Asean Bankers Association the Philippines Mr Pung Kheav Se Mr Lorenzo V Tan
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Aug/Sept 2014 ASEAN BANKER MCI (P)108/12/2012 To achieve higher growth through cooperation amongst ASEAN banks WECOME MESSAGE FROM WELCOME MESSAGE FROM PRESIDENT OF CHAIRMAN OF BANKERS ASSOCIATION OF ASEAN BANKERS ASSOCIATION THE PHILIPPINES MR PUNG KHEAV SE MR LORENZO V TAN Dear Friends and Colleagues, Dear Friends and Colleagues, On behalf of the thirty-four (34) member commercial On behalf of the ASEAN Bankers banks of the Bankers Association of the Philippines Association (ABA), I extend an earnest (BAP), I am deeply honored to welcome you to welcome -“ MABUHAY ” to all our the 44th ASEAN Banking Council Meeting and the friends and colleagues attending the 20th ASEAN Banking Conference to be held from 20 ASEAN Banking Conference and the November 12 to 14, 2014, in the beautiful island of 44 ASEAN Banking Council Meeting. Cebu – the Queen City of the South. The venue for the events is Shangri- This high point event in our calendar will be hosted by the la’s Mactan Resort and Spa, a lush garden tropical paradise in the island Bankers Association of the Philippines (BAP) from the 12th to of Mactan, Cebu. 14th November 2014, at the Shangri-La Hotel, Mactan, Cebu, Philippines. We welcome this opportunity to host this regional gathering of bankers on a year when we at the BAP also mark our 50th Corporate Anniversary The Organising Committee at BAP has been working and 65th Foundation Year. Even before the founding of the ASEAN Bankers tirelessly to assemble subject matter experts to deliberate Association (ABA) in 1976, the BAP was already actively involved in the and provide insights on the highly relevant topics in the formative dialogues for a regional grouping of banks. This tradition of current economic situation, banking industry and regulatory regional dialogues and discussions have served their purposes over the environment, particularly in the ASEAN region. I would like years and strengthened the understanding among bankers, regulators to urge all members of ABA to participate in this prestigious and industry experts in the region. Moving forward and guided by this event and to use the conference as an avenue to share your year’s theme of “ASEAN Financial Integration: Moving Towards 2015 and views and comments during the scheduled meetings, so Beyond,” we hope that this occasion to network, exchange knowledge and as to shape our own pathways for the banking and finance challenge ideas will bring us beyond the targets of regional integration of industry in this region. This event will also present great financial markets to the laying down of the technical details for its eventual opportunities for you to network with your regional peers and realization. Our hope, as this year’s host, is to bring the discussion away business leaders. from the motherhood statements and closer to the implementation details of system integration, market symmetries and regulatory harmonization. I would like to thank BAP for hosting and arranging a list of interesting programmes and exciting activities for all The Filipino is famed for his hospitality and we, in the BAP will do our participants to relish. I wish to extend my acknowledgment best to emulate such value. We programed the activities to ensure that to H.E. Cesar V Purisima, Finance Secretary of the Philippines, it will not be all work and no play. We have organised local industry and who has very kindly agreed to deliver the keynote address cultural tours for the delegates to experience the Visayan culture, taste for this conference. Thus, augmenting this event to be very the native cuisine and view the historical spots of the city. We will also valuable to all delegates attending the conference. offer the fairways to those who will opt to play golf. I look forward to seeing you all at the event and wish you a We look forward to welcoming you in Cebu. E rewarding and memorable time in Cebu City, Philippines. E LORENZO V. TAN PUNG KHEAV SE President Chairman, ASEAN Bankers Association Bankers Association of the Philippines Chairman, The Association of Banks in Cambodia ASEAN Bankers Association Website:www.aseanbankers.org Designed & Printed by SC (Sang Choy) International Pte Ltd 2 ASEAN Bankers Association I Aug / Sept 2014 TOURIST SNIPPETS OF CEBU, PHILIPPINES Courtesy from the Department of Tourism, Philippines – It is more fun in the Philippines The city of Cebu is known as the “Queen City of the South” For a more adrenaline-pumping view, ride the Edge Coaster —and rightly so. more than 130 meters off the ground, or go for a Sky Walk at the Crown Regency Cebu. As the first Spanish settlement in the Philippines, it has some of the country’s most iconic heritage spots. As a major trading Malls like Ayala Center and SM City provide a range of port and site for some of the nation’s fastest-growing industries, shopping, dining and leisure activities for various budgets. it reinforces its multiculturalism with progression. This heady mix of urban vibes and casual provincial airs makes it a favorite While you’re at it, don’t forget to stuff yourself silly with lechon destination of those seeking a showcase of the harmonious (roast pig), which Anthony Bourdain called “the best pig ever” on co-existence of history, culture and modernity. an episode of his hit television show No Reservations. Zubuchon and CNT Lechon serve some of the best lechon in Cebu. Explore the city’s rich past with a visit to its historical landmarks. Other traditional and no less yummy Filipino dishes are Magellan’s Cross commemorates the moment Portuguese best enjoyed at Café Laguna, the Golden Cowrie Native explorer Ferdinand Magellan planted a wooden cross on Cebu’s Restaurant and Abuhan. soil to mark converting its locals to Christianity. Sophisticated palates will enjoy the international buffet and The Basilica del Santo Niño houses one of the country’s oldest vegetarian menu at Shangri-La Mactan’s Tides and Marco Polo religious relics: a statue of the Child Jesus that dates back to 1521. Plaza Cebu’s Cafe Marco, or the savory Chinese offerings at the Fort San Pedro is the smallest Spanish outpost in the Cebu Waterfront Hotel & Casino’s Tin Gow. Philippines, while the Casa Gorordo and Yap-San Diego Gustatory exploits can also be had at Nonki (Japanese), Café Ancestral House give a glimpse into residential life in Cebu Orchidia (Italian) and La Marea (try their best-selling warm during the Spanish era. brownie cups). The Museo Sugbo showcases the province’s history. And if you No visit to Cebu is complete without a taste of its nightlife. Dive can brave the cacophony, walk down Colon Street, the oldest into a little debauchery at hip spots in IT Park or Crossroads. street in the Philippines. Or just park yourself at your hotel bar. Treff boasts inventive Not much of a history buff? Cebu still has a lot to offer. Head dishes and a beautiful glass-and-white façade, while the scenic to Tops, a popular observation deck that offers romantic views Blu Bar & Grill was named one of Asia’s best bars by Travel + of the city. Leisure Asia. E ASEAN Bankers Association I Aug / Sept 2014 3 FROM THE DESK OF THE SECRETARY GENERAL Since the last newsletter there have in the survey on Financial Institutions – its unique Filipino culture, beauty, history been more frequent reports and news of Trade & Supply Chain Finance. This to assist and one of the best diving spots in the cybercrime and security being reported. policy makers, regulators and the industry world. It will indeed be an idyllic place This is in the midst of the other pressing to better understand the impact and to take stock and deliberate as an ASEAN issues on the finance industry to meet challenges of diverse regulations on the community on the progress of ASEAN the growing challenges of regulatory capacity of financial institutions to supply Economic Community (AEC) blueprint for compliance and capital requirements, chain financing. Results are expected to the Financial Sector with the fitting theme including liquidity in BASEL III. Our finance out in late September 2014, which will of “ASEAN Financial Integration: Moving industry, regardless of size is dependable be too late for this newsletter but these Ahead to 2015 and Beyond”. to a large extent on the information will be shared in the coming Conference technology hence very vulnerable to cyber and Council meeting in November 2014. On this compelling subject that is receiving risks coming from all shapes and sizes. Connectivity are also being made with much international attention, I strongly The negative outcome of which can be other organisations, like the China ASEAN urge your attendance and look forward of substantial economic and reputational Business Council on potential business to meeting of all of you in Cebu this impact. To keep our members abreast linkages for our members in the Maritime November 2014. on this area, we have incorporated an Silk Road push in this Region by China. article contributed by Deloitte Southeast On a more personal note, I wish the Asia Financial Services Practice, entitled The capstone event for this year, the ASEAN President, Management and members Transforming Cybersecurity - New Banking Conference and Council Meeting of BAP a “Happy and Blessed Golden th Approaches for Evolving Threat Landscape is fast approaching around the corner. Anniversary and 65 Foundation Years” in this edition of our ASEAN Banker. The Bankers Association of the Philippines and many more successful years of their (BAP), our host has been working very hard thought leadership for the banking and As part of on-going efforts to engender our to make this a memorable and fruitful finance industry in Philippines in your network and promoting advocacy for our event to be held at the Shangri-La Hotel, celebrations this August 2014.