Oct 252017
 

Chinese billionaire Jack Ma says Filipinos have a “heart to serve.”

The 53-year-old Alibaba Chairman, an icon in the technology sector stressed that Filipinos are poised to weather the automation wave that has the potential to displace jobs in manufacturing.

“Artificial intelligence, robots will kill a lot of jobs for manufacturing but the services industry will always be the key,” Ma said to students of De La Salle University in Manila.

“Filipino people have the best heart (for) service. It takes centuries to build up the heart to serve the people. The Philippines has great talent, great capabilities. No other country in the world has that,” Ma said.

Read Related Story: SALt’s Aisa Mejino shares APEC stage with Obama, Jack Ma

The Philippine outsourcing industry, a key driver of employment growth, is retooling its workforce to adapt to the use of artificial intelligence.

The founder and executive chairman of e-commerce giant Alibaba came to the Philippines as De La Salle University bestowed a Doctor of Science in Technopreneurship Honoris Causa on the Chinese billionaire.

Alibaba CEO Jack Ma receives honorary degree given by the De La Salle University in Manila on Wednesday. Mark Demayo, ABS-CBN News

SECRETS TO SUCCESS

Ma said successful people chase their dreams, no matter how foolish, and complain only about themselves without blaming others.

The founder of the e-commerce giant said successful people possess “IQ, EQ and LQ” or intelligence, emotional and love quotients. An intelligent person, he said, would not succeed if he or she does not know how to deal with other people.

Read Related Story: Secrets of Successful Chinoy Entrepreneurs

Ma said he was considered a “crazy guy” when he was starting an internet-based business in China.

“Is that a silly dream? Believe (in) something that you are really passionate about. Don’t believe it because other people think it’s important,” Ma said.

“Be simple, stay foolish and no matter what, just continue,” he said.

People who fail always complain about others, Ma said.

“Only those people who check their own problems, these people survive, these people succeed,” he said, adding, “If there is no solution, don’t complain.”

TECH REVOLUTION

Ma, the world’s 23rd richest man according to Forbes Magazine, with an estimated net worth of $38.3 billion said the Philippines, with its high mobile phone penetration, was poised to ride the new technological revolution, as he urged brick and mortar enterprises to embrace e-commerce.

Read Related Story: Alibaba’s Jack Ma invests in Globe’s digital financial services

He joked that his mobile data connection was “not good” when he arrived in Manila, but this provides the government and carriers the opportunity to “work together.”

“You have the opportunity, so many mobile phones, mobile phone coverage anywhere,” Ma stressed.

“We should make the Philippines a cashless society. Cashless society, no corruption. Life is easier,” he said.

Ma said “dreamers” would lead the “third technological revolution” by building services on internet technology.

Ma stressed that Asia was at the forefront of what he calls the third technological revolution.

Ma’s Alibaba is listed on the Nasdaq Exchange in the US. His company has a controlling stake in internet marketplace Lazada, which has up to 10 million customers in the Philippines. His Ant Financial has a strategic partnership with Globe Telecom.

(Story collated from ABS-CBN Business)

The post Chinese tycoon Jack Ma says Filipinos have the “Heart to Serve,” shares Success Secrets appeared first on Good News Pilipinas.

Apr 252017
 
Top Japan brokerage invests P1.3B in COL Financial

Daiwa Securities Group has acquired a 14.9% stake in COL Financial Group, the leading online brokerage company in the Philippines. The Japanese brokerage firm announced to media the acquisition of shares valued at 3 billion yen (USD 27.4 million, PhP 1.32 billion). In a media release Daiwa said the investment in COL Financial provides Daiwa with an opportunity to participate in the fast-growing Philippine economy and further allows Daiwa to have a platform for further expansion in other Asian countries. “The securities market in the Philippines is currently significantly under-penetrated with less than one percent of population owning a brokerage account, which to our view, is an extremely good opportunity to work together with COL to help grow the retail brokerage industry in the country,” said Daiwa. “With this investment, we aim to build a stronger relationship with COL Financial and leverage the resources and networks of each other in future business development.” Daiwa brings its investment to the Philippine online brokerage firm reputed to be the fastest growing online stockbroker with over 200,000 customers and PhP 61 billion in customer assets.   The post Top Japan brokerage invests P1.3B in COL Financial appeared first on Good News Pilipinas. Related posts: Alibaba’s Jack Ma invests in Globe’s digital financial services Japan’s Sogo Sosha to invest almost P 200B in PH economy Coca-Cola to pour in 1.2 billion dollars in PHL expansion Filipinos win top prizes in Japan soy sauce cook fest

Apr 132017
 
Globe’s Ernest Cu hailed as country’s Best CEO

Ernest Cu Globe President and CEO Ernest Cu has been hailed as the Philippines’ Best CEO by FinanceAsia.  Cu bagged the top spot in the Best CEO category with 23 points according to the survey conducted by FinanceAsia, a leading publisher of financial news in the Asia Pacific region. The survey asked 180 portfolio managers and buy-side analysts from around the world on their views of listed companies in Asia with the best senior executives. “The host of citations from FinanceAsia underscores our commitment to achieve remarkable results not only in terms of financial performance but also in adhering to the principles of good corporate governance, corporate social responsibility and investor relations. I am deeply honored that Globe has been recognized for our remarkable efforts in the industry,” said Cu in a media statement. Cu emphasized that the recent success of Globe was at the heels of the company’s purpose-led transformation to become a better organization ready for the future. Anchored on its corporate vision of leading a Philippines where families’ dreams come true, businesses flourish and the nation is admired, the company defined its purpose moving forward to treat people right by creating a Globe of Good. Globe aspires to be an industry leader with purpose, helping customers discover new ways to enjoy life. Cu is the only Filipino executive to be ranked in the 2016 Global Telecoms Business Power 100. Under Cu’s leadership, Globe has remarkably gained market share every year over the last 5 years despite intense industry Read More …