Globe Asiatique taps good governance advisor

MANILA, Philippines - Globe Asiatique (GA) Realty Holdings Corp., the fastest-growing community township developer known for providing upscale amenities to its buyers of affordable homes recently signed up The Center for Global,Best Practices (CGBP) to be its capital markets and good governance advisor.

CGBP, the designate office and partner of the International Chamber of Commerce in the Philippines, is the leader in providing best practices corporate training and seminars in the country. Its newly formed corporate finance and consulting group is headed by investment banking veteran Antonio B. Herbosa, the former principal & division head for corporate finance in Punongbayan & Araullo, and president of PNB Capital and Investment Corp.

Late last year, CGBP Consulting also signed up the leading supplier of hybrid rice seed varieties in the country and Indonesia, SL Agritech. The company carries the Dona Maria rice brand in the Philippines being the pioneer in hybrid rice technology. SL Agritech is looking to tap the capital markets and is undertaking the critical steps now, with the help of CGBP, to ensure that it is able to successfully tap non-traditional forms of funding, including the capital markets.

According to Herbosa, most of his clients are growing quite rapidly given their unique business models and just needs some guidance on risk management, financial reporting & controls, professionalization, and preparing for outside investor participation.

He is bullish about companies that have transitioned well as the Philippines shifted to a “service economy” after the 1997 Asian crisis. According to him, given the amount of global liquidity that will remain in 2010, Philippine companies that are focused on affordable housing & shelter, food, IT services, remittance businesses, mining and agriculture, etc. should do well and attract substantial investor funding.

The Center for Global Best Practices has announced the following seminars for the first half of 2010: 2010 MCLE program – Feb. 5, 6, 12 & 13; tax rights & remedies for SMEs & large taxpayers – Feb. 18 & 19; Incoterms 2000 – Feb. 26; best practices for the healthcare industry – March 3 & 4; best practices in handling delinquent, distressed and bad Aaccounts – March 12; Profiting BIG in microfinance Business – March 26; 2010 MCLE Program – April 9, 10, 16 & 17; An insider’s guide on how to excel in lawschool – April 24 & 25; Legal & labor issues in education law – April 29 & 30; Best practices in financial processes and controls – May 6.

Interested parties may call CGBP, through Ms. Kay Gomez at (0632) 842-7148 or 59 & 556-8968 or 69. For details, you may also check the CGBP website at www.cgbp.org