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Prospects for the Philippine Economy: 2020 & Beyond (01/14) Equity Compensation for U.S

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Prospects for the Philippine Economy: 2020 & Beyond (01/14) Equity Compensation for U.S 4 Contents January 2020 | Vol 95 | No 01 AmCham News Organizational Sections 10 New AmCham Associate Partners 06 About AmCham Philippines Profile 08 Officers & Directors 11 AmCham Corporate Partners 10 AmCham Corporate Partners 12 How to be an AmCham Member/ 12 How to be an AmCham Member/ Corporate Partner Corporate Partner 14 Chapters & Advocacies Business of Business 16 Committees 46 The Philippines’ Demographic Sweet 18 AmCham Staff Spot 29 Members’ Birthdays: January - February 61 Guidelines for Submission of Articles Company News 62 Index to Advertisers 50 Coca-Cola Philippines recognized as 62 AmCham Social Media Accounts Sustainability Trailblazer by WWF Philippines Upcoming AmCham Events Cover Story (01/08) Eradication of Poverty through Agripreneurship 22 Prospects for the Philippine Economy: 2020 & Beyond (01/14) Equity Compensation for U.S. Taxpayers Living Abroad 26 Arangkada Philippines: Turning on the T.A.P. (01/23) AmCham Visayas General (Tourism, Agribusiness, and Power) Membership Meeting & Induction of Officers 30 A Business Perspective on the Philippine Economy (02/21) 37th Honor Your Staff Day 37 House of Representatives: An Engine (03/01) 9th AmCham Foundation for Reform ScholaRUN - Eat & Run Editorial 20 Looking forward Feature 42 Year of the Rat 58 Marinduque Rising 52 JCCI President & CEO Shares Her Secrets to Successful Career Development www.facebook.com/ AmCham.Philippines AmCham Philippines | January 2020 5 THIS MONTH'S ISSUE The year 2020 is not only a new Year, it is a new Decade. There is much in store for AmCham members this year. (See the Editorial on page 20). In this issue we also present some interesting facts on the Economy, as well as the Lunar year of the Rat. Kung Hei Fat Choy! Cover Design by Eya Martinez Photo from Pixabay MISSION STATEMENT The Chamber exists to serve the needs and wants of Filipino and U.S. businesses through the participation of members in promoting their long-term objectives, while fostering closer relationships between the two countries and contributing to the civic and economic development of the Philippines EDITOR-IN-CHIEF: Ebb Hinchliffe PUBLICATIONS CONSULTANT/EDITOR: Leslie Ann Murray COMMUNICATIONS MANAGER: Christina Tuguigui ADVERTISING HEAD: Chet Guevara LAYOUT EDITOR: Eya Martinez PHOTOGRAPHERS: Eya Martinez and Roy Fulgado PUBLICATIONS COMMITTEE CHAIRPERSONS: Manuel R. Guillermo and Ernie Cecilia PUBLICATIONS COMMITTEE MEMBERS: Atty. Emmanuel T. Santos and J. Albert Gamboa PUBLISHED BY: The American Chamber of Commerce of the Philippines, Inc. MEMBER: Publisher Association of the Philippines, Inc. All rights reserved. AmCham Business Journal is a general business magazine published monthly by The American Chamber of Commerce of the Philippines, Inc., with offices at 2nd Floor, Corinthian Plaza, 121 Paseo de Roxas, corner Gamboa St., Legazpi Village, Makati City 1229 (C.P.O. Box 2562, Makati City 1265), Philippines; Telephone: (632) 8818-7911 to 13; Fax: (632) 8811-3081 / 8811-3184; Emails: [email protected] / [email protected]; Website: www.amchamphilippines.com. Publication Registration No.: ISSN-0116-452X All views expressed in all articles are those of the authors and not of The American Chamber of Commerce of the Philippines, Inc. The American Chamber of Commerce of the Philippines, Inc. accepts no liability for the accuracy of the data or for the editorial views contained in the articles. Publication of unsolicited articles is at the sole discretion of the Publications Committee. To adhere to publication deadlines, the Publications Committee reserves the right to defer for subsequent publication any submission due to matters of space or time constraints. Further, the AmCham Publications Committee reserves the right to refuse any submission due to style or content, or context, which may be in confl ict with AmCham mission. No article or any content thereof may be reproduced in any manner or form without the prior written consent or authorization of The American Chamber of Commerce of the Philippines, Inc. Entered as second-class mail at the Manila Post Offi ce on May 24, 1921 and on December 10, 1945. Re-entered as second-class mail at the Makati Central Post Offi ce on May 07, 1992 and under Permit #534 dated May 24, 1993. 6 | Header 8 | AmCham Officers & Directors The American Chamber of Commerce of the Philippines, Inc. Putting your Business Forward Since 1902 H.E. SUNG Y. KIM U.S. Ambassador of the Philippines Honorary Chairman PETER HAYDEN GEORGE M. DRYSDALE Capital One Philippines Support Services Corp. Marsman Drysdale Group President DONALD R. FELBAUM Optel LTD. BRUCE WINTON ROBERT M. SEARS Marriott Hotel Manila American Historical Collection Foundation, Inc. 1st Vice President Directors, Ex-Officios ROBERTO BATUNGBACAL EBB HINCHLIFFE Dow Chemical AmCham Philippines 2nd Vice President Executive Director PHILIP SOLIVEN ATTY. AILEEN TOLOSA-LERMA Cargill Philippines, Inc. Romulo Mabanta Buenaventura Sayoc de los Angeles Treasurer Law Office Corporate Secretary JOSE VICTOR EMMANUEL DE DIOS General Electric Philippines RALPH REUBEN MORALES Texas Instruments Philippines Inc. MARK LWIN President, AmCham North Luzon Chapter AIG Phils. Insurance, Inc. FRANK THIEL Quezon Power BRIAN CONNELLY Marco Polo Plaza Cebu ANDREAS RIEDEL President, AmCham Visayas Chapter Pfizer, Inc. ARIEL LACSAMANA ATTY. LEONCIO VILLA-ABRILLE 3M Philippines Casareo Villa-Abrille Development Corp. BELINDA RACELA President, AmCham Mindanao Chapter Chevron Malampaya LLC WINN EVERHART MARDIE C. TORRES Coca-Cola Far East LTD. AmCham Foundation Directors Acting Executive Director 2nd Floor, Corinthian Plaza Building, 121 Paseo de Roxas corner Gamboa Street Legazpi Village, Makati City 1229 Tels.: (632) 8818 7911 to 13 • Fax: (632) 8811 3081 Email: [email protected] • Website: www.amchamphilippines.com 10 | AmCham News New AMCHAM Associate Partners Profile VISAYAS Eastern Communications is a Telco and ICT Solutions company providing an extensive portfolio of services that include Data, Internet, Voice, Managed Services, Data Center and Cloud Services and Cyber Defense Services. We are the first communications services provider in the Philippines when we were commissioned by the Spanish government to provide the country’s first telegraphic services. Over 140 years later, we have evolved into a full-service provider of world-class telecommunications services. We continue to be the solutions partner of choice for the biggest industry players in the country. We are champions of High Tech, High Touch. As pioneers in the industry, we deem it our duty to raise the clarion call, “it’s time to bring back the human connection in the business of communications technology” In this we seek to differentiate ourselves with the other industry players: that on top of solid and reliable technology, we delight the customer with our brand of personalized service because the human connections are equally important. We take pride in being the first Philippine telecommunications company to receive the ISO 9001 mark for our business operations and CE 2.0 certified for our Ethernet Services. These recognitions show our ability to deliver cutting-edge products with service that’s unwavering, unflagging, and undeniably strong. MINDANAO Dusit International, in partnership with Torre Lorenzo Development Corporation, presents three premium destinations in Davao. dusitD2 Davao is a contemporary city hotel located at the heart of Davao City’s emerging business district, only 15 minutes away from the airport. It features 120 fully-appointed D’Luxe and Suite rooms. Guests have access to courtyard-style swimming pools, Namm Spa, an exclusive club lounge, and DFiT. The Dusit Thani Residence Davao offers 174 well-appointed studios and suites that come with complete amenities including a fully-furnished dining room and kitchenette with built- oven, induction stove and dishwasher for utmost convenience. The Dusit Thani Lubi Plantation Resort is an exclusive island resort located just off the coast of the Davao Gulf. It has 18 luxury two-bedroom seafront villas with private terraces and open-air garden bathrooms. Amenities include an all-day restaurant, beachfront infinity pool, fitness center, spa, water sports facilities, events hall, and a church. The University of Mindanao (UM) is the first private, non-sectarian university in Mindanao. It has three campuses at its main location in Davao City and seven provincial branches. UM offers diverse horizontal and vertical academic options that befits time. After 73 years, UM is the largest higher learning institution in the region to offer49 graduate programs, 66 undergraduate programs, 1 certificate program and basic education. UM was founded by Atty. Guillermo Torres Sr. in July 1946 and named then as Mindanao Colleges (MC). Its primary goal was to provide learning opportunities to the indigenous natives and pioneers of Mindanao. On December 1966, MC was chartered as the University of Mindanao, the first private, non-sectarian university in Mindanao. With deep inspiration from his parents, the eldest son, Dr. Guillermo P. Torres, Jr. took over the UM presidency and chairmanship in 2007 and continue the legacy that his parents had started. AmCham News | 11 AMCHAM CORPORATE PARTNERS AmCham Philippines has been the longest-serving and most vibrant American Chamber in Asia. Recognized as the voice of business since 1902. The AmCham Corporate Partnership offers companies year-round benefits, including expanded access to AmCham core membership resources
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