RONALD S. GOSECO

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The first use of the phrase “Goldilocks economy” is credited to David Shulman of Salomon Brothers who described it, in an article he wrote twenty-six years ago in March 1992, as an economy that is neither too hot nor too cold. In other words, a moderate economic growth environment that…

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One of the topics discussed in a recent FINEX conference was the concept of cryptocurrencies and the underlying software platform that makes cryptocurrencies feasible. In that conference, cryptocurrencies were simply defined as real money on software platforms. The most common type would be the bitcoin, which has more than doubled…

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The Financial Executives Institute of the Philippines (FINEX) will be holding the 3rd Ayala-FINEX Summit on September 20, 2017 from 2:00 pm to 7:00 at the New World Ballroom in Makati. Under the theme, “The CFO – Catalyst and Strategist in the 4th Industrial Revolution,” the summit will be led…

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At its recent mid-2017 outlook briefing, Citi still sounded cautiously optimistic about the remainder of the year, seeing the global recovery remaining on track despite rising Chinese economy concerns. As of May, global equities have rallied 10.5 percent, with emerging market equities up 17 percent on a year-to-date basis. Bond…

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In a recent CNN interview, Elon Musk estimated that Tesla would be able to assemble a completely autonomous car within two to three years. He also predicted that although the technology would be available and possible within that period, it would take another two to three years before regulators would…

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I was discussing failure analysis with my supervisor. I suddenly realized the subtle difference between managing defects in our manufacturing division and the automotive business. In our manufacturing division, we had everything under control, including failure analysis and immediate rectification. Failure analysis is the process of collecting and analyzing data…

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I recently saw an article on how procurement foiled a bid-rigging plot in Hong Kong. The Administration Procurement Department of Hong Kong’s Young Women’s Christian Association (YWCA) was reviewing tender documents last year when the staff noticed something amiss. The four bids that they received, which were under the names…

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In my stint as CFO of our energy and infrastructure division, I observed that the true key to completing a project on time and within the budget is our ability to anticipate and overcome execution risks. Risks in rapid expansion; nationwide, in various power technologies, road and rail projects may…

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The Financial Executives Institute held its 2nd General membership Meeting on February 15. The theme of the meeting was Governance and Reforms in Public Finance. We invited Budget Secretary Benjamin Diokno and the Chairman of the Institute of Corporate Directors, Francis Estrada, as speakers. It has been a long-standing advocacy…

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I was previously assigned to maintain the corporate facilities of our telecom company. My team had a KPI (key performance indicator) of keeping our mission critical facilities operating above 99 percent. This required significant effort and resources to achieve. The cost benefit ratios were constantly reviewed and every year we…

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