Blog # 1-MIDTERM

BANK OF THE PHILIPPINE ISLANDS-well take you farther.



History

155 Years of Banking Leadership

Philippine banking has a long and colorful history. It began in 1828 when, as the Philippines reaped the benefits of increased trade, King Ferdinand VII of Spain issued a decree mandating the establishment of a public bank in the Philippines.

However, it took 23 years before that bank could become a reality. The man behind the actual organization of the bank was no less than the governor-general of the Philippines at that time, His Excellency Antonio de Urbiztondo y Eguia.

Gov. de Urbiztondo was a marquis of Solana in Spain who was named governor-general of the Philippines in 1850. His term of office was characterized by many administrative innovations, so it was not surprising that six years later, he would be called back to Madrid to take on a bigger role as Spain's new minister of war.

As the highest-ranking government official in the Philippines, Gov. de Urbiztondo called for the support of the Junta de Autoridades (a committee comprising of civil and ecclesiastical officials) in approving the bank's statutes and by-laws. The junta approved these statutes and by-laws on August 1, 1851, but it was understood that such approval had to be confirmed by the Spanish Crown.

The bank was called El Banco Español Filipino de Isabel 2, in honor of the reigning queen of Spain – Isabella II, daughter of King Ferdinand VII, who passed away in 1830. The Bank's office was located at the Royal Custom house (Aduana) in Intramuros (Intramuros was the original Manila, a European-style city enclosed by formidable stone walls).

The first managers of the Bank were Jose Maria Tuason and Fernando Aguirre, who each took turns serving as managing director every year. While the members of the Bank's highest policy-making board were essentially civil and ecclesiastical officials, there was also a businessman whom the Spanish Crown named to represent the business community of Manila. The man was Antonio de Ayala of the prominent Casa Roxas, precursor of Ayala y Cia, which is now Ayala Corporation.

The royal decree that confirmed the creation of El Banco Español Filipino de Isabel 2 also gave the Bank the exclusive privilege to issue paper money, which antedated the currency-issuing authority of the post-war Central Bank of the Philippines by about a hundred years (The present central bank, the official issuer of Philippine currency, started operations only in 1949). The original bank notes were collectively called pesos fuertes (PF), Spanish for "strong pesos."

The first bank notes (or paper money) in the Philippines had the issue date May 1, 1852 and could be redeemed in Mexican coins in gold or silver. Apart from carrying the name of the Bank as issuer of the currency, the bank notes also bore the portrait of the woman for whom the bank was named –- Queen Isabella II.

Coincidentally, the first transaction of the Bank was a lending transaction recorded on May 1, 1852, in which the Bank discounted a promissory note from a Chinese client. Three days later, the Bank recorded its first deposit from its first depositor.

On September 3, 1869, the Bank officially dropped the name of the queen after she was ousted from the Spanish throne during a revolution a year earlier. Like her father's reign, Isabella's rule had been stormy. Hence, since 1869, the Bank was known simply as El Banco Español Filipino.

Decades later, the management of the Bank decided to move out to where the business activity was. Binondo, on the northern side of the Pasig River, had emerged as the new center of business growth and, thus, gained more economic prominence than Intramuros.

The Chinese dominated the retail traffic while British merchants controlled the export-import business. Rosario Street (now Quintin Paredes) became the center of retail business while Escolta was the place for the finest of American and European shops. These were profitable sources of new business for El Banco Español Filipino after it relocated to No. 4 Plaza Cervantes in Binondo in January of 1892 on a piece of land acquired from the Dominican Order.

Through the years, the Bank had a close link with the Spanish Crown that even the establishment of its first branch had to be approved by authorities in Madrid. In fact, it took a royal order in 1896 to enable the Bank to open branches, although, again, this authority was still subject to clearance by Spain's minister of the colonies.

The Bank originally planned to open its first branch in Central Luzon during the first decade of its operations, which was sometime in the 1850s. The reason for this was the emergence of the region as a sugar-producing area. During that time, sugar was exported from this region, making the product a major source of income for local producers.

But the plan to put up this first branch did not materialize. By the time the Bank was ready in 1897, Central Luzon had been overshadowed by Iloilo and the Panay provinces in terms of economic prominence. This explains why the Bank's first branch was established in Iloilo instead, on March 15, 1897.

Following the signing of the Treaty of Paris in 1898, in which Spain ceded the Philippines and other territories to the United States, the Bank promptly shed off its Spanish character and converted into a Philippine institution. Years later, in 1912, as a result of an earlier decision of the stockholders to rename the Bank, El Banco Español Filipino became officially known as the Bank of the Philippine Islands (BPI), or Banco de las Islas Filipinas. Under the American administration, the Bank was allowed to continue issuing Philippine pesos, although no longer on an exclusive basis.

The period of rebuilding after World War II saw BPI getting actively involved in the development of industries. Although its conversion to a private bank during the American regime resulted in the loss of many privileges previously granted to it by the Spanish Crown, the Bank continued to do its share in nation building.

In 1969, the Ayala Corporation, which had been associated with the Bank since the start (either through a partner or a representative sitting on the board), became the dominant shareholder group. Following this change in the ownership structure, BPI soon became the financial flagship of the Ayala group of companies.

The ascendancy of the Ayala business house among the Bank's shareholder groups led to significant changes in the way the first bank in the Philippines conducted its business during the latter half of the 20th century. For instance, the Bank fast-tracked its growth by engaging in a merger with Peoples Bank and Trust Company in 1974. This was followed by the merger with or acquisition of Commercial Bank and Trust Company in 1981, Ayala Investment and Development Corporation in 1982, Makati Leasing and Finance Corporation in 1982, Family Bank and Trust Company in 1985, Citytrust Banking Corporation in 1996, Ayala Insurance Holdings Corporation in 2000, Far East Bank and Trust Company in 2000, DBS Bank Philippines in 2002, and Prudential Bank in 2005.

BPI officially became an expanded commercial bank (Universal bank) in 1982, and thus started engaging in non-allied undertakings.

In 2000, BPI became the first bancassurance firm in the Philippines, after it acquired the insurance companies of the Ayala Group. These companies (under the Ayala Insurance Holdings Corporation) were FGU Insurance Corporation, Universal Reinsurance Corporation, Ayala Life Assurance, Ayala Health Care, and Ayala Plans. FGU Insurance was later merged with FEB Mitsui Marine Insurance Company and is now known as the BPI/MS Insurance Corporation.

Also in 2000, the Bank introduced its internet bank, BPI Direct Savings Bank, which launched BPI into 21st century banking.

Today, BPI has maintained a leadership position in consumer banking, trust banking, and asset management, corporate banking/corporate finance, and bancassurance. With over 700 branches and around 1,100 automated teller machines, BPI boasts of having the largest combined network of branches/kiosk units and ATMs, servicing some three million depositors.

For years, international publications and rating agencies have given annual awards to BPI as one of the best banks in the region. Among these are Asiamoney, BusinessWeek, Euromoney, Far Eastern Economic Review, Finance Asia, Global Finance, The Asian Banker, The Asset, and The Banker.

BPI has consistently been cited for its above-average profitability, sufficient capital/assets, low cost funding base, and manageable non-performing loan levels. Fitch Ratings noted that BPI has a comprehensive risk management which is superior to that of its peer banks, and this serves as an important element in keeping BPI better positioned in Philippine banking in the years ahead.

With BPI E commerce the client can bankanytime, anywhere fro their PC. Using BPI's Internet Banking Facility, Express Online.

With Express Online the client can conveniently do the following:
1. Access BPI, BPI Family Savings Bank or BPI Direct acounts.
2. View the details of transactions from as far as 60 days.
3. Review redit card andloan balanes.
4. Transfer funds anytime.
5. Convert US Dollars to Pesos.
6. Pay bills through Check-Free Payments
7. Reload prepaid cellphones with express prepaid.

With this Banking Facility the cients have an access directly to their accounts.


EXPRESS PAYMENT SYSTEM (E.P.S.)

With BPI's advanced banking technology, E.P.S. allows clients to shop-- without even touching the pesos in their pocket. That's because when settling their bill at the counter, they can simply pay with their Express Teller Card at no extra charge!

For their utmost convenience, E.P.S., which is a built-in feature of your Express Teller Card, requires no enrollment. It is accepted in more than 10,000 establishments nationwide so there's no need to take the extra step of going to the ATM to withdraw. Plus, with E.P.S., their transactions are recorded in tehir bank statement so tehy can trace their spending!

BPI also has Phone Banking and Mobile Banking as like as the internet Banking.. They can easily access to their acounts without going to their banks. Clients can also email at expressonine@bpi.com.ph.


Jeazle Mae G. Hassan

Source: www.bpiexpressonline.com

Blog Question # 6

SONY CORPORATION

Sony Corporation is one of the best-known names in consumer electronics and ranks second worldwide in electronics behind Matsushita Electric Corporation. Since it was established shortly after World War II, Sony has introduced a stream of revolutionary products, including the transistor radio, the Trinitron television, the Betamax VCR, the CD player, the Walkman portable cassette player, and the PlayStation game console. The company's electronics segment--which includes audio and video products, televisions, personal computers, monitors, computer peripherals, telecommunications devices, and electronic components (such as semiconductors)--generates about two-thirds of the overall revenues. Sales of game consoles and software account for about 9 percent of revenues. Another 10 percent of revenues are derived from Sony's music businesses, which include the Columbia and Epic record labels. About 7 percent of revenues come from Sony's motion picture and television business, which includes the Columbia TriStar studio. Sony's other major business segment is insurance, from which about 6 percent of revenues originate.

Sony was founded by a former naval lieutenant named Akio Morita and a defense contractor named Masaru Ibuka. Morita, a weapons researcher, first met Ibuka during World War II while developing a heat-seeking missile-guidance system and a night-vision gun scope. After the war Ibuka worked as a radio repairman for a bomb-damaged Tokyo department store. Morita found him again when he read in a newspaper that Ibuka had invented a shortwave converter. In May 1946 the two men established a partnership with $500 in borrowed capital, and registered their company as the Tokyo Tsushin Kogyo Kabushiki Kaisha (Tokyo Telecommunications Engineering Corporation, or TTK). Morita and Ibuka moved their company to a crude facility on a hill in southern Tokyo where they developed their first consumer product: a rice cooker, which failed commercially. In its first year TTK registered a profit of $300 on sales of less than $7,000.

Principal Subsidiaries

Aiwa Co. Ltd. (50.6%); Intervision Inc.; Sony Ichinomiya Corporation; Sony Inazawa Corporation; Sony Oita Corporation; Sony Enterprise Co., Ltd.; Sony Kisarazu Corporation; Sony Kita Kanto Corporation; Kibo Industry Corporation; Sony Chemicals Corporation; Sony Kohda Corporation; Sony Kokubu Corporation; Sony Communication Network Corporation; Sony Computer Entertainment Inc.; Sony Components Chiba Corporation; Sony Siroisi Semiconductor Inc.; Sony Life Insurance Co., Ltd.; Sony Senmaya Corporation; Sony Assurance Inc.; Sony/Taiyo Corporation; Sony Digital Products Inc.; Sony Denshi Corporation; Sony Tochigi Corporation; Sony Trading International Corp.; Sony Nagasaki Corporation; Sony Nakaniida Corporation; Sony Neagari Corporation; Sony Hamamatsu Corporation; Sony Pictures Entertainment (Japan) Inc.; Sony Pictures Television Japan Inc.; Sony PCL Inc.; Sony Finance International, Inc.; Sony Plaza Co., Ltd.; Sony Precision Technology Inc.; Sony Broadcast Products Corporation; Sony Broadcast Media Co., Ltd.; Sony Bronson Corporation; Sony Marketing Co., Ltd.; Sony Max Corporation; Sony Mizunami Corporation; Sony Minokamo Corporation; Sony Miyagi Corporation; Sony Music Entertainment (Japan) Inc.; Sony Logistics Corporation; Sony of Canada Ltd.; Sony Computer Entertainment America Inc. (U.S.A.); Sony Corporation of America (U.S.A.); Sony Electronics Inc. (U.S.A.); Sony Latin America Inc. (U.S.A.); Sony Magnetic Products Inc. of America (U.S.A.); Sony Music Entertainment Inc. (U.S.A.); Sony Pictures Entertainment Inc. (U.S.A.); Sony Argentina S.A.; Sony Comercio e Industria Ltda. (Brazil); Sony Componentes Ltda. (Brazil); Sony da Amazonia Ltda. (Brazil); Sony Chile Ltda.; Sony de Mexico S.A. de C.V.; Sony Corporation of Panama, S.A.; Sony Puerto Rico, Inc.; Sony de Venezuela S.A.; Sony Austria GmbH; Sony DADC Austria A.G.; Sony Service Centre (Europe) N.V. (Belgium); Sony Czech, spol. s.r.o.; Sony Nordic A/S (Denmark); Sony France S.A.; Sony Berlin G.m.b.H. (Germany); Sony Deutschland G.m.b.H. (Germany); Sony Europe GmbH (Germany); Sony International (Europe) G.m.b.H. (Germany); Sony Hungaria kft (Hungary); Sony Italia S.p.A. (Italy); Sony Logistics Europe B.V. (Netherlands); Sony Poland Sp.z.o.o.; Sony Portugal Ltda.; Sony C.I.S. A/O (Russia); Sony Slovakia Spol. Sr. O.; Sony España, S.A. (Spain); Sony Overseas S.A. (Switzerland); Sony Eurasia Pazarlama A.S. (Turkey); Sony United Kingdom Limited; Sony Computer Entertainment Europe Limited (U.K.); Sony Entertainment Holdings Europe Ltd. (U.K.); Sony (China) Limited (Beijing); Sony Corporation of Hong Kong Ltd.; Sony International (Hong Kong) Ltd.; Sony India Limited; P.T. Sony Indonesia; P.T. Sony Electronics Indonesia; Sony Electronics of Korea Corp.; Sony Electronics (Malaysia) Sdn. Bhd.; Sony Technology (Malaysia) Sdn. Bhd.; Sony Philippines, Inc.; Sony Electronics (Singapore) Pte. Ltd.; Sony Industries Taiwan Co., Ltd.; Sony Video Taiwan Co., Ltd.; Sony Magnetic Products (Thailand) Co., Ltd.; Sony Mobile Electronics (Thailand) Co., Ltd.; Sony Semiconductor (Thailand) Co., Ltd.; Sony Siam Industries Co., Ltd. (Thailand); Sony Thai Co. Ltd. (Thailand); Sony Vietnam Limited; Sony Australia Ltd.; Sony New Zealand Ltd.; Sony Gulf FZE (United Arab Emirates); Sony South Africa (Pty.) Ltd.

Because their products is dealing with technology,they were IT oriented since the business started. They don't have a difficulties in dealing with their subsidiaries because of being oriented all long..

DOLE PHILIPPINES

Company Profile

Basic Information

Company Name:	Dole Philippines, Inc.
Business Type:	Manufacturer
Product/Services:	We have distributors for our regular products.
Number of Employees:	Above 1000 People

Ownership & Capital

Year Established:	1963
Legal Representative/Business Owner:	Danko Stambuk

Trade & Market

Main Markets:	North America South America Western Europe Eastern Europe Eastern Asia Southeast Asia Mid East Africa Oceania
Total Annual Sales Volume:	Above US$100 Million

Dole Philippines Inc. Also known as Dolefil, was established on June 26,1963. It is a fully owned subsidiary of US multinational Dole Food Company, a producer of high quality fruits, nuts, vegetables, canned pineapple, and pineapple based beverages. Dolefil accounts for more than half of Dole Food Company's total pineapple output. It is located in Polomolok, South Cotabato, a progressive farming community. It is an ideal pineapple production center with a favorable climate. At 1,400 feet above sea level, it has a fairly even rainfall year round and is located along the typhoon free area of Mindanao. Dolefil operates on a 14,000-hectare area, the world's biggest integrated pineapple plantation, cannery, and packaging complex. It has its own can manufacturing plant, corrugated box manufacturing plant, and an international shipping and wharf facility. At the heart of the Dolefil complex are expansive housing sites for employees, a 100-bed hospital, an international school, a clubhouse, and recreation facilities that includes a tennis courts, a fairlyl-equipped gymnasium, soccer and football fields, a swimming pool, and a picturesque nine-hole golf course. Dolefil has a total employee count of 4,214 as of April 1997 comprised of 328 management,135 salaried, and 3,751 hourly employees. The company hires as many as 2,000 temporary employees from Cooperatives during peak harvest, canning and packing operation. Dolefil is committed to provide employees with a decent income and opportunities to grow professionally with a year round training and development program. Approximately 95% of the total production are exported worldwide to customers in Dole or distributors' brand labels. In 1996 Dolefil shipped 21,000,000 cases of produce to its markets in Asia, Middle East, New Zealand, Australia, United States, and Europe. Dolefil continuously develops its product line to respond to growing customer needs and global competition. Traditional pineapple product lines are modified utilizing different pack styles, packing medium, number of slices or segment, and packaging. Varied formulations and fruit flavors are being introduced in its concentrate blend lines, fruit juices and drinks. Dolefil ventures on finding new products to introduce to the market. One is the tropical fruit cocktail packed in passion fruit juice medium, which provides an exotic blend to the product. Initially sold in local markets, it is now marketed to countries in Asia and the US. Recent products are a variety of fruits packed in plastic cups. Co-packers of Dolefil are also producing fruit-based packaged products. Dole Phil. is currently using the E Commerce program. Compare the two: Sony Philippines is more up-to-date with IT because of the products that deals also with technology. Dole Phil products is food industry and they are also IT oriented but lesser than SONY does because of the difference of products.

MY COPMUTER ETHICS # 6

My Computer Ethics Program
1. Use computer in legal action.
Computers provide us with new capabilities and these in turn give us new choice of action but the computer user must open only the information needed for their field of work and not using the information The user of the computer must open only their access in their field of work and they should not open the access of information not intended for them because there might be the tendency that the user might confuse of lot information.
2. The uses of the company's computer is only for the company's transaction or work.
It is not new to us that computer has many uses and one of it is a games. And using computer in having games can distract the work of an employees and it would be time consuming.
3. Use company's computer like your personal computer.
In using the company's computer, treat it as your personal computer like hadling it with care and in proper manner. Dont treat it like you as the user dont have a care because its not your money that bought it but have a concern to the company.
4. Using computer as a tool in easier communication.
In now a days using computer in communicating others is very important. It can access all over the world unlike if you call using telephone or mobile phone you spend much in just an hour. In computer it only required internet access then everything follows. Its very fast way of communicating and it made easier to interconnect people with each other.
5. Using computer as a means of marketing company's products.
In today's trends we are now very aware of web marketing. And using computer in selling product through web or informing the public about the product its advantages and other information is the very big help of the company's business. Its not time consuming and its less costly unlike hiring salespeople. It also a convenient way of promoting products.

Hassan, Jeazle Mae G.
Mgt 7 7:15-8:15