1. ADFIAP is a partner in EU’s SWITCH-HEMS project

    ADFIAP once again plays an important role in the implementation of a power efficiency project called “Switch to High Efficiency Motors” (SWITCH-HEMS). The kick-off ceremonies of the 4-year project was held on April 3, 2014, at the Dusit Hotel in Makati, Metro Manila in the presence of representatives from the European Union, the Department of Energy, the Philippine Sugar Millers Association and project partners. The project is one of the several projects of SWITCH-Asia funded through a 1.562 million Euro grant from the European Union (EU). Mr. Hans Farnhammer, representing the EU delegation in the ceremonies, emphasized the importance of the SWITCH-HEMS project in the pursuit of sustainable consumption and production (SCP), a priority initiative of the EU.

    The overall objectives of the SWITCH-HEMS project are: (1) to increase energy efficiency of the electricity-intensive industries and achieve reduction in electricity consumption and (2) to reduce contribution of industries in Green House Gases (GHG) emissions from energy use. The project’s specific objective is to increase the deployment of more efficient electric motors and drive systems in Philippine industries. In a presentation made during the ceremonies, Mr. Raymond Marquez of the Institute of Integrated Electrical Engineers of the Philippines (IIEE), mentioned a scoping study by the International Finance Corporation (IFC) in 2012 which found that 20 companies that invested US$8.33 million in high-efficiency motors saved US$4.6 million annually in their operating costs. Potential electricity savings in these 20 firms reached 27,128 MGhr per year.

    SWITCH-HEMS will be implemented over a 4-year period starting in 2014. While the project will strive to help various private industry sectors, it will be focusing on the Philippine sugar industry for the initial year of implementation. Four (4) pilot sugar mill projects have been identified and they include Central Azucarera de Tarlac, Lopez Sugar Corporation, Central Azucarera de la Carlota and Central Azucarera de Don Pedro.

    The lead partner for the project is the IIEE, Inc., the only professional organization of electrical engineers accredited by the Professional Regulation Commission (PRC). Other partners include the International Copper Association Southeast Asia (ICA-SEA), the Asia Society for Social Improvement and Sustainable Transformation (ASSIST), the European Chamber of Commerce in the Philippines (ECCP), the Association Action for Sustainable Development (ASD) and ADFIAP. The project also has 3 associates namely, the Philippine Sugar Millers Association (PSME), Bank of the Philippine Islands (BPI) and the Department of Energy (DOE) of the Philippines.

    The European Commission launched the SWITCH-Asia program in 2008 to promote economic prosperity and help reduce poverty in Asia by encouraging a sustainable growth with low environmental impact from industries and consumers in line with international environmental agreements and processes. More specifically, SWITCH-Asia programme aims to promote sustainable products, processes, services and consumption patterns in Asia by improving cooperation retailers, producer and consumer organizations and the public sector.

  2. ADFIAP shares members’ climate and green growth finance to SMEs in Hanoi forum

    On invitation by the European Union’s DG Development and Cooperation – EuropeAid through its SWITCH-Asia Network Facility, ADFIAP Secretary General, Mr. Octavio B. Peralta, and ADFIAP Consulting Group Head, Ms. Corazon D. Conde, shared the experience of ADFIAP members as well as the Association’s work and advocacy at the “Climate and Green Growth Finance for SMEs” forum held on March 14, 2014 at the Sheraton Hotel in Hanoi, Vietnam. The event was part of the 3-day “Southeast Asia Climate Finance Workshop: Accessing Finance for Green Growth and Low Emission Development Strategies (LEDS)” – please see related story.

    Mr. Peralta spoke at the session on “Green Finance Opportunities for SMEs from the Public Sector” and presented a paper on “Regional Climate and Green Growth Finance Programs”, highlighting ADFIAP members’ lending facilities on energy efficiency, renewable energy, climate finance, carbon finance, green technology, and micro-energy financing. Ms. Conde was on the session on “Looking at Project Sustainability” that featured selected SWITCH-Asia projects that have already completed implementation, covering ADFIAP’s access to finance experience with its EU grant-funded SMART Cebu project.

    The event drew 50 participants from the SWITCH-Asia programme, the European Union, the Vietnam Ministry of Planning and Investment (MPI) and selected experts in the field of climate and green finance as well as SME finance.

    The E.U. SWITCH Asia Programme http://www.switch-asia.eu/programme/ has made the issue of sustainable consumption and production (SCP) a priority in its latest regional cooperation strategy to help interested consumers, businesses and supporting associations switch to a more sustainable paradigm.

    The SWITCH Asia Network Facility http://www.switch-asia.eu/network-facility/about/ (a) provides information on the SWITCH-Asia Programme, its grant projects, sustainable consumption and consumption (SCP) (b) distills knowledge of project practices to facilitate exchange of information and promote effective replication and up-scaling (c) organises networking events for the SWITCH-Asia grant projects to help them share their experiences and facilitate fruitful exchanges of lessons learned, success stories and best practices and (d) contributes to a wider dissemination of information material on SCP by publishing studies and reports, strengthening networks and synergies among SCP practitioners, policy-makers, researchers and experts.

  3. Meeting To Be Held on March 17 Montevideo will receive ALIDE’s Board of Directors

    On March 17, the CXXIX ALIDE’s Board of Directors Meeting will be held in Montevideo, Uruguay. The members will also attend – in the same city – to a seminar organized by ALIDE and the Banco de la República Oriental de Uruguay (Bank of the Oriental Republic of Uruguay – BROU), and to the Annual Board of Governors of the Inter-American Development Bank Meeting (BID). 

    During the meeting, institutional subjects will be addressed, the work program progresses 2012-2013 will be analyzed and the final details of the 42° ALIDE’s Shareholders’ Meeting will be defined. This meeting will focus on the inclusion from the bank of development banking and it will be held in Quito, Ecuador on May 8 and 9.

    As was stated before, the Board of Directors members are: ALIDE’s Chairman, Rodrigo Sánchez Mújica, who is also general director of Fideicomisos Instituidos en Relación con la Agricultura (FIRA) -Banco de México (Trustfunds created in Relation to Agriculture – Bank of Mexico); the Vice-chairman Fernando Calloia, who is also Chairman of the Banco de la República Oriental del Uruguay (BROU); and the directors: Mauro Alem, chairman of the Banco de Inversión y Comercio Exterior (BICE) (Investment and Foreign Trade Bank) of Argentina, Fernando Antún, general manager of the Banco Nacional de Fomento de la Vivienda y la Producción (BNV) (National Bank of Production and Housing Promotion) of Domincan Republic, and Santiago Rojas, chairman of the Banco de Comercio Exterior de Colombia (Bancóldex) (Colombian foreign trade bank).

    Rommel Acevedo, ALIDE General Secretary, is also a Board member.

  4. ADFIMI Special Workshop on “Legal Documentation of Contracts in Islamic Finance”, Crowne Plaza Old City Hotel, Istanbul, 22-23 February 2014

    After the welcoming remarks by Mr. Nuri Birtek, Secretary General of ADFIMI and WFDFI, the workshop proceeded with Assoc. Prof. Dr. Rusni bt. Hassan, the Program Manager and Deputy Dean, Institute of Islamic Banking and Finance, International Islamic University of Malaysia

    Read report and more details on ADFIMI Workshop on Legal Documentation of Contract in Islamic Finance 
  5. ADFIMI – BASIC Bank Joint Seminar on Asset Securitization, Dhaka, 02-04 December 2013

    The seminar was managed by Assoc. Prof. Dr. Bülent Günceler, CEO, BSM Consultancy, Turkey.

    During the seminar, Dr. Günceler, provided participants with detailed information on the types, mechanics, and nature of asset securitization as well as why, how and who goes into these activities.

    Read report and more details on ADFIMI – BASIC Bank Joint Seminar on Asset Securitization.
  6. ADFIAP Board meets in Manila – 05/12/2013

    The ADFIAP Board, in its 78th Meeting in Manila, Philippines on December 3, 2013, has elected two Vice Chairmen – Mr. Metin Pehlivan, General Manager of the Development Bank of Turkey and Mr. Pema Tshering, Managing Director of the Bhutan Development Bank Limited. Under the ADFIAP constitution, the Board’s officers are composed of a Chair, not more than 3 Vice Chairs and a Treasurer.
    Click here for 78th ADFIAP Board Meeting Highlights

  7. ADFIAP attends ESCAP’s Business Advisory Council meeting, APBF 2013 – 02/12/2013

    On invitation by the United Nation’s Economic and Social Commission for Asia and the Pacific (ESCAP), ADFIAP represented by its Secretary General, Mr. Octavio B. Peralta, attended the 6th ESCAP Business Advisory Council (EBAC) meeting and the Asia-Pacific Business Forum (APBF) 2013 held at the Royal Princess Hotel in Bangkok, Thailand from November 25-27, 2013.