Wednesday 25 July 2012

Philippine rebound to be sustained?

Interesting article published in The Edge, Singapore.



The author argues that Philippine's rebound is in fact sustainable and investors should look deeper than the "legions of cynics."  The key points in the argument are as follows:

Positives accumulating -
1. Inflation is falling
2. Country risk premium is falling
3. Economy more resilient to external shocks
4. Govt stability increasing

 Investment deterrents easing-
1. Philippines is one of the highest concentrations of minerals in the world, but restrictive regulations that were deterring investments are gradually being removed
2. Major investment in infrastructure has been announced in the new budget
3. Steps being taken by administration to enhance the investment climate - campaign against corruption, increase in BPO growth.

 However, challenges remain - weak infrastructure, high utility costs, to name a few result in Philippines ranking not too highly in international rankings. However, with good policy making, these can be overcome. Please click on link below for the full article:



What are your thoughts?

Monday 16 July 2012

What Good PR Is Really All About


In April, one of the world’s most famous and successful PR companies created a massive, large scale PR campaign for a huge ‘globally diversified natural resources group’ operating in India. This marketing campaign had a vice-like grip on all possible avenues of social media in India: poster advertisements, slogans, online platforms like YouTube. It had the tagline “Creating Happiness””.







However, this whole charade was reduced to a farce in no time- ultimately and unexpectedly backfiring. Its apparent false claims and sugarcoating hid important and disturbing facts. Shockingly, despite its slew of emotionally charged advertisements, The company violated laws in mining, got clearances based on false information, illegally built refineries.

Mining companies out there need to take note of the way industry is portrayed to the public. However, what is of concern now is the second step, which is part of the publicity job: not all publicity is good publicity, especially not in this industry! We all assume that public relations do not include concealing facts in a desperate bid to change mindsets- but it’s something even the best PR companies fall prey to.

What good PR is really about then: it’s about honesty, realistic targets, and is ultimately open to criticism and suggestions. Having worked with those on the ground, its what AMEA believes in as well. According to the article “How to tell your sustainability story: the messier, the better” , good pr nowadays in fact is the opposite of spewing out positive, ambitious promises and sugarcoating. It is in fact being humble, airing your dirty laundry and being honest- in fact, it’s the only way to do business nowadays.

What we think is: go slow and steady. Progress may be quicker with easy PR, but we believe in going for sustainability and social understanding step by step.


Monday 9 July 2012

APEC Sustainable Mining: Can Investments and Sustainable Developments happen in tandem?



About a week ago, the fourth meeting of APEC Ministers responsible for Mining was held in Russia.There was consent amongst the participating countries of the increasing importance of sustainable development in mining. Other issues brought up included  increasing social responsibility, innovations and Investments. 




What is the significance of this ? Obviously, there is a need to alter our business structures in a way that directly and sincerely addresses the issue of environment and sustainability. It’s time to get serious- social responsibility is increasing in its importance and is becoming today more of a criteria than something we can choose to address.
Another thing that caught my attention is the issue of investments. Yes, we all know and recognize the value of investments. But what value does it have in the context of sustainable development?

In countries such as Indonesia and Philippines, it is imperative to pay attention to and adapt to the economic and social situations of the country. Economic disasters, social unrest, protests- all these upset the possible flow of investment into a country that might need it, ultimately curbing the potential that investments might offer to developing the country and the industry. Investments have the power to nurture and grow sustainable development, which requires no small effort nor investments. Innovations, education, and so on- these require copious amounts of money.

So besides being vigilant, how does a country create an attractive investment climate? This issue was discussed by APEC Ministers Responsible for Mining. Governments will need to make an effort to improve living standards. Resource management is crucial to the initiative as well, as well as steps to boost regulatory efficiency and mitigate the environmental impact of the industry.

Ultimately, will making an effort to reach out to the society also help? Bridging the gap between the public and industry to strengthen ties may be the step needed to attract investors, as well as continued communications between all stakeholders.   

Thursday 5 July 2012

VIMEO

Our Vimeo Page is up and running! Click the icon to take a look at our compilation of interviews, documentaries and shared videos with others in the industry. 

Vimeo

Philippines poised to join the ranks of World's Tiger Economies

According to international experts, Philippines  has the opportunity to join the ranks of the world’s tiger economies of Japan, South Korea, Singapore and Hong Kong. 

Under the Aquino administration, Philippines is positioned for huge growth-  However, this is not without its challenges. The Philippine boom may continue, but not without further economic reform.   

Ultimately, it is undeniable that with its many strengths, Philippines will become a force to reckon with. Its large population (with its potential to drive growth), the ability of the population to speak english- making it number 2 in the world for Business Processing Outsourcing (BPO) and its vast resources (the world’s fifth richest in natural resources) are natural endowments that can potentially spur the economy to greater heights.



Stay tuned as we continue AMEA’s sustainability series of the Philippines with  - Philippines: The Sustainable Path  - premiering on Channel News Asia on July 19th at 9.30pm . Catch repeats on July 20th at 10:30am, July 21st at 3:30pm and July 22nd at 5:30pm.
Watch how mining, in tandem with sustainable development contributes to the economy’s growth. Keep in the know with sustainability!


Monday 2 July 2012

Sustainability: A Woman's Role


Rio+20 left behind in its trail a myriad of companies, industries, governments and politicians grappling for new concepts and solutions; ways to basically revamp and redirect initiatives and policies to suit the new agenda. Sustainable Development- to put it concisely, the phrase of the century. 

Another issue brought up in the light of Rio+20, however, is the interesting question: amidst the mad rush to fit environmental concerns into the intricate, profit driven structures of our businesses, what is a woman's role in all this? Alas, the idea of sustainable development and gender equity has come into play. 

Michelle Bachelet, Executive Director of UN Women, speaks at a press conference on “The Future Women Want”, at the Rio+20 UN Conference. 


















I came across a few articles which piqued my interest greatly, mostly because it is an issue often neglected, overlooked and sometimes even belittled. Helen Clark (head of the United Nations Development Program) spoke in the wake of the Rio Summit, emphatically stating that the greatest investment to be made in sustainable development is women. Which means that in the midst of restructuring, launching new initiatives and so on, let us not forget as well the importance of women's political participation, developing economic opportunities for women, their education and health services. Helen is definitely not alone in her sentiments. The UN Under-Secretary-General Sha Zukang spoke at a recent women and sustainable development conference hosted by All-China Women’s Federation in Beijing in November, stating “I have said it before – and I say it again today – that in many ways, sustainability is about women. Society flourishes when women’s leadership, creativity, and initiative are recognized, embraced, and harnessed. In many countries, women are the champions of green economy, practicing sustainable agriculture, nurturing our natural resources, and promoting renewable energy.” Why exactly is it important to include women? It is more than just taking a blind stand for gender equality. As mentioned in stakeholder forum.org :
-Women’s indigenous knowledge of ecological linkages and ecosystem management are the main labour force for subsistence production.
-Women are more likely to be around, more stable part of the population—they are more likely to make a long term commitment and investment in their communities.
-Women have often played leadership roles or taken the lead in promoting an environmental ethic re-cycling, local level activities.
-There’s been a rapid growth of women’s NGOs working at local, national and international level.

This, in fact is not new. The Rio Development, the Millennium Development Goals (specifically, MDG 3 which speaks about how women's equality is critical as well to achieving sustainable development) and the Beijing Platform (read about it here) all recognise the fundamental truth- that is, environmental issues are women's issues. Melanie Verveer, the Ambassador-at-large for Global's Women's Issues, made a speech at the Heinrich Boll Foundation Event on January the 19th. She mentioned the vital roles that women have played in sustainable development, emphasizing yet again their role- not as victims, but as linchpins of the 21st century directive. 
Here, i re-iterate some of those roles:

1. Agriculture sector and food security
2.Untapped potential for increasing energy access
3.Consumer Spending Potential

And ultimately, what we can do to progress from a hypothetical platform of words to action and achievement:

1. Continue to elevate women’s leadership and participation in key policy bodies
2. Mainstream these issues at the policy level
3. Invest in girls’ and women’s educational opportunities in science, technology, engineering, and math (STEM), including in the environmental sciences
4. Build new and innovative programs and partnerships designed to take the kinds of concrete actions necessary to effectuate change

It is important that we recognize that we have a part to play in the environment- including the especially the mining industry. But here's an interesting point to note and ponder: what can we do to empower those who can help the most? 
Click here to watch a short UN clip on women and sustainable development.