BENEL D. LAGUA

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Risk governance is influenced by the many dimensions of the need to gain competitive advantage, especially in a volatile and uncertain world. Beyond finance, enterprises today would have to aim for the triple bottom line of profitability, environmental and social responsibility. The business must also ensure it improves the social,…

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Getting into business used to be as simple as identifying a product or service to sell, making sure the cost of producing said product or service is kept low and earning on the margin. Apple makes money from its iPhones, iPads and accessories, while retail stores, such as Bench, sell…

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A year ago, I wrote a column explaining why banks need to develop a social safeguards policy for their lending operations. Allow me to share the rationale behind this initiative we have taken at the Development Bank of the Philippines (DBP) and share the steps we have taken to make…

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Risk appetite is commonly defined as the level and type of risk a firm is able and willing to assume in its exposures and activities, given its business objectives and obligations to stakeholders. Oftentimes, the extent of the exposures is defined through quantitative financial and non-financial metrics. A risk opportunity…

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It took one plane ride and six hours of land trip to get to San Policarpo in Eastern Samar, but it was well worth the journey. As a strong sign of commitment, the DBP President, no less—Cecilia C. Borromeo—led a small group to inaugurate a DBP Forest Project in support…

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Ricky Lacson, an AIM classsmate, is visiting from Bacolod to go to the Gawad Kalinga (GK) Enchanted Farm in Angat, Bulacan. He describes the place as a social enterprise laboratory where people engage in activities like carabao dairy production, duck processing into burgers and eggs, brewing of local teas, etc.…

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This column is anchored on a worldview espoused in a Forbes article by Donna M. De Carolis, which she entitled: “We are all Entrepreneurs: It’s a Mind-set, Not a Business Model.” Let me start by quoting liberally from her article, then share my insights. “All of us are entrepreneurs. We…

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At the recent APEC–FIND Conference on “Strengthening Credit Infrastructure,” a panel of modestly successful entrepreneurs were asked about their attitude toward borrowing from formal financial institutions. Not surprisingly, majority of the speakers expressed their fear of borrowing, especially after citing horror stories of friends and acquaintances about being trapped by…

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Gina Lopez, the secretary of the Department of Environment and Natural Resources (DENR), recently welcomed Dr. Saamdu Chetri, the executive director of Bhutan’s Gross National Happiness (GNH) center. Bhutan is a major advocate of using GNH as a measure of quality of life in more holistic terms than the standard…