Two weeks ago
I received a letter from former U.S. Ambassador John Maisto inviting me to
attend a dinner in honor of President Benigno Aquino III. It is hosted by the
U.S. Philippines Society in cooperation with the Embassy of the Philippines in
Washington, D.C.
My initial
reaction was one of honor and pride to see the Philippine President again after
a series of good news in the economic and political fronts. The impeachment and
conviction of Ex-CJ Renato Corona, was indeed a victory not only for the
President and his campaign for transparency and accountability but most
especially for the Filipino people who support him in his campaign to cleanse
the Philippine bureaucracy of corrupt public officials.
The
dinner-event would also launch the U.S. Philippines Society “whose vision is to
elevate the Philippines’ profile in the United States, to promote trade and
investment, build shared strategic and political interests, and strengthen
educational, cultural, tourism, and people-to-people ties, with an emphasis on
educational exchanges. This vision was built on the rich historical ties
between the Philippines and the United States to help bring that unique
relationship fully into the 21st century, at a time when U.S. policy interests
are increasingly focused on East Asia.”
Led by
Ambassador John Maisto as President and U.S. Ambassador John Negroponte and
PLDT Head Manny Pangilinan as Co-Chairs, the Society is indeed destined not to
fail with the current leadership and hopefully guaranteed financial backing. Of
course, a strong presence like that of the Society in Washington, D.C. helping
the Philippine Ambassador promote Philippine causes, is indeed an idea that is
unique in one sense, and replicative in another sense.
Reading the
letter further, attached was a sponsorship form for those who would like to
attend. To be in the Chairman’s Circle, you have to donate $75,000; Founding
Member - $50,000; Patron - $25,000; Corporate Circle - $15,000. I no longer
continued to the next page. I concluded I was not in that league.
A few days
later, I received a Facebook message and an email from an old friend from
Philadelphia, Ernie Gange, that he would be attending the VIP Reception and
Dinner for President Aquino. He would like to see me at the dinner. He will be
with Ed Navarra, President of NaFFAA (National Federation of Filipino American
Associations.
I went back
to the Sponsorship form and read the second part. If you pay $5,000, you would
be considered a Friend and would have 4 invitations to the VIP Reception and 4
Invitations to the Dinner. If you pay $1,000, you would be a Supporter and
would have 2 tickets to the VIP Reception and 2 to the Dinner.
If you pay
$250, there is no indication of what you would get but, if the ABS-CBN news
were to be believed, the ticket holder would get the chance to shake the hands
of PNoy. But as I explained to Ernie Gange, if there are 4 people paying $250
each, that would total $1,000 making Ernie a Supporter meaning 2 could go to
the VIP Reception and the other 2 to the Dinner. That is probably the case for
Ernie, Ed Navarra, and 2 other people.
I wrote him
back to say that I will not be going but we could meet for lunch or for coffee
before the Reception or the next day if he was staying for the night.
Before Ernie
could answer, I received from the Philippine Embassy’s Press Office an Open
Letter to the Filipino American community from Ambassador Cuisia. Part of the
letter says:
"The
Society has provided me with the event sponsorship levels and response form
that are attached for your convenience. I am also reminded that the Society is
fully dependent oncontributions from members and friends to cover the costs of
the gala dinner and to successfully carry out the programs planned throughout
the year."
“If a
Filipino American in Washington, D.C. has $250, $1,000, or $5,000 to spend or
invest on a Filipino cause,” my barber asks, “what would you advise him to
spend it on?”
I thought
about it deeply and said that depending on the person’s circumstances, I would
do any, some or all of the following:
1. If
unemployed, charity begins at home, so I will use it to buy groceries for my family;
2. If
employed and can afford to spare the money, I will send it to a relative who is
in dire need of money in the Philippines;
3. If
employed and can afford to spare the money with no immediate family needing
assistance, donate it to my favorite charity in the Philippines;
4. If
Nos. 1-3 do not apply, contribute to the campaign of a U.S. Senator or
Congressman who is committed to supporting Philippine causes; or the Advocacy
or Lobby group of a national Filipino organization like NaFFAA that fights for
Philippine causes in Washington, D.C.
5. If
Nos. 1-4 are not acceptable, support the activities of my professional or trade
association - 501 C (6); charitable or religious group – 501 C (3); or social
welfare organizations – 501 C (4).
6. If
I want to invest in stocks but still help the Philippines and expect some
return, buy EPHE shares. $250 will buy 9-10 shares; $1,000 – 37-40 shares;
$5,000 – 185 – 200 shares.
EPHE
This is also
known as MSCI Philippines Investable Market Index Fund. Whatever you
invest in this Fund are in turn invested in several publicly listed Philippine
companies in different sectors or industries such as Telecommunications, Real
Estate, Power, Banking and Financial Services, Oil & Gas, Retail, Shipping
and others. My analysis is that all the companies covered by the Fund are all
good companies projected to grow even more prosperous. Please do your own
research.
The last time
I invested in a Fund was when Cory Aquino became President and the Philippine
Fund was established. Although I made money I had to sell my shares upon the
advice of my broker because of the several attempted coups during her
administration.
EPHE is my
second attempt. This time I am convinced that investing in it is like investing
in the future of the Philippines. The Philippines has become the fastest
growing economy in Southeast Asia. It is second only to China in Asia. It is
worth betting on our own country in this period of our history. We now see
serious efforts to cleanse the government of grafters and corrupters.
Business and investor confidence is way up.
Although I am
not going to the dinner, there are other ways that we could support the efforts
of the Philippine Government to affect or influence U.S. policies. The
importance of the role of Filipino-Americans residing in Washington, D.C.
should not be underestimated.
As I
mentioned to Ernie Gange:
1. There
are at least 92,331 trade and professional associations and 1,280,739
charitable and philanthropic organizations;
2. In
2010, there were 1,695 new applications for 501(c)(6) status and 59,945
applications for 501(c)(3) status.
Most of these
organizations are represented in Washington, D.C. Many even have offices here.
The Filipino organizations should be tapped to work with some of these
organizations. We support their causes and they support ours.
I used to be
Acting Executive Director of the National Association of Real Estate Brokers
(NAREB), the largest and oldest (founded in 1947) minority association in the
country, Executive Director of the Asian Pacific American Chamber of Commerce
(APACC) and the Asian American Fund.
I remember
negotiating cooperative agreements with the Blacks like NAREB, the National
Business League (NBL), and National Black Chamber of Commerce; the Hispanics
like the Latin American Manufacturers Association (LAMA), and the U.S. Hispanic
Chamber of Commerce; and the American Indians like the National Congress of
American Indians and the American Indian Trade and Development Council.
Ambassador
Emmanuel Pelaez worked with us in getting all the powerful American Indian
Tribal Chiefs and leaders and the Ambassadors and commercial attaches of the
Asian embassies together in Washington, D.C. to promote common concerns and
agenda.
I was part of
a law and lobby firm that represented several countries, multi-nationals and
powerful associations. We know how the game is played in Washington, D.C. Even
the poorest nations are represented here.
Of course, in
this digital age, the role of individual Filipinos, be they digital natives or
digital immigrants in using social media to promote Philippine causes should be
recognized as we do columnists, bloggers, reporters and editor/publishers. Call
center owners might just be inspired to allow a few calls to the U.S. Congress
for a just cause. :):)
I received
another Facebook message from Ernie Gange the other day. He asked me if I could
be a consultant to his group for 100 pennies a year. I will give my response to
him when we meet.
It is not
about the money. It is about the future of our country.
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