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Trivia:Did you know that Veterans Bank Chairman Dr. Roberto de Ocampo, OBE, rooted for PDU30 in 2016 and PBBM in 2022?Di...
14/08/2022

Trivia:
Did you know that Veterans Bank Chairman Dr. Roberto de Ocampo, OBE, rooted for PDU30 in 2016 and PBBM in 2022?

Did you know that both PDU30 and PBBM are sons of World War 2 Heroes?

‘Bibingka’ principle, other good governance lessons from FVR

Shortly after I had ended my Cabinet tenure, an interviewer asked me: “What is the key to being a successful Finance Secretary?” I quipped: “Choose the right boss.” Levity aside, it was really the other way around, as it was FVR who chose and put his trust in me and I will endlessly thank him for that life changing decision.
Former President Fidel V. Ramos (FVR) was arguably more prepared for the rigors and complexities of the presidency than many who aspired for it successfully or otherwise.


TEAM TIGER PH Roberto de Ocampo with Fidel V. Ramos —CONTRIBUTED PHOTO
Shortly after I had ended my Cabinet tenure, an interviewer asked me: “What is the key to being a successful Finance Secretary?” I quipped: “Choose the right boss.” Levity aside, it was really the other way around, as it was FVR who chose and put his trust in me and I will endlessly thank him for that life changing decision.
Former President Fidel V. Ramos (FVR) was arguably more prepared for the rigors and complexities of the presidency than many who aspired for it successfully or otherwise.

He was one of literally a handful of Filipinos to be accepted to study at West Point, an academic and military institution second to none in the world and had honed his leadership skills on the battlefield and his administrative and management prowess as Chief of Staff of the Armed Forces, one of the country’s largest organizational structures. For him, patriotism was neither just a concept nor slogan but a lived experience. There’s nothing like facing gunfire and possible death in defense of his country and its democracy to ingrain in him the reality of the words “ang mamatay ng dahil sa iyo.”

Together with this, there was imbued in him a strong desire arising from his faith in the Filipino to restore the Philippines to its place as the Pearl of the Orient before the country sadly descended from its perch and found itself worshipping other countries that were less advanced than it in the past. Thus as President, he delighted in presenting himself as the country’s premium “salesman/promoter,” deliberately chose to do state visits to Association of Southeast Asian Nations (Asean) countries first to emphasize the Philippines’ intrinsic positioning in and belonging to the region as well as to expand trade relations beyond traditional dependence on the United States and Japan, and skillfully promoted an independent foreign policy without attracting negativism from either the United States or China. You may recall that China’s President Jiang Zemin and US President Bill Clinton paid state visits to the Philippines during the FVR administration.

But perhaps the growing recognition of FVR on the global stage as a leader among leaders was stamped in the minds of the international community when the Philippines hosted the Asia Pacific Economic Cooperation (Apec) leaders meeting in Subic, during which FVR introduced the idea of including the private sector as an intrinsic part of Apec. This was the birth of the Apec Business Advisory Council (Abac), which transformed Apec from a gathering of political leaders to discuss geopolitics to an instrument of meaningful globalization with the private sector as an unexpendable part of the process of international trade, peace and mutually beneficial development. The international reputation of FVR and the Philippines was further enhanced with the rapid resurgence of the Philippine economy under FVR’s leadership to become a favored investment destination and a “tiger cub” economy.
So many of the accomplishments of FVR were groundbreaking and game changing. I believe, though, that to more meaningfully appreciate his impact on the nation, one must more deeply understand his decision-making mindset, which I would call The FVR Principles of Good and Effective Governance. To my mind, these are as follows:

The government as enabler, rather than provider
The government should endeavor to provide the economic framework, tools, policies, regulatory guidance, etc. the people can use as a springboard to realize their own welfare within a free and vibrant society. This, to FVR, is the true meaning of people empowerment—the creation of opportunity rather than the doling out of political promises and allegedly “free” handouts that are more often than not actually funded by taxes. This puts into practice the old saying “Give a man a fish and he’ll eat for a day; teach him to fish and he’ll eat for a lifetime.”

The private sector as the main engine of economic growth
This is a corollary to the principle above and the two together make up FVR’s favorite economic growth analogy—the “bibingka” principle, wherein fire from above and below the baking bibingka work in tandem to produce the desired outcome —the fire above representing government inputs and that from below private sector initiative and the bibingka, the overall economy. Furthermore, the effort should also aspire to bake an even larger bibingka so that more can benefit from sharing even larger portions of it rather than ever smaller portions of a same sized bibingka. He applied this principle consistently. His privatization efforts were designed, as he put it, “to put the government out of the business of doing business.” Thus, the infrastructure/power shortage dilemma was solved via the introduction of much wider private sector participation via the Build, Operate and Transfer strategy and the efficiency of NCR water and sewerage systems were enhanced by privatization, to name a few examples.

Aim for poverty reduction rather than alleviation
His idea was not so much to promote programs and financial support packages to make poverty more tolerable for the poor but to make the poor unpoor and thereby grow a broader middle class as the foundation block of a strong economy and society, not to mention of discerning voters as well. Infrastructure building, easing of domestic and foreign investment parameters, programs to enhance job creation were elements of this principle.

Deal with, rather than complain about or diminish, the democratic process
He firmly believed that economic democracy was an indispensable partner, if not in fact a precedent to political democracy. He made Ledac (Legislative-Executive Development Advisory Council) an effective tool of national policy consensus by convening it weekly and providing a structured nonpolitical discussion agenda that made legislators focus on economic strategy rather than political maneuvering. Even among Cabinet Secretaries, he had this little room in Malacañang where Cabinet members were convened by him to have bull sessions over conflicting policy decisions. The officials were obliged to resolve whatever issue was being discussed by the time FVR returned, with nary a morsel of merienda served.

Leadership by example
FVR worked relentlessly, harder than anyone, seemingly everywhere—in his office, during meetings, in his car (which always had a fax machine, a stack of papers and news clippings), even over a round of golf. He had a penchant for calling up Cabinet members (like me) even at 5 a.m., having already gone through the day’s news clippings, to discuss items he had read about. He worked purposefully though—unlike the figurative gerbil on a treadmill—and was absolutely organized. He introduced the system of barcoding documents for filing and ready reference in Malacañang. We simply had to keep up as best we could as his work ethic was a motivating factor in itself.

Teamwork-oriented focus on issues, not political positioning or dynasty building
All works circled back to the question: “What can one contribute to the realization of a far better Philippines from economic doormat to emerging tiger economy by the year 2000?” Thus, was born the Philippines 2000 battle cry and the formation of Team Philippines guided by initials PRT that he coined, meaning Perform Reform Transform via Teamwork rather than scattered individual efforts.

CSW or complete staff work
It’s probably his most famous good governance principle, which he often scribbled in red ink on a memo or proposal given to him that had not gone through the thorough vetting, research and due diligence process. He paid attention to and knew detail without micromanaging and was thus understandably impatient with the Filipino penchant for being adept at talk but not at walking the talk and having an “okay na,” “pwede na yan” attitude.

Think out of the box
He practiced this as often as he could, resulting in landmark achievements like the Comprehensive Tax Reform Program that relied on expanding the tax base by simplifying the system and reducing tax rates rather than creating more taxes at higher levels; the BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area) that attained the dual objectives of promoting peace in Mindanao via private sector initiative and economic development while expanding trade relations with neighboring Muslim nations; the aggrupation of provinces into more economically viable development platforms (such as Calabarzon or Cavite, Laguna, Batangas, Rizal, Quezon).

Clearly, FVR’s good governance approach was marked by deeds not words, by enabling the populace rather than issuing an endless stream of regulations to control every aspect of behavior, by prioritizing economic democracy and not political democracy alone for the people.







https://business.inquirer.net/357350/bibingka-principle-other-good-governance-lessons-from-fvr?fbclid=IwAR1qLbIRVLLM3lriIS85QNvljds7OzKa_8mNG9WAWYEJSpQzhT30XiNsBX8

MOVING ONDr. Roberto F de Ocampo, OBE The people have spoken — overwhelmingly at that. Both Ferdinand Marcos Jr. and Sar...
09/06/2022

MOVING ON
Dr. Roberto F de Ocampo, OBE

The people have spoken — overwhelmingly at that. Both Ferdinand Marcos Jr. and Sara Duterte won by landslide margins of unprecedented historical proportions, such that continued sulking in some quarters about cheating, Smartmatic shortcomings, vote-buying, and assorted other electoral shenanigans might sadly begin to look to be just that — sulking. But with the opposition nearly obliterated at all electoral levels (for instance, only one opposition senatorial candidate won), it becomes imperative in the interest of upholding democracy for opposition-inclined forces to regroup rather than remain in a wound-licking mode.

The starting point of a substantive regrouping would be a departure from a fixation on faultfinding and complaints, acceptance of realities, and surveying the lessons from this recent electoral debacle to thoughtfully draw a viable strategy moving forward. Here are some to consider:

1. Professional surveys are a good and quite accurate gauge of public sentiment. Treating them dismissively or demeaning their findings may prove self-delusional and counterproductive. The actual results of the presidential elections were 58.7 percent for Marcos Jr. and 28 percent for Vice President Leni Robredo. Pulse Asia had it at 56 percent vs. 23 percent, Publicus at 52 percent vs. 24 percent, and OCTA Research at 58 percent vs. 25 percent. Safeguarding the professionalism of surveys is a must.

2. Our local version of the War of the Roses may have already run its course. This 15th-century war raged in England for 30-plus years as the Royal Houses of Lancaster and York (symbolized by red and white rose badges respectively) fought over the control of England’s throne. Our local version has likewise raged for about 35 years between the political powerhouses of the families Aquino and Marcos (symbolized by the colors yellow and red respectively) over the presidency of the Philippines. For this recent election, the latter downplayed its color scheme and highlighted the theme of national unity as its principal campaign strategy, thus seeming to indirectly signal “enough already” with respect to this decades-old feud. The latter resorted to the tried and previously successful strategy of color identification (though switching from yellow to pink) reinforced with a reassembling of the compelling elements and narrative of the Edsa peaceful revolution. Their massive rallies were an impressive sea of pink. In contrast, their rival’s rallies featured masses of people waving handheld Philippine flags. The election results may warrant a soul searching amongst the opposition on whether or not a color identification-based campaign may now be seen as divisive rather than attractive, whether the “war of the roses” scenario has become tiresome to the majority, and whether the time has come for a fresh start.

3. There still appears to be no such thing as a Catholic bloc vote. More vigorous attempts this time by Church leaders to assemble one for the recent elections may have run the risk of making the Church appear excessively partisan and out of touch with the priority yearnings of its flock. It could be that the majority do not favor seeing the Church appear to be an instrument of one political party rather than a beacon of light for the entire citizenry. There may also have been a mistaken interpretation by the church of the lglesia ni Cristo’s political success, whose starting point is an already well-developed politically enticing bloc and then approaching conclusion by going with the flow, as it were, before endorsing a candidate after careful observation of which candidate is most likely to win. The process usually doesn’t start by preselecting a candidate or political party to support. In any case, it may be that the political involvement of the Church may best be applied via lessons to the faithful on discernment, vigorous upholding of and education on Christian values, and defense of the moral compass of the nation against the rising tide of radical Western wokeness.

The foregoing are observations, not prescriptions. But for the sake of maintaining our chosen democratic system of government, we must have a vigorous “Loyal Opposition.” Opposition elements must arise from the stupor of lamenting the past and dwelling on what might have been, regroup, and positively move on.

* * *

Roberto F. de Ocampo, OBE, is a former finance secretary and was named Finance Minister of the Year in 1995, 1996, and 1997.

Business Matters is a project of the Makati Business Club ([email protected]).

Read more: https://opinion.inquirer.net/153773/moving-on-7
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Check out this LATEST ARTICLE from Dr Roberto F de Ocampo, OBE, which discusses a possible Armageddon Clock slowly creep...
12/03/2022

Check out this LATEST ARTICLE from Dr Roberto F de Ocampo, OBE, which discusses a possible Armageddon Clock slowly creeping in towards humanity... A potential Nuclear Threat that could spark a global catastrophe... Why is Russia doing what it is doing now...
Why the Nato is partly responsible for these series of events... How can we avert a disaster in the near future...

More of this on the link below.... ⬇️⬇️⬇️⬇️

⭐⭐⭐⭐⭐
Read... Read... Read...

"Nato bears a shared responsibility for how events have unfolded as Russia’s actions weren’t entirely unprovoked. Numerous sources relate the origins of provocation to the breaking of a promise forged under a well-documented “gentleman’s agreement” between then US President George H.W. Bush and Russian Premier Mikhail Gorbachev following the dismantling of the Soviet Union and the reunification of Germany, that Nato would cease to expand eastwards toward Russia..."

Read more: https://opinion.inquirer.net/?p=150933
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24/02/2022
11/12/2021

Check out this LATEST ARTICLE from Dr Robert F de Ocampo, OBE, titled PYRRHIC VICTORY!

"...A key component of Chua’s proposal is a change of the metrics used to track COVID-19 from the current system of tracking total cases to total severe/critical cases, from just total fatalities to severe cases to fatality ratio, and total vaccinated. This would allow for a clearer ongoing situationer upon which a more focused and targeted decision-making process can proceed, and minimize the possibility of unwittingly cultivating a “living in fear” mindset among the general public."

Read more: https://opinion.inquirer.net/?p=147410
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07/12/2021

The days 6, 7, and 8 were crucial in December of 1941. A little interesting trivia nowadays is due to the creation of Internet gateways, we now have SEARCH ENGINES like Google, and several pages with search bars to look for facts and useful information.

December 8, 1941 on the search engine will take you to keywords like PEARL HARBOR and Gen. DOUGLAS MACARTHUR.

Sadly, because of human need for profit, the first page that will come out of Google are all paying sites that feature and sell books from Amazon. That is the trend. On my part, as admin of this page, I'm merely utilising hashtags to keep information trending and easy to access because we are not a sponsored site.

We all have WORLD WAR 2 stories to share and for this ANNIVERSARY SPECIAL of GOLDEN KRIS FRATERNAL SOCIETY and THE VFP SONS AND DAUGHTERS ASSOCIATION, we (SDAI MEMBERS and Officers), are featuring the story of "Lolo ANDRES CLEMENTE, JR." the grandfather of SDAI VP Mike Villa-Real.

We're using hashtags like






Sent by VFP-SDAI-OFFICIAL VICE PRESIDENT Villa-Real

"My Lolo, Andres Clemente Jr., was a teacher, naging USAFFE din as 2Lt. when the war broke out. Assigned sya sa Romblon (pati Lola ko, who is also a teacher). He was assigned sa Cebu, then Panay. Nung surrender, nakulong sya sa Capas and then sa Old Bilibid, until nagkaroon ng Amnesty. Nagkasakit sya during pagkakulong nya, kaya pinabalik sa probinsya at nagpagaling. Yung Lola ko naman, buntis sa nanay ko nung 1942 pero nagtatago sya bitbit ang mga maliit na anak, palipat lipat ng bayan dahil hinahap ng mga Hapon dahil asawa sya ng USAFFE officer. Pinanganak nanay nung July 1942 sa Odiongan at kaagad umalis ang Lola kasama mga anak nya. Di natanong ng midwife at pari ang pangalan ng sanggol para ilalagay sa Birth Certificate ng Mommy ko. Kaya linagay na lang nilang pangalan ay “Usaffe Clemente” 😅

After war, naging Deped Usec ang Lolo ko at naging Congressman ng Masbate. Namatay sya April 1976"

THANK YOU FOR READING!

If you have a WORLD WAR 2 HEROIC STORY to share, please feel free to contact me so that we could feature your article here on the page.

Our country needs REAL STORIES of heroism, courage, valor, and patriotic deeds before we wake up one day and realize that no one alive among us can share what truly happened during the Second World War; the darkest days of humankind.

The Philippine government has signaled its desire to not be left behind and has announced its intent not only to import ...
12/12/2020

The Philippine government has signaled its desire to not be left behind and has announced its intent not only to import a massive supply of the vaccines (about P73 billion worth), but also to make it available to about 60 million willing Filipinos at subsidized rates, or even for free. That’s the good news. The downside is that the first batch won’t arrive here till the second quarter of 2021, at the earliest.

‘Oks na oks ba?’
By: Roberto F. de Ocampo

At the onset of 2020, no one could have imagined that this Year of the Rat would inflict upon the entire world a modern equivalent of the bubonic plague. While COVID-19 fatalities (so far numbering about 1.54 million) are far less than those of the bubonic plague (estimated at 25 million), the former’s reach has been more global, has engendered widespread physical and mental trauma, altered the course of history, affected normal human behavior drastically, and stalled the advance of economic well-being. Now, as we approach 2021, the Year of the Ox, will it be, as Filipinos may put it: “Oks na oks”? Hopefully. At best, it cannot but be better than 2020, though it may not be as good as hoped.

There are important factors to consider, some positive and others negative. These must be handled judiciously to avoid either turning positive ones negative or further aggravating negative ones. Without a doubt, the brightest light at the end of this much-extended long dark tunnel is the announcement by a number of noted pharmaceutical companies of having developed effective vaccines in record time. The ongoing debates concerning these vaccines notwithstanding (i.e., are they truly safe, what are the side effects, what is the proper interpretation of their rates of effectiveness, etc.), there appears to be an understandable rush among several countries to corner their own supply of these vaccines sooner rather than later. Already, the United Kingdom has reportedly decided to go all out in acquiring enough vaccines to inject most of its population, with no less than Queen Elizabeth II as highest priority first injectee to set the example for the rest.

The Philippine government has signaled its desire to not be left behind and has announced its intent not only to import a massive supply of the vaccines (about P73 billion worth), but also to make it available to about 60 million willing Filipinos at subsidized rates, or even for free. That’s the good news. The downside is that the first batch won’t arrive here till the second quarter of 2021, at the earliest. One would hope that between now and then, the government would have developed a precise implementation plan for its envisioned national vaccination program. For one thing, there are apparently three vaccines being acquired—Sinovac from China, and the other two from Pfizer and Johnson and Johnson of the United States, respectively. Who gets which vaccine? Where and by whom will the vaccine be dispensed? Will a codified post-vaccination documentation be in place?

I give our authorities the benefit of the doubt toward crafting a good implementation plan. But past experience elicits a heartfelt plea that the last thing we need is a variant of the seemingly arbitrary, inconsistent, and excessively bureaucratic management of the pandemic itself.

This plea assumes greater importance not only to avoid turning a hope-filled development into an annoyingly frustrating one, but also because of the difficult challenge we face in reviving our economy, which is projected to experience a 9-percent decrease in GDP by year-end. This represents a monumental, nearly P2 trillion resource gap needing a relentless, focused effort on the part of our leadership to reposition the economy toward a growth path.

Perhaps aside from stimulus packages and monetary easing, the combination of which provides funds to match a portion of the resource gap, moves toward an adept and rational balancing between a more rapid but better-targeted reopening of the economy and avoiding a resurgence of the pandemic are a must. The former is beset by seemingly endless additional bureaucratic and documentary requirements stifling even the regular activities of every citizen, and consequently the entire economy. The latter requires, among others, the continuing rapid build-up of the country’s health infrastructure.

Finally, beware of the supreme distraction, namely presidential election-year anticipation and its related political maneuverings, as 2021 is effectively the last full year of the current regime. Otherwise, “Let the games begin!” may yet thwart even incipient feelings of “Oks na oks.”

——————

Roberto F. de Ocampo, OBE, is a former finance secretary and was Finance Minister of the Year in 1995, 1996, and 1997.








09/11/2020

Please click on the LINK

Maari pong paki-CLICK ang link para sa inyong ONLINE REGISTRATION sa darating na STOCKHOLDERS MEETING.

SALAMAT PO, mga ka-SDAI! ❤️

http://bit.ly/PVBSonlineregistration

Registration starts on October 10, 2020 and ends November 10, 2020, 5pm. The data you provide will not be included in any marketing mailing list without your permission.

http://bit.ly/PVBSonlineregistration

Philippine Veterans Bank and its agency values with great importance your privacy and the protection of your personal data. In this Privacy Notice we want to provide you with clear information about how we handle your personal data and what rights you have with regard to the personal data we proce...

FEAR FACTORSept 12, 2020By Dr. ROBERTO DE OCAMPO, OBE I never thought that coursing my way through Edsa traffic would br...
12/09/2020

FEAR FACTOR
Sept 12, 2020
By Dr. ROBERTO DE OCAMPO, OBE

I never thought that coursing my way through Edsa traffic would bring a smile to my face. But it did, since in recent days I was struggling through heavier traffic than I had experienced since the pandemic and its related lockdowns insinuated themselves as the so-called new normal. The heavier traffic gave the impression of a gradual return to normalcy and engendered feelings of optimism.

Sadly, one of those Edsa sorties had me visiting a mall, resulting in dark clouds and pessimism once again setting in. Where once, not too long ago, malls were characterized by large crowds, endless shopping and eating, family gatherings, people-watching and live entertainment, now they are ghost towns by comparison. The majority of shops and restaurants are closed, such that the number of people one encounters on any given day in a mall could probably fit into a three-classroom barangay schoolhouse.

So are we about to see light at the end of this tunnel? And if so, when? The sure answer is: definitely not this year. The variants of quarantine (ECQ, GCQ, etc.) are likely to extend through Christmas, and GDP is highly likely to contract by not less than 7 percent. The year 2020 will be memorable for its misery, for its being the first time in living memory (or more) when normal contact with our fellow human beings—including among others family members, friends, neighbors, classmates, office and work mates, fellow churchgoers, etc.—would be at about the top of the list of life-threatening activities one could undertake. This year will be remembered for being the time when the law of supply and demand was supplanted by supply and demand by law, as the calibration of almost every aspect of economic and social activity has become pervasive.

It is true that health imperatives have made this level of control voluntarily accepted by the public, but it may have resulted in an unquantifiable fear factor that could impede the recovery of the economy. This dire situation is reflected in the serious declines in just about every sector of the economy as of the end of the second quarter of this year, ranging from a whopping 60-plus percent in transport, hotel, and food services activities to a “milder” 21 percent in manufacturing.

The government is optimistic about a rapid recovery, citing the continuing strength of the peso, the adequacy of foreign reserves, the effective containment of inflation and debt, plus the infusion of stimulus packages to weather the storm and strategic programs such as corporate tax reform and the acceleration of Build, build, build infrastructure projects. Would these be enough to result in the hoped-for rapid (V-shaped) recovery of the economy?

These are no doubt helpful, but much may depend on whether the current environment has so altered the mindset of the entrepreneurial community—both current business operators and potential investors—as to make risk aversion the paramount consideration of decisions to continue an existing business or launch new ones. To put it more simply and by way of example, could a restaurant survive on a 25-percent customer capacity constraint, and would anyone go into such a business with that constraint determining revenue, a stimulus package and ample credit sources notwithstanding? Maybe not.

And this decision tree could apply to many other business sectors. Would anyone enter into business while facing a stacked deck? This is probably one reason why the latest survey by the National Association for Business Economics resulted in a more pessimistic outlook for recovery not taking place till the second quarter of 2022 or later.

Continuing moves to flatten the curve, more carefully considered promulgation of quarantine levels and related guidelines, and tweaking of the government’s messaging from that of protecting the people from themselves via draconian measures toward a more encouraging and forward-looking one, are needed. Otherwise, to paraphrase a quotable quote, the main thing to fear would be fear itself.

Roberto F. de Ocampo, OBE, is a former finance secretary and was Finance Minister of the Year in 1995, 1996, and 1997.

At ANC 24/7 today, former Secretary of Finance, Dr. Roberto De Ocampo, OBE, discussed economic recovery that would trans...
15/05/2020

At ANC 24/7 today, former Secretary of Finance, Dr. Roberto De Ocampo, OBE, discussed economic recovery that would transpire in the 3rd and 4th Quarter of 2020.
He also discussed the ways to flatten the curve and gradually reopen the country.

Here is a screenshot of the interview.

I will post the LINK of the video later today.







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