Citibank Makati Seven Lessons I’ve Learned From Citibank Makati
By Romeo L. Bernardo
ON Oct. 23, my three co-authors and I launched our book blue-blooded Momentum: Bread-and-butter Reforms for Abiding Growth.
Our book editor, acclaimed adept announcer Roel Landingin, explains what it’s all about: “In this accumulating of bi-weekly columns appear from 2008 to 2019, bristles of the country’s arch bread-and-butter commentators — Romeo Bernardo, Calixto Chikiamco, Emmanuel de Dios, Raul Fabella and the backward Cayetano Paderanga — put avant-garde observations and recommendations on some of the best awkward problems adverse bread-and-butter advance in the Philippines. But the essays do not consistently abide on bread-and-butter assay and prescription: they additionally burrow into broader capacity alignment from motorcycle riding, US China rivalry; Mark Twain, basketball and alive in government amid others.“
Why the appellation Momentum?
In the acceptable animadversion of the evening, Foundation for Bread-and-butter Freedom President Toti Chikiamco explained on our behalf:
“Truth to tell, we kicked about a few ideas. Prof. De Dios appropriate ‘Wokenomics,’ acquired from the accepted burghal slang, ‘Woke,’ which agency to be alive and consistently acquainted of perceived injustices. However, afterwards a few discussions and several backward night dinners, we acclimatized on the added actual but added applicable ‘Momentum,’ with the explanation ‘Economic Reforms for Comestible Growth.’”
“The chat is appropriately ‘Momentum’ because the Philippines has burst from its bang and apprehension aeon in the past. It’s canoeing forth at 5-7% GDP growth, which is amid the fastest in the region, and no agnosticism due to reforms in the past. The big catechism now is: how to sustain and alike advance bread-and-butter growth?
“We achievement this book food the answer. It’s a curated accumulating of the author’s accessories in BusinessWorld, which they wrote as associates of the lath of IDEA, or the Institute of Development and Econometric Analysis, the bread-and-butter analysis alignment that the backward Dondon Paderanga founded and area he arrive us to be lath members. This book is additionally a admiring accolade to our backward acquaintance Dondon.
“This book was fabricated accessible by accompany and supporters. I don’t accept to adduce them, but they apperceive who they are. They may not absolutely accept the aforementioned account as the authors, but they allotment with us a adulation of country and admiration to accumulate the drive of bread-and-butter growth. Thank you again. We affiance to administer the book as broadly as possible, conceivably access it into the accessible area afterwards a assertive period, to adorn the abode on the bread-and-butter administration of the country.”
At the barrage at the Fairmont Hotel in Makati, we were best accustomed by the appearance of such accessible area luminaries as above President Fidel Ramos, above Prime Minister Cesar Virata, Central Bank Governor Ben Diokno, Chief Justice Artemio Panganiban, Monetary Lath Member Philip Medalla, Representative and Assistant Stella Quimbo, Antagonism Commission Chair Arsenio Balisacan, Senator Serge Osmeña, above Secretaries Gerry Sicat, Roberto de a Ocampo, Gary Teves, Romulo Neri, Popo Lotilla and Accepted Joe Almonte; and business leaders and admiral such as Endika and Montxu Aboitiz of AEV, Oscar Reyes of the MVP group, MAP President Riza Mantaring, ECOP President Serge Ortiz Luis, SHEDA Chair Jeff Ng, Bulletin Chair Basilio Yap, BusinessWorld Editor-in-Chief Roby Alampay, Harvard Alumni Association President Anthony Abad ( who attentive and alluringly emceed) and others too abounding to mention.
The book enjoyed acceptable avant-garde acclaim — able-bodied adapted for 80% of the book — acknowledgment to my four co-authors, in whose accuracy I appropriately bask.
Here are excerpts from some of our “reviewers”:
From Chief Justice Panganiban: “If anytime there would be a Supreme Court for bread-and-butter matters, I anticipate the authors of this book calmly aggregate its associates (or at least, some of the added sagacious) and the book would accommodate their battleground ponentias to be read, re-read and obeyed not alone by attorneys and economists but added chiefly by the action makers of our country and the accepted accessible as well.”
From Cesar Virata: “Can we present the writings of these ‘raging incrementalists’ afore the Executive and Legislative Branches as their certified calendar in July 2019? I animate readers to accept advocacies assigned in this abstract of ideas.”
From Stella Quimbo: “Dear action maker, do the country a favor. Apprehend this book. It contains the roadmap to bread-and-butter Shangri-la.”
From above President Ramos’ National Security Adviser, Jose Almonte: “The nation is beholden to the accomplished economists who are the authors of this book. Their thoughts and writings in the aftermost decade accept helped anatomy an bookish accord that paved the way for reforms to abode the basis account why this country is amid the atomic developed in this allotment of the world.”
From House Ways and Agency Committee Chair Joey Salceda: “A best alternative of anecdotic columns from BusinessWorld accounting in the aftermost decade by bristles of our country’s best acclaimed economists whose admonition I seek afore accouterment admonition to Presidents or House Speakers, or added so back I advance legislation in Congress.”
From Johanna Chua, Citibank Head of Economics for Asia: “What I acquisition auspicious in these essays is that agog accessory backroom has not bleared the accuracy of bread-and-butter arguments. The best acclimatized intellects of this country can attending through the best actual lens of acquaintance to anatomy a businesslike appraisal of action barter offs, behindhand of who is active the country.”
From Arsenio Balisacan: “Founded on decades of acquaintance in action advancement and accurate bread-and-butter thinking, the account independent in this book appearance the way avant-garde for the country to apprehend its development ambitions. Action makers, affairs managers, ameliorate advocate, practitioners, and abecedary and acceptance of development and the Philippine abridgement would do able-bodied to pay absorption — and act.”
And from Ben Diokno, himself an economics assistant and assessment writer-leader, who batten during the book launch: “The book Momentum, authored by some of our ablaze economists, will absolutely accommodate us with insights on the acceptation of bread-and-butter reforms for comestible growth… As I’ve consistently advised myself a reformist, I acclaim all the bodies complex in this book. May we accumulate the drive activity to accomplish sustained, strong, balanced, and across-the-board growth.”
Our comrade-in-arms in the Foundation for Bread-and-butter Freedom, above Finance Secretaries Bobby de Ocampo and Gary Teves, and above National Bread-and-butter and Development Authority Secretary now Monetary Lath Member Philip Medalla, wrote analogously aglow endorsements way of an astute continued Foreword.
The closing animadversion of National Scientist Raul summed the black and the book: “On account of the authors of Momentum, Romy, Toti, Noel, Dondon, and myself, let me accurate our centermost acknowledgment to all our donors and patrons; to our families; and to the babyish accompany who took the time to apprehend and animadversion on the volume… Our acknowledgment go as able-bodied to BusinessWorld, the op-ed home of our revolving column, ‘Introspective’; to Roel and Neil who shepherded the advertisement of the book; to the aggregate Fellowship of FEF who by abutting the generally blatant action debates affected us to analyze our own action stances; and to Dondon’s baby, IDEA, of whose Lath we abide members.
“This has been absolutely a journey, and I am acutely advantageous to accept had the aggregation of Romy, Toti, Noel, and Dondon while adventure it: Romy of the great curiosity; Toti of the conscionable pugnacity; Noel of the serene profundity; and Dondon the abstracted who roped us added or beneath agreeably into the ‘Introspective’ family.
“Contrary to impression, however, we are not alloyed of the aforementioned brainy fabric: Noel is the committed advanced democrat; I am added of the Deng Xiaoping pragmatist; Toti and Romy are angry incrementalists. Noel’s baccalaureate is Atenista, Toti’s and Dondon’s are La Sallista, Romy’s is Maroonista and abundance is Seminarista. Dondon, Romy, Noel, and I but not Toti are apprenticed in the UP School of Economics. Still, the aggregate ablaze of acumen that we seek and that shines on us calm is stronger by far.
“A few attempt accomplish up the aggregate ablaze that guides us: that the bazaar and the rule-of-law calm can assignment miracles; that government is best that enables the market; that it is asinine to bagatelle with long-run sustainability; and assuredly that the Philippines can do abundant bigger than contempo history suggests.
“Once more, therefore, our abstruse acknowledgment to all of you, accompany and adolescent travelers, who abutting us in this anniversary moment. With you, the journey, if still blowzy with added failures than triumphs, is itself already a reward. Together, we will abide — to adduce Dylan Thomas — to ‘Rage acerbity adjoin the dying of the light.’”
P.S. The Foundation for Bread-and-butter Freedom, a co-publisher of Momentum, won the 2019 celebrated Templeton Prize from the Atlas Network — a antagonism involving anticipate tanks and accessible advancement organizations common — on Nov. 7 in New York City, for its assignment on the abatement of restrictions on agronomical patents. The abatement of restrictions on about 2.5 actor agronomical patents is the accountable in one of Calixto Chikiamco’s accessories in Momentum.
To adjustment Momentum, alarm 3453-2375 or accelerate an e-mail at Media L. Bernardo is Vice-Chairman of the Foundation for Bread-and-butter Freedom. He was Finance Undersecretary during the Corazon Aquino and Fidel Ramos Media TAGSFeatured2IntrospectiveRomeo L. Bernardo
Citibank Makati Seven Lessons I’ve Learned From Citibank Makati – citibank makati
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