A Quote by Andrew Tan
I believe this Emperador Distillers investment in Whyte & Mackay is good for the Philippines as a whole, not only beneficial to our business.
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Investment in the eradication of hunger today is a good business decision. If we fail to make this investment, it is doubtful that we can sustain healthy economic growth. Without this investment, our nation may disintegrate into a country sharply divided between those who have enough to eat and those who do not.
Engaging in social business is beneficial to a company because it leverages on business competencies to address social issues, involves one-time investment with sustainable results, and produces other positive effects such as employee motivation and improved organizational culture.
The goal of business should not be to do business with anyone who simply wants what you have. It should be to focus on the people who believe what you believe. When we are selective about doing business only with those who believe in our WHY, trust emerges.
The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."
In this era of globalisation, I believe that the only way to push the Philippines forward is to focus our energy on improving English, mathematics, science, and technology.
I do believe that India needs a lot more foreign direct investment than we've got, and we should have the ambition to move in the same league many other countries in our neighborhood are moving. We may not be able to reach where the Chinese are today, but there is no reason why we should not think big about the role of foreign direct investment, particularly in the areas relating to infrastructure, where our needs for investment are very large. We need new initiatives, management skills, and I do believe that direct foreign investment can play a very important role.
We strongly believe that the Philippines has huge potential in the tourism industry, given our beautiful islands, moderate weather conditions, good cuisine, and the flair of Filipinos for hospitality and entertainment.
Whyte's work remains a living and usable handbook for improving our cities, our countryside, and our lives.
One of our priorities is to have an enabling environment for private investment, both domestic and foreign investment, and that means we are going to officially combat corruption because we believe that this scourge, this illness, hinders our efforts to attract private investors.
Actually, we chose the name Sun Cellular because we believe the name 'Sun' is bright, forward-looking and optimistic. It is my sincere hope that the whole Philippines will share our positive outlook, optimism and faith in the country's future.
The hot gossip in Washington is that Condoleezza Rice might have a new boyfriend. Secretary of State Rice is being linked to Canada's Foreign Minister, Peter MacKay. It's gotta be awkward dating a fellow diplomat. Like today, MacKay had to promise Condi he would get permission from the U.N. before he invaded her.
I believe that investment in sports is investment in youth. And that, in turn, is investment in the future.
In the Philippines, we don't have that much of a problem. There's not much difference between the men and the women. In our business, we always have a good mixture of the men and the women.
We believe we will be made whole by our accomplishments, our possessions, or our social status. It's written in the fabric of our DNA that life used to be beautiful and now it isn't, and if only this and only that, it would be beautiful again.
The Financial Times is a wonderful publication, as is the Wall Street Journal and many others. But the new generation is consuming media fundamentally differently. At Business Insider, we have the chance to embrace that whole-heartedly. We do not have a print legacy, digital is not our second business behind a newspaper. It is our only one.
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