After dedicating a significant portion of his prestigious career to working abroad, including the Federal Reserve Bank of New York and the Bank for International Settlements, newly appointed Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona was eager to return to the Philippines and make his contribution to nation-building. In a display of his commitment, Remolona even relinquished his American citizenship with the assistance of Finance Secretary Benjamin Diokno, a fellow alumnus from their time at the University of the Philippines School of Economics. Like many Filipino professionals residing overseas, Remolona had dual citizenship, but he is now solely a Filipino citizen. Diokno humorously referred to the 70-year-old Remolona as a “partner in crime,” but more importantly, he recognized him as an intellectually astute economist who is more than prepared to serve his country.
Pilmico Animal Nutrition Corp., a subsidiary of the Aboitiz Group focused on food and agribusiness, has made a name for itself in the global market with its hens producing 500 eggs each within 100 weeks. Recognizing their remarkable productivity, Hendrix Genetics awarded Pilmico with the prestigious 500 Egg Club Award at the recent Philippine Poultry Show and Ildex Philippines 2023, making it the first Filipino and Asian recipient. Before this noteworthy accomplishment, Pilmico Farms yielded around 470 to 492 eggs per hen by Week 100, already surpassing the industry average of 400 to 450 eggs per hen in the Philippines. Serge Tan, the Pilmico assistant vice president for poultry and swine grower-finisher operations, attributed their success to a combination of appropriate layer genetics and equipment, effective farm management systems, and, crucially, the high-quality feeds provided by Pilmico, which deliver optimal nutrition for hen growth and productivity. This achievement marks a significant milestone for the poultry industry, as genetic companies have long aspired to achieve such results.
While relatively unknown to those outside the University of the Philippines (UP) Diliman community, there is an operational hotel within the campus that is undergoing a much-needed and overdue transformation, thanks to the spirit of bayanihan (community unity) prevalent in the state university. Out of the 65 rooms at the University Hotel (UH), the Alpha Phi Beta fraternity, which includes Finance Secretary Benjamin Diokno among its members, has already renovated 10 deluxe rooms and the presidential suite. This leaves 54 rooms remaining, and volunteer UH General Manager Patrick “Pato” Gregorio is confident that the team responsible for the hotel’s upgrade will secure sufficient support from within and outside the UP community to complete this significant project. The recent improvements to the bar, restaurant, and entertainment area have already resulted in higher revenues for the University Hotel, enabling the hosting of events such as the upcoming Jam Sessions on June 30 featuring renowned artists Nyoy Volante and Noel Cabangon. Gregorio, with his extensive experience in diverse fields including hotel operations, sports management, and corporate consulting, is also preparing for the refurbishment of the hotel’s lobby and brand overhaul. If all goes according to plan, Gregorio hopes that the team reporting to the UP president will be authorized and confident enough to refurbish accommodations in other campuses within the UP system.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.