a long time to recognize the problem in the first place, with an official “declaration of deflation” arriving only in 2001 after an extended period of declining prices.

That has perhaps created a fear over being too blasé on deflation. But the mistake the government risks repeating is being out of touch with the economy — and ignoring the issues facing everyday voters and consumers, who these days are struggling with higher grocery and utility bills.

While continuing to be cautious about the future, Japan should admit that at least for now it has won the fight. Otherwise, deflation risks becoming another of the interminable debates that drag on much too long in the country — from the future role of nuclear energy, to the use of surnames for married couples, to the current, excruciating debate over whether an income tax exemption should be merely modest, or really modest.

That these issues are still being chewed over when the broader world is moving at light speed — from the exponential growth of AI capability to the flurry of executive orders from the Trump administration — is particularly galling.

We don’t buy the argument, advanced by some, that the threat of deflation is needed as a fig leaf for spending. Ishiba can easily argue that while price drops have been banished, low-to-negative growth hasn’t. In contrast to Elon Musk’s thirst for cutting government outlay, there is little public appetite in Japan for austerity; the Democratic Party for the People, the surprise group in last year’s election that sucked votes away from the ruling party, advocates for increasing take-home pay and lowering taxes.

Perhaps Ishiba is trying to set himself up for victory later — declare deflation is still a problem, then at a suitable moment, say it has been slain. But the problem there is twofold — no one really buys that deflation is an issue these days, and despite his successful visit to the US, it still seems unlikely the prime minister will be around in three years’ time to take credit.

So while his reluctance to embrace Japan’s contemporary economy is grounded in harsh experience, it’s well past time for the political elite to move on. If you have a win, regardless of its provenance, take it. It’s good advice for any leader — and dare we say it, some useful forward guidance.

BLOOMBERG OPINION

PAL launches Cebu–Ho Chi Minh flights

PHILIPPINE STAR/EDD GUMBAN

PHILIPPINE AIRLINES is expanding its Cebu hub with the launch of new direct flights from Cebu to Ho Chi Minh City (Saigon), Vietnam, the flag carrier said.

In a media release on Thursday, Philippine Airlines, operated by PAL Holdings, Inc., announced that it will begin flights from Cebu to Ho Chi Minh City on May 2.

The soon-to-be-launched Cebu–Ho Chi Minh flights will operate three times a week — every Wednesday, Friday, and Sunday — while the return service to Cebu will depart from Ho Chi Minh City every Monday, Thursday, and Saturday.

“We look forward to boosting tourism, strengthening Cebu’s position as the nation’s emerging business and leisure gateway, and building on the strong and friendly relations between Vietnam and the Philippines,” Philippine Airlines President and Chief Operating Officer Stanley K. Ng said in a media release on Thursday.

Philippine Airlines said the new service will utilize Airbus A321 jetliners, which can accommodate up to 199 passengers and offer both Business Class and Economy Class.

The airline also announced that it is increasing its Manila–Hanoi–Manila service to daily flights as part of its expansion in Vietnam.

At the local bourse on Thursday, shares in PAL Holdings closed unchanged at P4.84 apiece. — Ashley Erika O. Jose

Maya Bank launches MSME financial literacy program

MAYA BANK has launched a financial literacy program for micro, small, and medium enterprises (MSMEs) that also gives them access to credit.

The Negosyo Serye program merges financial literacy with loan access, the digital bank said in a statement on Thursday. The program is for eligible MSME owners who operate Maya Center businesses.

“This seamless model is part of Maya’s broader plan to create a one-stop digital ecosystem for MSMEs. By combining education, business opportunities, and fast credit, we’re eliminating the friction that holds back microentrepreneurs. Our goal is to make sure they can take action when ready, without the delays typical of traditional loans,” Maya Bank MSME Business and Retail Head Renan Santiago said.

Negosyo Serye aims to equip small business owners with financial management skills while offering them growth opportunities.

Qualified MSME merchants can obtain loans through Maya Advance with credit limits of up to P350,000 without paperwork and collateral.

“Real-time loan approval replaces the usual weeks-long wait, offering much-needed speed to small businesses,” Maya Bank said.

“Financial literacy programs often leave entrepreneurs without a way to put their learning into practice. We empower MSMEs with essential financial skills and seamless access to credit — equipping them with both the knowledge and the tools to take immediate action for growth,” Mr. Santiago said.

Maya Bank recorded P68 billion in loan disbursements and P39 billion in deposits in 2024. Its total customer base stood at 5.4 million.

The digital bank is owned by Voyager Innovations, Inc. PLDT Inc. is Voyager’s main shareholder. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — AMCS

Conclave, The Brutalist or Anora? Race is open at BAFTA Film Awards

LONDON — Papal selection thriller Conclave leads nominations for Sunday’s BAFTAs, but faces stiff competition from epic period drama The Brutalist and new awards season frontrunner Anora, about an exotic dancer who marries a Russian oligarch’s son.

Unlike last year, when Oppenheimer dominated, the 2025 BAFTA Film Awards have no clear frontrunner. Odds currently favor The Brutalist to win best film, the top prize of the night at Britain’s top movie honors.

British film Conclave, which has 12 nominations overall, follows, and boosting its chances is director Edward Berger’s 2023 BAFTA success when his German remake of All Quiet on the Western Front won a historic seven prizes.

“This year, it’s a bit more open… it felt like for a while that The Brutalist was the frontrunner, but now it seems like Anora is coming out there as well,” Digital Spy movies editor Ian Sandwell told Reuters. “So it could be them or there could be a local surprise with Conclave.”

Many consider Anora a strong awards season contender after it and director Sean Baker triumphed at last week’s Critics Choice Awards, as well as the Producers and Directors Guild of America Awards.

Completing the best film list are Bob Dylan biopic A Complete Unknown and musical crime movie Emilia Pérez.

ADRIEN BRODY TIPPED FOR BEST ACTOR
Many consider the best director race is between Berger, Baker, and Brady Corbet for The Brutalist, a three-and-a-half drama in which Adrien Brody plays a Hungarian immigrant trying to rebuild his life in the United States post-World War II.

Mr. Brody has picked up multiple awards already and is expected to win the BAFTA’s leading actor category.

“I’d be surprised if Adrien Brody did not win… it’s an extraordinary performance,” Tim Richards, founder and CEO of cinema operator Vue, said.

While Demi Moore has been repeatedly honored for her performance in body horror The Substance, she could face upset in the leading actress category from Briton Marianne Jean-Baptiste for her critically acclaimed portrayal of a woman struggling with depression in Hard Truths.

“Demi Moore is going to win at the Oscars probably so she’ll get her moment but it’d be great to see some kind of local talent win,” Sandwell said.

Kieran Culkin and Zoe Saldana are also favored to continue their winning streaks in the supporting actor/actress categories for A Real Pain and Emilia Pérez respectively.

The Spanish-language film stars Ms. Saldana as a lawyer who helps a Mexican cartel leader, played by Karla Sofia Gascon, fake his death and transition from a man to a woman.

It had been an early awards frontrunner, but its campaign lost steam following controversy surrounding Gascon, who last week apologized for past social media posts denigrating Muslims and other groups and said she would go silent to help the movie ahead of the Oscars.

“Because of what we’ve seen, what’s happened with some unfortunate messages that have surfaced… it seems to have slipped back a little bit and lost its momentum,” Richards said of Emilia Pérez, released on streaming platform Netflix. “It might still come back because it’s a fantastic movie.” — Reuters

Tech-savvy Gen Z facing office adaptation struggles

COURTESY OF PAYONEER

By Chloe Mari A. Hufana, Reporter

GENERATION Z — the cohort born between 1997 to 2012 — must harness its digital fluency to stay competitive in the job market as artificial intelligence (AI) and automation become more critical in many, JobSteet by SEEK said.

The company’s head of marketing, Henry Jose C. Yusingco, said technological competence alongside soft skills will be key to securing employment, especially for Gen Z workers who are the products of pandemic-era education.

He told BusinessWorld that many Gen Z workers struggle with adapting to the workplace despite growing up with technology.

Studies have highlighted communication challenges, and Mr. Yusingco confirmed that employers often perceive Gen Z workers as less equipped for professional environments.

“Companies still prioritize experience for entry-level roles, making it difficult for fresh graduates to find jobs,” he said.

However, he also noted that progressive employers are shifting mindsets.

JobStreet by SEEK, for example, is working with companies to adjust hiring practices and recognize Gen Z’s strengths in digital fluency and adaptability.

“Employers must rethink job requirements to ensure Gen Z has opportunities to thrive,” he said.

TALENT RETENTION
Retention remains a key concern for companies. A JobStreet study last month found that salary remains the biggest factor in job satisfaction, followed by work-life balance and career growth opportunities.

Gen Zs are particular about purpose-driven work and flexibility. Companies offering hybrid setups and clear career paths are more likely to retain young talent, the study added.

“Gen Zs are really inevitable, and they’re really creative. As long as you give them purpose and something that they look forward to, they can really be of great help to the company,” Mr. Yusingco said.

Progressive companies are now introducing benefits beyond salary, including additional leave and career development programs, he noted.

To further improve their employability, Mr. Yusingco urged Gen Z workers to engage in gig or part-time work to expand their experience even before graduating from school.

As AI and automation transform industries, Gen Z workers must continuously adapt.

“The future of work isn’t just about finding a job — it’s about finding the right match that aligns with skills, passions, and market demands,” Mr. Yusingco noted.

Integrating sustainability with corporate strategy

FREEPIK

AT AYALA CORP., sustainability is at the core of our purpose of building businesses that enable people to thrive. As such, sustainability is embedded into strategies across the Ayala Group. This has driven the transformation of our businesses into being recognized as among the green leaders in their respective industries. We are proud that Ayala Land, BPI, Globe, ACEN, and ACMobility have pioneered or are accelerating programs that are contributing to greening the economy.

Continuing our transformation requires professionals with a deep understanding of sustainability’s value and who can drive its continued adoption within Ayala. These green job holders are part of dedicated sustainability teams empowered to ensure business performance is delivered with positive environmental and social impact.

We are also mindful that sustainability goes beyond just our core sustainability team. Our corporate strategy, business development, investor relations, and treasury teams, among others, are updated on the latest and most relevant thinking in sustainability to ensure that it is embedded into our long-term planning and investments, as well as in the sourcing of sustainable financing. We are proud that Ayala has raised over $3.4 billion in sustainable financing, benefiting our key business units. Ayala Corp. has likewise recently approved a Sustainable Investing Framework, ensuring that we deliberately incorporate environmental and social impact in upcoming investment decisions.

As sustainability drives greater results, we see more opportunities to increase the ranks of green job holders in our businesses responsible for protecting ecosystems and biodiversity, driving efficiency to reduce consumption of energy and materials, decarbonizing operations and minimizing waste.

For example, Ayala Land architects and environmental planners are incorporating sustainable designs in estates and being certified as green building professionals under the LEED and BERDE standards. Ayala Land also has people focused on sustainable procurement and waste management, and specialists assigned to incorporate renewable energy solutions such as solar panels and wind turbines into real estate projects.

TRAINING PROGRAMS PREPARE FOR GREEN JOBS
Alongside hiring more green professionals, we are supporting the continued learning and development of our current workforce on sustainability.

Ayala Land offers several internal trainings to refresh and update our sustainability teams on relevant topics including quarterly forums on Decarbonization and Project Life Cycle Analysis, Regenerative Design and Sustainable Landscaping, Water Resource Management, and Energy Solutions and Circular Economy on Waste and Materials Management. External partners are also tapped for specialized training and certification on sustainability reporting and green building standards.

Every year, the Ayala Group also sends participants to the Leadership Program of the World Business Council for Sustainable Development. Since 2020, we have sent 10 of our top talents from Ayala Corp., Ayala Land, ACEN, BPI, Globe, and ACMobility to this intensive program to learn, work with global peers, and develop action projects to enhance Ayala’s sustainability standing.

The training is not limited to Sustainability teams. Across the Group, Sustainability and Human Resources teams are working closely to identify ways to more widely embed the value of sustainability among all employees.

Annually, we hold an Integrated Corporate Governance, Risk Management, and Sustainability Summit, where members of the boards of our companies, executives, and practitioners are provided with the latest information on issues around these three areas. We strive to get the best global thinkers and practitioners to speak at this summit. Last year, we were honored to have Paul Polman, former CEO of Unilever, deliver our keynote, alongside our other speakers which included climate scientists, risk management professionals, and a head of sustainability from a regional corporate leader.

Another interesting program is Globe’s Sustainability Academy, an online learning and development initiative rolled out to its 8,000 people in 2021 to teach employees how to practice sustainability at home and at work.

Given its success, Globe opened the Sustainability Academy to select MSME partners in 2023 to engage them in environmental, social, and governance principles and practices, to collectively create a positive and greater impact on society.

GOVERNMENT COLLABORATION, SUPPORT NEEDED
We are studying additional initiatives, including possible research, talent development, and project execution collaborations with academic institutions here and overseas, to support our workforce development requirements for sustainability.

While our Group is committed to advance the sustainability agenda here in the Philippines and overseas, government investments on education are also critical so Philippine schools can produce a workforce that supports the drive of industries for sustainability. We recognize that no single institution, nor the private sector acting alone, can produce the necessary talent at scale to meet the needs of the green economy, and take advantage of the opportunities that committing to sustainability makes possible.

 

Francisco Romero Milán is the chief human resources officer of Ayala Corp.

Damosa Land, Thai firm sign deal for P772-M coconut facility

The memorandum of understanding signing ceremony for a new coconut milk production facility at the Anflo Industrial Estate in Panabo City, Davao del Norte.

REAL ESTATE developer Damosa Land, Inc. (DLI) has secured a 430-million-Thai-baht (around P771.87 million) investment to establish a coconut milk production facility within the Anflo Industrial Estate (AIE) in Panabo City, Davao del Norte.

Thai Coconut Public Company Ltd. (COCOCO), a global player in coconut products, recently signed a memorandum of understanding (MoU) with DLI to build the facility, slated for completion by 2026. 

The MoU also covers a 25-year land lease agreement inside AIE.

“This partnership directly aligns with our mission to support local industries and stimulate sustainable economic development,” said DLI President Ricardo F. Lagdameo in an e-mail statement.

“By partnering with a global leader like COCOCO, we are creating a valuable supply chain ecosystem that provides income and employment opportunities for the local community while positioning Mindanao as a key player in the international market.”

The project is expected to boost COCOCO’s capacity to meet growing global demand for coconut milk while creating opportunities for Mindanao’s agro-industry.

DLI said COCOCO is also considering applying for special economic zone privileges under the Philippine Economic Zone Authority to receive tax and investment incentives. 

The facility is expected to generate employment opportunities during construction and long-term operations.

“Damosa Land’s ability to attract international investments like this demonstrates the strength of our vision for AIE as a catalyst for long-term economic development,” Mr. Lagdameo said.

Damosa Land is the property development arm of the Davao-based ANFLOCOR Group of Companies. It specializes in mixed-use, residential, commercial, industrial, and tourism-related properties. — Beatriz Marie D. Cruz

Passing the message: impact speaking

How do you pass your message across in public speaking? At the full house general membership meeting of the Filipina CEO Circle (FCC) held at Manila Golf on Jan. 17, the first topic of the year was “The Art of Passing the Message – Impact Speaking.” This topic is relevant to its mission of upskilling and continuous learning for chief executive officers. Guest speaker Michael Cannon, a certified discussion leader at the John Clements Leadership Institute, said, “You are about selling yourself as much as your produce or services.”

Do you get stage fright when you’re asked to talk publicly? Though some may be gifted speakers, most are nervous when called in front to speak. What do you have to do to not be nervous, or how do you combat nerves? Mr. Cannon said the key is preparation and practice. Know your topic well, do research, read articles and writeups, watch YouTube, talk to experts on the topic, and countercheck your data. He summed this up in six Ps, saying that “prior planning and practice prevents poor performance” is the way to success. On nerves, he assured that most speakers find themselves in this situation and that people don’t actually see this nervousness unless your body or voice is visibly shaking.

Is there anything one can do before speaking to calm the nerves? The calming techniques he suggested are breathing deeply, drinking water, smiling at your audience even before you speak, and speaking slowly and clearly. Think positively about the speaking engagement, he said. As for me, I have to add: pray!

He also shared his 10 golden rules for impact public speaking:

1. Always arrive early to familiarize yourself with the surroundings, to build connection with the organizers and the audience, to test if materials and technicals (video, sound, etc.) are working, to adapt to last minute changes, if any, and to give you time to relax, breathe, and reduce stress.

2. Always start with a bang! Grab attention with a provocative question, an anecdote or a joke to have interest and curiosity and energize your audience.

3. Always get some audience participation — ask a question or ask the audience to say something to the next person.

4. Repeat key points for impact.

5. Be passionate about your topic.

6. Be conscious of body language, both your own and that of your audience. You should not be stiff nor move too much. You should also be able to discern if  your audience is engaged, confused, or already bored.

7. Use PAMPERS, or Projection, Articulation, Modulation, Pronunciation, Enunciation, Repetition, and Speed. Projection and speed ensure your message is heard and that the audience can follow. Articulation, pronunciation and enunciation ensure that the message is clear. Modulation keeps your presentation dynamic and engaging, while repetition emphasizes key points to be remembered.

8. Watch your mannerisms. Be conscious of repetitive words such as “yeah,” “uhm,” “you know,” or “ah.” On movements, check yourself if you’re too tense or stiff, or if you’re moving too much.

9. Always stick to the schedule. This shows professionalism and respect for your audience.

10. Always end with a bang!

In terms of delivery, Mr. Cannon said, “we base our judgment of other people on three main characteristics — verbal content, 7%; vocal interest, 38%; and body language, 55%. That means 90% of your public image depends on how you look and sound rather than what you say.” Interesting!

With Mr. Cannon’s engaging session and practical tips for impact speaking, plus the sumptuous Chinese food, bags of gift products from the lady CEOs for each attendee, many raffle prizes and the bonding among the amazing ladies, the January FCC meeting definitely was a wonderful start for the year. And FCC President Karen Roa promises more!

Happy Valentine’s Day!

The views expressed herein are the author’s own and does not necessarily reflect the opinion of her office as well as FINEX.

 

Flor G. Tarriela is a banker by profession and an environmentalist/ gardener.

Warner Bros. to build Harry Potter Studio Tour with Chinese group in Shanghai

The Harry Potter Studio Tour in London. — WBSTUDIOTOUR.CO.UK

SHANGHAI — Warner Bros. has agreed to develop a Harry Potter Studio Tour in Shanghai with Jinjiang International, the Chinese group said on Wednesday.

Jinjiang said in a social media post that the proposed amusement park would give visitors a behind-the-scenes look at the Harry Potter films and recreate well-known scenes. It will cover an area of over 53,000 square meters.

The project will be part of a large-scale renovation of a Shanghai theme park that Jinjiang operates and is due to open in 2027. The plans are still subject to regulatory approval.

It would mark Warner Bros’ third Harry Potter Studio Tour worldwide after sites in London and Tokyo.

The Harry Potter franchise is incredibly popular in China, a country where foreign films make up a relatively small percentage of the country’s total box office due to strict quotas and a shift to local content.

A Universal Studios theme park in Beijing features The Wizarding World of Harry Potter, a section dedicated to Harry Potter-themed rides and attractions. The eight Harry Potter films were also re-released in Chinese cinemas last year. — Reuters

One-on-one vs panel job interview

What’s the best way to screen candidates for a management post? Is it a panel or paired interview or one-on-one? I prefer to use one-on-one interviews so that the bias of other interviewers does not influence my decision. What do you think?  — Blind Lizard.

​Much depends on the stage of the hiring process. In preliminary stages, it’s better to do one-on-one interviews. Ask department managers for tips on how to go about it.

If you’re looking for an employee engagement manager in the human resource (HR) department, for instance, it’s better to conduct the interview with two senior managers handling compensation, labor relations, training, or other related matters.

Past that stage, it’s time to shortlist the top two candidates and move to a panel interview with all department heads outside of HR.

Either way, you want to get an idea for the candidate’s hard and soft skills. In the case of an employee engagement manager, the hard skills include basic computer ability which includes how various applications, tools, and technologies are used to measure employee morale and dispute monitoring, organizing sports and social events, newsletter publication, labor-management cooperation, and employee recognition, among others.

On the other hand, soft skills or unique competencies may include the creation of programs designed to attract the participation of as many employees as possible. My rule of thumb for a successful program is the involvement of at least 65% of the staff.

The soft skills of an employee engagement manager include conceptualization and design of posters, newsletter layout and design, writing articles, hosting a program, and many more.

During the final interview, it is appropriate to require the top two candidates to bring samples of their work with their names in the editorial board of the company newsletter.

LISTEN TO THE MUSIC
Whether it’s one-on-one or a panel interview, there’s an important principle to remember — “listening to the music” or observing the behavior of the applicants. When listening to a song, we don’t only pay attention to the lyrics but to the melody as well. We pay attention to the applicant’s answer and at the same time their body language.

​For example, when an applicant is asked about their greatest achievement in reducing the attrition rate of their organization, and they tell you an off-tangent story without making an eye contact, that means the lyrics (words) do not match the melody (action). 

To ensure that all interviewers are on the same page, the HR department may formulate a list of questions from a list of criteria. In the case of applicants for the post of employee engagement manager, you may look for the following characteristics:

Intelligence, decisiveness, dynamism, results orientation, maturity, assertiveness, sensitivity, open-mindedness, and creativity. From this list, you can create a standard form with two sample questions for each category.

Then, you may use a simple rating scale of three like: “Good” representing the basic level, “Better” representing the high level, and “Best” representing the highest level of competency.

Of course, you can create another rating scale that matches the company’s performance appraisal rating scale.

CLOSING THE INTERVIEW
​Before closing any interview, it’s always good practice to give the applicant the opportunity to ask questions. It’s one way to tell them that the interview is a two-way process. As a potential employer, it’s important to project a good image for your organization.

​For the shortlisted candidates, it’s also important to give them a brief tour of the premises. As a courtesy, you may accompany them down the elevator and the reception area. Even if the applicant is not chosen, it will always leave a good impression about you and the company.

​If the applicants try to ask about your impression of their chances of getting hired, decline to answer. Emphasize that the decision will be made by consensus with the help of other department heads.

​After each interview, summarize your impression of the candidate using a uniform evaluation form. Summarizing your impression after the interview is better rather than doing it during the interview as it could unsettle the applicants.

Don’t delay summarizing your impressions. You can’t trust your memory. If you’re the HR head, compare your notes with other department heads. Then, decide after careful consideration of the hard and soft skills of the applicants.

​There’s no need to worry about your bias or wrong impressions. These could be balanced by the impressions of other department heads who had the same opportunity to interview the applicants.

 

Bring Rey Elbo’s popular leadership program called Superior Subordinate Supervision to your organization. For your workplace questions, e-mail elbonomics@gmail.com or via https://reyelbo.com