Phase III 2017-2020

 

MOA Signing

AYALA -UPSE Economic Forum: MOA Signing for

Phase 3 (2017-2020)

The MOA signing of the third phase of the Ayala – UPSE Economic Forum was held last November 14, 2017 in Fairmont Hotel, Makati City. The theme for this phase (2017-2020) is Wider Views, Viral Views.

The signatories from the Ayala Corporation during the MOA signing were: Fernando Zobel de Ayala, the President and Chief Operating Officer, and Jose Gregory D. Almendras, Managing Director and Group Head of Public Affairs. From the UPSE, the signatories were: Orville C. Solon, Dean, and Joseph J. Capuno, Director of Research.  Witnessing the signing were Romeo L. Bernardo, President of Lazaro Benardo Tiu and Associates, and John Philip S. Orbeta, Managing Director and Group Head, Corporate Resources of the Ayala Corporation, Raul V. Fabella, Professor Emeritus of UPSE, and Emmanuel S. de Dios, Professor of UPSE. Other UPSE professors and Ayala Corporation officials also attended the ceremony.

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AYALA-UPSE ECONOMIC FORUM:

Towards Inclusive Capitalism in the Philippines

Fairmont Makati, 14 November 2017

Economist links manufacturing to more inclusive growth, poverty alleviation – (Business Mirror)

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Ayala-UPSE Economic Forum Goes Regional: Towards Inclusive Capitalism in the Philippines

Held in the University of the Cordilleras, Baguio City on February 27, 2018

As part of the third phase of the Ayala-UPSE Economic Forum, Dr. Raul Fabella presented his paper Towards Inclusive Capitalism in the Philippines in a public forum held in the University of the Cordilleras, Baguio City on February 27, 2018. The discussants were: Ms. Milagros A. Rimando, Regional Director, National Economic and Development Authority, CAR; Dr. Maria Monica Costales, Supervising Administrative Officer, Philippine Military Academy; and Mr. Juan Johnny Dela Cruz, Philippine Chamber of Commerce and Industry-CAR. Over a hundred participants attended, including students and professors from the University of the Cordilleras, University of the Philippines Baguio, Saint Louis University Baguio, and Seminar Mayor-Recoletos, and representatives from the business sector and government agencies.

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Held in the City Sport Club, Cebu City on May 2, 2018

To achieve a wider reach, the Ayala-UPSE Economic Forum was brought to Cebu City. Dr. Raul Fabella presented his paper Towards Inclusive Capitalism in the Philippines in a public forum this time in the City Sport Club, Cebu City last May 2, 2018. Mr. Rene Almendras, Managing Director and Public Affairs Group Head, Ayala Corporation delivered the welcome remarks and joined the panel discussion. Discussants were: Mr. Virgillo “Nonoy” G. Espeleta, President and CEO of Famcor Franchise Management and Executive Development Corporation; Mr. Fernando C. Fajardo, former Assistant Regional Director of the National Economic and Development Authority, Economics Professor of the University of San Carlos,  Executive Director of Cebu Business Club and Columnist of Cebu Daily News; and  Ms. Heledeliza Batausa, Economics Professor of the Cebu Doctors’ University and Visiting Lecturer of the University of the Philippines Cebu.

Over a hundred participants from business, government, academe and civil society attended the forum.
Related articles:
We so badly need a social transformation – (The Freeman)
Companies may invest more in machines than in people: Economist take on contractualization ban – (Cebu Daily News)

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AYALA-UPSE ECONOMIC FORUM:

Catching Up With the 4th Industrial Revolution

Mayuree Ballroom 1, Dusit Thani Makati, 06 September 2018

The Ayala-UPSE Economic Forum entitled, “Catching Up with the 4th Industrial Revolution (4IR)” was held last Thursday, September 6, at Dusit Thani Hotel Makati. Mr. Reynaldo C. Lugtu, Jr., the President and CEO of Hungry Workhouse; Dr. Emmanuel F. Esguerra, Professor from the UP School of Economics; and Ms. Rosanna A. Urdaneta, Deputy Director General of the Technical Education and Skills Development Authority (TESDA) each presented their views on the matter.From a business perspective, Mr. Lugtu presented several points on how business and management may cope with the challenges posed by the 4IR, using a holistic systems approach. In particular, businesses must find new ways of serving through improvements in quality, speed and agility, and focus on building capabilities and not technologies. Entrenched in a collaborative culture, strategies geared towards problem solving, and empathy are the most needed “soft skills” in the work place as these cannot be replaced by artificial intelligence. From a managerial perspective, the focus should be on improving systems to be more responsive, flexible, adaptive culture and current trends. Lastly on ethics and governance, he suggested a three steps framework to handle ethics: (1) understand desired outcomes, (2) understand implications of desired outcomes, and (3) maintain desired outcomes.From an academic perspective, Dr. Esguerra focused on the challenges of jobs posed by the 4IR. Other than the aforementioned issues, the 4IR also has brought about the “gig economy,” where workers work for several employers in short terms, rendering the traditional employment relationship more ambiguous. Most of the short-term, non-regular, or “contractualized” employment belong to the low-skills jobs, especially the industrial and services sectors, which also compose the majority of the labor force. The threat of automation looms over mostly low-skilled workers with tasks that are routine and manual – a group that comprises the bulk of the labor force. As such, automation also threatens to create greater inequality upon its adaptation. In the face of these threats and concerns, it is important to note that the risks brought about by 4IR should not solely be the burden of labor, but should be shared by all sectors.

From the government’s perspective, Deputy Director General Urdaneta presented the plans and strategies that TESDA devised in response to the 4IR. TESDA aims to have a Technical-Vocational Education and Training (TVET) that will develop the Philippine workforce’s agility, scalability, flexibility, and sustainability. She emphasized the focus on teaching a wide array of skills, especially soft skills (e.g. interpersonal communications, critical thinking, higher level of problem solving, etc.).

In summary, the speaker and discussants – Mr. Alex Avila, Assistant Secretary from the Department of Labor and Employment, and Dr. Sergio R. Ortiz-Luis, Jr., Honorary Chairman and Treasurer from the Philippine Chamber of Commerce and Industry – are in agreement that it is imperative that the Philippines start catching up with the changes and developments brought about by 4IR. Since low-skill jobs will be most affected, it is necessary not only to upgrade skills, but also to focus on the development of skills (mostly soft skills) for tasks that are non-routine and cognitive – tasks that cannot be readily replaced by the developments in automation and digitization. Moreover, all sectors – public, private and the academe – need to come together to respond to the changes and challenges brought about by 4IR.

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Date Speaker/s Discussant/s Title
14 November 2017 Dr. Raul Fabella, Professor Emeritus, UP School of Economics Mr. Romeo L. Bernardo, President, Lazaro Benardo Tiu and Associates  (Presentation)

Mr. George Barcelon, President, Philippine Chambers and Commerce Industry (Presentation)

Towards Inclusive Capitalism in the Philippines
26 February 2018 Dr. Raul Fabella, Professor Emeritus, UP School of Economics Ms. Milagros A. Rimando, Regional Director, National Economic and Development Authority, CAR

Dr. Maria Monica Costales, Supervising Administrative Officer, Philippine Military Academy

Mr. Juan Johnny Dela Cruz, Philippine Chamber of Commerce and Industry-CAR

Towards Inclusive Capitalism in the Philippines
2 May 2018 Dr. Raul Fabella, Professor Emeritus, UP School of Economics Mr. Rene Almendras, Managing Director and Public Affairs Group Head, Ayala Corporation

Mr. Virgillo “Nonoy” G. Espeleta, President and CEO of Famcor Franchise Management and Executive Development Corporation

Mr. Fernando C. Fajardo, former Assistant Regional Director of the National Economic and Development Authority, Economics Professor of the University of San Carlos, Executive Director of Cebu Business Club and Columnist of Cebu Daily News

Ms. Heledeliza Batausa, Economics Professor of the Cebu Doctors’ University and Visiting Lecturer of the University of the Philippines Cebu.

Towards Inclusive Capitalism in the Philippines
6 September 2018 Dr. Emmanuel Esguerra, UP School of Economics (Presentation)

Mr. Reynaldo C. Lugtu, Jr., Hungry Workhorse Consultancy (Presentation)

Ms. Marissa G. Legaspi, Technical Education and Skills Development Authority (Presentation)

 

Catching Up with the 4th Industrial Revolution