Security Bank holds its Economic Forum 2017

(Left to right) Head of Rates & Credit Research at Standard Chartered Singapore Kaushik Rudra, Department of Finance Usec. Gil Beltran, Security Bank EVP & Treasurer Raul Martin Pedro and Karen Davila exchanged insights during the open forum.

Security Bank Corporation (PSE: SECB) once again gathered the top brass of the banking industry as distinguished local and international speakers discussed the new challenges affecting local and international businesses in its annual economic forum on November 21, 2017 at the Rizal Ballroom of Makati Shangri-La, Manila.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr., Usec. and Chief Economist of the Department of Finance (DOF) Gil Beltran, and Head of Rates and Credit Research at Standard Chartered Singapore Kaushik Rudra were the notable speakers invited to the exclusive gathering of Security Bank clients and the countryโ€™s business and industry leaders.

 โ€œWith the increasing pace of economic growth in the region, the rest of the world is looking at Asia for positive developments and opportunities. Countries in this region, especially the Philippines, now stand in the global spotlight. At a time when markets and regulations change at an unprecedented speed, there is clearly a role for financial institutions to help bridge this gap between local and global economies โ€“ in service of our stakeholdersโ€, said Security Bank Chairman Alberto S. Villarosa.

Security Bank knows how important it is for its customers and partners to be well-informed of new opportunities and threats in the financial sector. Thus, as part of its BetterBanking commitment, Security Bank organized its Economic Forum in order to support customers as they aspire to further grow their businesses.

BSP Governor Nestor Espenilla, Jr., delivered the keynote message, emphasizing that the prospects for the Philippine economy remain bright and that it is โ€œstill one of the fastest growing economies in the world,โ€ with 75 consecutive quarters of uninterrupted and increasingly broad-based growth. According to BSP Governor Espenilla, the annual economic growth of the country has been running above 6 percent in the last five โ€“ and that for the third quarter of this year, the countryโ€™s GDP picked up to 6.9 percent. In his message, BSP Gov. Espenilla eased the participants on their concerns regarding the depreciation of the peso and stressed the overall healthy condition of the Philippine banking system. He also guaranteed that the BSP is continuously finding ways to make the domestic economy more resilient against external shocks โ€“ even as our country continue to allow greater exchange rate flexibility.

BSP Gov. Espenilla emphasized the importance of the digitization of the payments system as one of the drivers of financial inclusion. He specified strategic e-commerce initiatives, stating that the BSP maintains an โ€œopen-minded approachโ€ to financial technology, treating it as an opportunity to innovate and promote inclusive growth. Recently, the BSP launched the Philippine EFT System and Operations Network (PESONet), the first automated clearing house that aims to eventually replace paper check payments. Furthermore, the BSP is working with the Congress to establish a biometric national ID systems.  Early next year, the BSP will launch InstaPay in order to enable mobile payments in support of e-commerce. He closed his keynote message by assuring the public of BSPโ€™s commitment and capability to foster an enabling environment in order to prepare the country in the age of the Great Convergence.

Usec. Gil Beltran of the Department of Finance focused on the economic fundamentals, elaborating on where the local economy stands and the vision of the current administration for the Philippines. Beltran discussed the current efforts of the government in order to improve the delivery of services that are strongly linked with businesses through automation and streamlining. He cited the governmentโ€™s ongoing projects such as the Philippine Business Data Bank, DOF Data Harmonization and Online Unified Business Application Form which can help the government conduct faster bidding procedures and ease the laborious processing for smaller businesses โ€“ which will encourage entrepreneurship among Filipinos. Beltran also touched on the Tax Reform and the governmentโ€™s Build, Build, Build programs, stating that the DOF is working closely with the Department of Trade and Industry to ensure that tax incentives are given to positive initiatives and worthwhile infrastructure projects.

With his global perspective, Mr. Kaushik Rudra focused his presentation on the economic reality happening around the world and the challenge and growth areas for emerging markets. He presented trends in the major economies of the US, Europe and China. Fundamental in his presentation was his economic heatmap which compares key economic indicators of different Asian countries.

 โ€œSecurity Bank has been organizing this Economic Forum for many years now, and each year we receive positive feedback from customers telling us about how the insights from the speakers have helped them in their personal and business ventures. It is our BetterBanking commitment to provide support and partner with customers in order to further grow their businesses through relevant business forums such as thisโ€ said Security Bank President & CEO Alfonso Salcedo, Jr.

Search

AllHome - Agro
AllHome - Antipolo
AllHome - Bacolod
AllHome - Bataan
AllHome - Butuan
AllHome - Cabanatuan
AllHome - Cauayan
AllHome - CDO
AllHome - Cebu
AllHome - Dasmariรฑas
AllHome - Evia
AllHome - Gapan
AllHome - General Santos
AllHome - General Trias
AllHome - Global South
AllHome - Iloilo
AllHome - Imus
AllHome - Kawit
AllHome - Koronadal
AllHome - Las Piรฑas
AllHome - Libis
AllHome - Malolos
AllHome - Mintal
AllHome - Naga
AllHome - North Molino
AllHome - Pampanga
AllHome - QC
AllHome - QuickFix Camella East
AllHome - QuickFix Farm
AllHome - QuickFix M1 Annex
AllHome - QuickFix Masibay
AllHome - QuickFix Springville
AllHome - QuickFix Symphony
AllHome - QuickFix Venezia
AllHome - Salawag
AllHome - San Ildefonso
AllHome - Santiago
AllHome - Shaw
AllHome - Silang
AllHome - SJDM
AllHome - South Molino
AllHome - Sta. Maria
AllHome - Sta. Rosa
AllHome - Sto. Tomas
AllHome - Taguig
AllHome - Tanza
AllHome - WCC
AllHome - QuickFix Citta Italia

  • Aerophone - Ayala Center Cebu
  • Aerophone - Cybertech Quezon City
  • Aerophone - SM Cebu
  • Aerophone - SM Manila
  • Aerophone - SM San Lazaro

This will close in 0 seconds

  • CYA Industries Inc - Bacolod
  • CYA Industries Inc - CDO
  • CYA Industries Inc - Cebu
  • CYA Industries Inc Showroom - Shangrila
  • My Homedepot - Baliuag Tangos
  • My Homedepot - Alabang Zapote
  • My Homedepot - Angono
  • My Homedepot - Barrera
  • My Homedepot - Batangas
  • My Homedepot - Cabanatuan
  • My Homedepot - Calapan
  • My Homedepot - Caloocan
  • My Homedepot - Candelaria
  • My Homedepot - Candon
  • My Homedepot - Daet
  • My Homedepot - Dasma
  • My Homedepot - Fairview
  • My Homedepot - Guagua
  • My Homedepot - Gumaca
  • My Homedepot - Iba
  • My Homedepot - Imus
  • My Homedepot - Los Banos
  • My Homedepot - Malasiqui
  • My Homedepot - Marikina
  • My Homedepot - Mayapyap
  • My Homedepot - Nayon Nova
  • My Homedepot - Niog 3
  • My Homedepot - Novaliches
  • My Homedepot - Pasong Putik
  • My Homedepot - Olongapo
  • My Homedepot - Palanginan
  • My Homedepot - Pilar
  • My Homedepot - Paranaque
  • My Homedepot - Pulilan
  • My Homedepot - Roxas
  • My Homedepot - San Jose
  • My Homedepot - San Marcelino
  • My Homedepot - San Rafael
  • My Homedepot - Santiago
  • My Homedepot - Silang
  • My Homedepot - Sorsogon
  • My Homedepot - Sta Cruz
  • My Homedepot - Tarlac
  • My Homedepot - Taytay
  • My Homedepot - Urdaneta

This will close in 0 seconds

  • Petbuddy Antipolo
  • Petbuddy Bataan
  • Petbuddy Dasmariรฑas
  • Petbuddy Evia
  • Petbuddy Malolos
  • Petbuddy North Molino
  • Petbuddy South Molino
  • Petbuddy Springville
  • Petbuddy Sta. Rosa
  • Petbuddy Taguig

This will close in 3 seconds

  • Allbikes Evia
  • Allbikes Sta Rosa

This will close in 0 seconds

  • Allsports Bataan
  • Allsports Evia
  • Allsports Malolos
  • Allsports Nomo
  • Allsports Sjdm
  • Allsports Taguig
  • Alltoys Bataan
  • Alltoys Evia
  • Alltoys Malolos
  • Alltoys Nomo
  • Alltoys Sta. Rosa
  • Alltoys Taguig

This will close in 1 seconds

  • Finds - Bataan
  • Finds - Dasmarinas
  • Finds - General Trias
  • Finds - Iloilo
  • Finds - Las Pinas
  • Finds - Malolos
  • Finds - Naga
  • Finds - NOMO
  • Finds - Shaw Blvd.
  • Finds - SJDM
  • Finds - Sta.Rosa
  • Finds - Taguig

This will close in 0 seconds

  • Market Liberty - Evia

This will close in 0 seconds

  • No Name - Bataan
  • No Name - Dasmarinas
  • No Name - Pampanga
  • No Name - Sta. Rosa

This will close in 0 seconds

  • The Athlete'S Foot - Bataan
  • The Athlete'S Foot - Evia
  • The Athlete'S Foot - Sta Rosa

This will close in 0 seconds

  • Pull And Bear - Cebu
  • Pull And Bear - SM Megamall
  • Pull And Bear - Trinoma

This will close in 0 seconds

  • Zara - Cebu
  • Zara - Glorietta
  • Zara - Greenbelt
  • Zara - SM Megamall
  • Zara - SM Mall of Asia
  • Zara - ONE BHS, BGC
  • Zara - Rockwell
  • Zara - Shangrila
  • Zara - Trinoma

This will close in 0 seconds

  • Massimo Dutti - Greenbelt 5
  • Massimo Dutti - Rockwell

This will close in 0 seconds

  • Bershka - Cebu
  • Bershka - Glorietta
  • Bershka - Megamall
  • Bershka - Mall of Asia
  • Bershka - Shangrila

This will close in 0 seconds

  • Stradivarius - SM Aura
  • Stradivarius - Glorietta
  • Stradivarius - Megamall
  • Stradivarius - Shangrila

This will close in 0 seconds

  • Mandaue Foam - Butuan
  • Mandaue Foam - Cebu
  • Mandaue Foam - Banilad
  • Mandaue Foam - Bohol
  • Mandaue Foam - Cebu
  • Mandaue Foam - Quimpo
  • Mandaue Foam - Shaw Blvd.
  • Mandaue Foam - (Philfoam) Cainta, Rizal
  • Mandaue Foam - (Philfoam) Las Pinas
  • Mandaue Foam - (Philfoam) Lipa, Batangas
  • Mandaue Foam - (Philfoam) Quezon Avenue

This will close in 0 seconds

  • Our Builders Warehouse - Bocaue
  • Our Builders Warehouse - Guiguinto
  • Our Builders Warehouse - Mabalacat
  • Our Builders Warehouse - Malolos
  • Our Builders Warehouse - Tagaytay
  • Our Builders Warehouse - Dasmarinas

This will close in 0 seconds

  • 158 Designers Blvd - Pasay

This will close in 0 seconds

  • Anne Klein - Rockwell

This will close in 0 seconds

  • Armani Exchange - Rockwell

This will close in 0 seconds

  • Bobbi Brown - SM Mall of Asia

This will close in 0 seconds

  • Charriol - Rockwell
  • Charriol - Pasay

This will close in 0 seconds

  • Clarins - Rockwell

This will close in 0 seconds

  • Clinique - SM Mall of Asia
  • Clinique - Rockwell

This will close in 0 seconds

  • Coach - Rockwell

This will close in 0 seconds

  • Diesel - Rockwell

This will close in 0 seconds

  • Diptyque - Rockwell

This will close in 0 seconds

  • Furla - Rockwell

This will close in 0 seconds

  • Jo Malone - Pasay

This will close in 0 seconds

  • Estee Lauder - Rockwell

This will close in 0 seconds

  • Kate Spade - Rockwell

This will close in 0 seconds

  • Kenneth Cole - Sm Mall of Asia
  • Kenneth Cole - Rockwell

This will close in 0 seconds

  • Kurt Geiger - Rockwell

This will close in 0 seconds

  • Lacoste - Rockwell
  • Lacoste - SM Mall of Asia
  • Lacoste - Pasay

This will close in 0 seconds

  • Loccitane - Pasay
  • Loccitane - Rockwell

This will close in 0 seconds

  • Mac - SM Mall of Asia
  • Mac - Pasay
  • Mac - Rockwell

This will close in 0 seconds

  • Makeroom Rockwell

This will close in 0 seconds

  • Michael Kors - Rockwell

This will close in 0 seconds

  • NARS - Rockwell

This will close in 0 seconds

  • Steve Madden - SM Mall of Asia

This will close in 0 seconds

  • Swarovski - Rockwell
  • Swarovski - SM Mall of Asia
  • Swarovski - Pasay

This will close in 0 seconds

  • Tommy Hilfiger - SM Mall of Asia
  • Tommy Hilfiger - Pasay

This will close in 0 seconds

  • Tory Burch - Rockwell

This will close in 0 seconds

  • Iswitch - Antipolo
  • Iswitch - Alabang Town Center Retail
  • Iswitch - Glorietta
  • Iswitch - Molino
  • Iswitch - Nuvali
  • Iswitch - QMall
  • Iswitch - UP Town Center

This will close in 0 seconds

  • Urban Gadgets - Ayala The 30Th
  • Urban Gadgets - Ayala Vertis North
  • Urban Gadgets - ONE BHS, BGC
  • Urban Gadgets - SM Mall of Asia

This will close in 0 seconds

  • Painthub - Pasig

This will close in 0 seconds

Underlying documents required 

  • Download the files and save them on your device [insert links to MTAF, TTAF, etcโ€ฆ] 
  • Open the files using your deviceโ€™s PDF reader. 
  • Fill in all the fields.  
  • Print a copy of the file. 
  • Sign the document using a wet signature. 
  • Submit the MTAF or TTAF to your desired branch (Please
    coordinate with your corporationโ€™s RM for pick up/drop off instructions) 

Download the Money Transfer Application Form 

Download the Telegraphic Transfer Application Form

This will close in 0 seconds