CFO – Maniolas

Last call for nominations to ’14 Presidential Awards

News

Apr 172014

SAN FRANCISCO, California — Nominations for the 2014 Gawad ng Pangulo (Presidential Awards) are still being accepted.

The Awards seek to recognize and honor overseas Filipinos and organizations that best exemplify the time-honored Filipino values of pakikipagkapwa (empathy), pagtutulungan (cooperation) and pagkakaisa (unity).

To date, more than 300 overseas Filipino individuals, organizations and foreign partners have been recognized through the Gawad ng Pangulo Awards.

There are four categories for which an individual or organization may be nominated, namely:

▪ Lingkod sa Kapwa Pilipino (LINKAPIL) Award is conferred on Filipino associations or individuals for their exceptional or significant contributions to reconstruction, progress and development in the Philippines;

▪ Kaanib ng Bayan Award is conferred on foreign individuals or organizations for their exceptional or significant contributions to Philippine reconstruction, progress and development, or have significantly benefited a sector or community in the Philippines, or advanced the cause of overseas Filipino communities;

▪ Banaag Award is conferred on Filipino individuals or associations for their significant contributions to advancing the cause or promoting the interests of overseas Filipino communities; and

▪ Pamana ng Pilipino Award is conferred on Overseas Filipino individuals who, in exemplifying the talent and industry of the Filipino, have brought the country honor and recognition through excellence and distinction in the pursuit of their work or profession.

The CFO Awards were institutionalized in 1991 under E.O. 498, issued by former President Corazon Aquino, to help identify and recognize those who have selflessly supported relief, rehabilitation and/or development programs in the Philippines.

Nominations must be submitted on or before May 28, 2014 to the Awards Committee at the Philippine Consulate General, 447 Sutter Street 6th Floor, San Francisco, CA 94108.

For rules on filing out of nominations, nomination forms and other information about the awards, please visit http://www.presidentialawards.gov.ph or like the official Facebook page of Gawad Pangulo at https://www.facebook.com/gawadpangulo

Google clings to cash for acquisitions, says CFO

Economy

Feb 282013

Google clings to cash for acquisitions, says CFO

SAN FRANCISCO (AP) — Google plans to cling to its bulging stash of cash to pay for potential acquisitions and other technology investments that might boost future profits, a top executive said Thursday. Patrick Pichette, who oversees Google Inc.’s bank accounts as the company’s chief financial officer, explained the company’s rationale for hoarding $48 billion in cash during a technology conference hosted by Morgan Stanley. “It serves the shareholder best to actually have that strategic ability to pounce” when there is the opportunity to make a major acquisition, Pichette said. Although he didn’t identify possible takeover candidates for the future, Pichette cited Google’s $12.4 billion acquisition of cellphone maker Motorola Mobility last year as a prime example of why the company believes it needs to have lots of money at its disposal. Although Motorola has been a financial drag on the company so far, Google believes having it will ultimately will help it put its digital services on more smartphones and tablet computers. The money-management policies of publicly traded companies are getting more attention as more firms hoard huge amounts of cash instead of introducing or increasing dividends to reward stockholders. Apple Inc., the world’s most valuable company and a Google rival, is currently under the most scrutiny because it holds $137 billion in cash. One of Apple’s shareholders, hedge fund manager David Einhorn of Greenlight Capital, is pressing Apple to create a new class of dividend-paying stock that would supplement the quarterly dividend of $2.65 per share that the Read More …