PROGRAM

  9:00 am to 9:20 am Manila Time (GMT +8)  

Opening Program

Opening Remarks
Dr. Aniceto C. Orbeta Jr.
President
Philippine Institute for Development Studies

Keynote Speech
Dr. Karl Kendrick T. Chua
Secretary of Socioeconomic Planning
PIDS Board Chairperson

Host
Dr. Sheila V. Siar
Director, Research Information Department
Philippine Institute for Development Studies

  9:25 am to 11:30 am Manila Time (GMT +8)  

APPC Webinar 1: Resetting Capitalism 

Speaker
Resetting Capitalism
Today's capitalism is corporate capitalism. If we want to reset capitalism, we need to rethink the way corporations are run, starting from the famous Friedman’s doctrine. This includes as to what extent his ideas are still valid today, to what extent are not, and how should we modify them if we want to reset capitalism.

• Prof. Luigi Zingales
  Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance
  Faculty Fellow, Stigler Center
  The University of Chicago Booth School of Business

Panelists
Mr. Antonio Jose U. Periquet
Chairperson, Campden Hill Group
Director in publicly listed corporations (Ayala Corp, BPI, DMCI Group, URC, Philippine Seven)

Dr. Benito L. Teehankee
Jose E. Cuisia Professor of Business Ethics
Management and Organization Department
Ramon V. del Rosario College of Business
De La Salle University

Moderator
Mr. Romeo L. Bernardo
President and Managing Director, Lazaro Bernardo Tiu & Associates
Board Director, Management Association of the Philippines and Finex Foundation
Board Director in publicly listed corporations (ALFM, BPI, Globe Telecom, AEV, RFM Corporation, PHINMA Inc.)

PROFILES

DR. ANICETO C. ORBETA JR.

President
Philippine Institute for Development Studies

Dr. Aniceto C. Orbeta Jr. is the President of the Philippine Institute for Development Studies. His research interests include education and labor market issues, social protection, impact evaluation, applied economic modeling, and information and communication technologies. He has a PhD in Economics from the University of the Philippines School of Economics (UPSE) and did postdoctoral studies at Harvard University. He was a professorial lecturer at UPSE and a visiting researcher at the Asian Development Bank Institute. He also served as a consultant to multilateral and bilateral agencies and principal investigator for the Innovations for Poverty Action.

DR. KARL KENDRICK T. CHUA

Secretary of Socioeconomic Planning and PIDS Board Chairperson

Secretary Chua joined NEDA last April 20, 2020.

His top three priorities upon being appointed as Socioeconomic Planning Secretary amid the COVID-19 crisis include: fast-tracking the National ID System, the economic recovery plan, and the Build, Build, Build Program. 

Prior to his appointment, he was Undersecretary for the Strategy, Economics, and Results Group in the Department of Finance (DOF). In this capacity, he helped the government implement its ten-point socioeconomic agenda by ensuring equitable and sustainable financing through the Comprehensive Tax Reform Program.

Prior to joining the government, he was the World Bank’s senior country economist for the Philippines from 2004 to 2016. He advised the government on strategies and policies to attain more inclusive growth—the type that creates more and better jobs and reduces poverty. Before his role in World Bank, he served as assistant professorial lecturer of mathematics and economics at the Ateneo de Manila University, where he also completed his BS in Management Engineering in 2000. Secretary Chua completed his MA in economics in 2003 and PhD in economics in 2011 at the University of the Philippines School of Economics.

He was named one of the Ten Outstanding Young Men and Women (TOYM) in January 2019 by the Junior Chamber International (JCI) Philippines.

PROFESSOR LUIGI ZINGALES

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance
Faculty Fellow, Stigler Center
The University of Chicago Booth School of Business

Professor Luigi Zingales is Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance and faculty director of the Stigler Center at Chicago Booth. Zingales' research interests span from corporate governance to financial development, from political economy to the economic effects of culture. He co-developed the Financial Trust Index, designed to monitor the level of trust that Americans have toward their financial system. In addition to his position at Chicago Booth, Zingales is currently a faculty research fellow for the National Bureau of Economic Research, a research fellow for the Center for Economic Policy Research, and a fellow of the European Governance Institute. Zingales also serves on the board of ProMarket and is the co-host of the podcast Capitalisn't.

MR. ANTONIO JOSE U. PERIQUET

Chairperson, Campden Hill Group
Director in publicly listed corporations (Ayala Corp, BPI, DMCI Group, URC, Philippine Seven)

Mr. Anton Periquet is Chairman and Managing Director of the Campden Hill Group, an investment holding company that owns interests in publicly listed and private equities. He was until recently chairman of BPI Asset Management and Trust Corporation, the wealth management arm of the Bank of the Philippine Islands, and is currently a director in various publicly listed companies, including Ayala Corporation, the Bank of the Philippine Islands, DMCI Holdings, the Max’s Group, Philippine Seven Corporation, Universal Robina Corporation, and Semirara Mining and Power Corporation. He is an experienced investor and equities analyst and co-founded Deutsche Regis Partners, Inc.

DR. BENITO L. TEEHANKEE

Jose E. Cuisia Professor of Business Ethics
Management and Organization Department
Ramon V. del Rosario College of Business
De La Salle University

Dr. Benito L. Teehankee is the Jose E. Cuisia Professor of Business Ethics at the Management and Organization Department of the Ramon V. del Rosario College of Business, De La Salle University.  He is Head of the Business for Human Development Network (BHDN). His research focuses on corporate governance, leadership ethics and institutional change. He conducts governance and management development seminars for various corporations.  He serves on the boards of the Philippine Academy of Management (PAoM), Shareholders Association of the Philippines (SharePHIL), and the International Humanistic Management Association (IHMA). He has been awarded as Best Business Columnist for his writing in Managing for Society in the Manila Times by the Catholic Mass Media Awards (CMMA) and Outstanding Educator in Corporate Governance by the Financial Executives of the Philippines (FINEX).

MR. ROMEO L. BERNARDO

President and Managing Director, Lazaro Bernardo Tiu & Associates
Board Director, Management Association of the Philippines (MAP) and Finex Foundation
Board Director in publicly listed corporations (ALFM, BPI, Globe Telecom, AEV, RFM Corporation, PHINMA Inc.)

Mr. Romeo L. Bernardo has had a varied career in public institutions and the private sector. His public sector work spans teaching financial management at the University of the Philippines, a career in the Department of Finance rising to the Undersecretary post, and working in multilateral institutions—the International Monetary Fund, the World Bank, and the Asian Development Bank, where he served as Alternate Executive Director.

Presently, he provides business advice as board director in leading Philippine companies such as the ALFM family of funds (Chairman), Bank of the Philippine Islands, Globe Telecom, AEV, RFM Corporation, and Philippine Investment Management (PHINMA) Inc.

He has done policy advisory for multilateral and bilateral institutions and the Philippine government in public finance, capital markets, public-private partnership, pension reform, economic governance, and published studies and articles on them. He is the lead Philippine partner/advisor of GlobalSource Partners.

Mr. Bernardo received a Bachelor of Science degree in Business Economics from the University of the Philippines (magna cum laude) and a master's degree in Development Economics from Williams College, Massachusetts, USA.

DR. SHEILA V. SIAR

Director, Research Information Department
Philippine Institute for Development Studies

Dr. Sheila V. Siar leads the knowledge dissemination program of PIDS, which includes the Institute’s publications, seminars and events, online and social media, and knowledge databases. She has a PhD in Development Studies from the University of Auckland in New Zealand and a Master of Arts in Public Administration from the International Christian University in Tokyo, Japan. Before PIDS, she worked at a number of international organizations, including the International Institute of Rural Reconstruction, International Rice Research Institute, and International Center for Living Aquatic Resources Management.

This webinar is organized by Philippine Institute for Development Studies, with support from Bangko Sentral ng Pilipinas.