Bernardo M. Villegas
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Continuity and Disruption Go Together (Part 2)

           As samples of the “Captains of Business”, we may turn to those heading the top six Philippine firms that were recently included in the list of the top 2000 corporations in the world by Forbes Globe magazine, which arrived at this prestigious list on the bases of sales, profits, assets and market values.  These Philippine business groups are in the order of their ranking in the Forbes list:  SM Investment Corporations, BDO Universal Bank, Top Frontier Investment Holdings, Ayala Corporation, JG Summit Holdings Corporation and Metro Bank and Trust Corporation. Having followed their phenomenal growth over at least the last forty years and having worked closely with a few of them as an economic consultant,  I can attest to the fact that, as Mr. Friedman concluded, all of them reached the top of Philippine business first and foremost because of the ability of their founders and their successors to combine the hard skills of technology with the soft skills of dealing with their stakeholders (especially their consumers, rank-and-file workers, managers  and immediate community in which they operated their businesses) as “one human to another human one at a time.”

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       The historical trends, empirical findings, and policy updates are discussed in detail in the essays compiled in this book. The most convincing argument that supports the thesis of the book, i.e. that population growth is a poitive factor in attaining sustainable human development, is found in the foreword to the book, which is adopted from an article written by Mr. Roberto de Ocampo, former Finance Secretary of the Philippines and multi-awarded finance official in Asia. Thanks to the continuing growth of the Philippines population, Filipinos are in more than 100 countries all over the world, contributing much-needed foreign echange and purchasing power to the Philippine economy and fostering the human and spiritual development of the most diverse of peoples and cultures on this planet.

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Dr. Bernie Villegas at the Asia CEO Forum 2020

Watch Dr. Bernie Villegas tells the economic future of the nation at the Asia CEO Forum 2020!   LINK: