DAR signs agro-entrepreneurship deal with Aboitiz food unit Pilmico

The country’s largest foreign bank recently presented groundbreaking digital solutions to clients during its Citi Shared Services Center Forum for 2017.

“Our goal is to be the world’s leading digital bank and deliver a remarkable banking experience to our clients across retail and institutional banking. Rapid disruption is happening and as a bank, we want to make sure that we stay relevant to our clients and their needs,” said Citi Philippines CEO Aftab Ahmed.

In his welcome remarks, Ahmed added that digitization plays an important role in shaping the future of the Shared Service Centers (SSCs). “The Philippines is home to a growing Citi Service Center that provides a wide range of voice and non-voice services to our global network.”

Swati Mitra, Citi’s Global Sales Leader for Emerging Market Corporate Clients & Digital Client Advisory for Treasury and Trade Solutions echoed this during her keynote presentation. “The key macro trends impacting the shared service centers include globalization, digitization, innovation, regulation, volatility and the banking environment.”

The forum which attracted nearly 100 clients that decision makers from Accounts Payable, Human Resources and Procurement, once again provided a platform for thought leaders to share experiences and best practices in supporting global and regional SSCs.

Cross-Currency Payments Product Sales Narayan Kannan shared how the

The Department of Agrarian Reform (DAR) has signed a deal with Aboitiz Equity Ventures Inc.'s (AEV) food business unit Pilmico for the implementation of a community-based partnership under the Public-Private Partnership (PPP) initiative of the government.

Under the agreement, Pilmico and the Aboitiz Foundation will provide livelihood packages as well as technical training to select Agrarian Reform Beneficiaries of DAR.

Livelihood packages include piglet dispersal, egg machines, and bakery starter kits which will enable local farmers to sustain their livelihoods through an easy-to-manage business with a quick return of investment.

“We go around the country to promote backyard farming because we believe in the potential of our Filipino constant changes in business, tax and the global regulatory landscape are driving modifications in the way organizations manage their foreign exchange payment processes towards delivering efficiency. As part of Citi’s commitment to continue to expand its foreign currency footprint, clients in the Philippines can now transact in more than 130+ currencies as part of their cross border payments. This is the latest payment innovation and solution Citi developed to strategically be aligned with our customers treasury policy and to improve client’s efficient working capital. eFX Solutions, Corporate Markets and Securities Services Viriginia Yu demonstrated how the CitiFX Pulse online trading platform and Straight through Processing (STP) enable corporate clients to simplify the execution of Treasury flows, improve process and increase the efficiency of their regional and global centers.

Finally, Regional Channel Product Manager for Treasury Trade and Solutions Steffanus Widjaja showcased the common modes of connectivity between corporates and their banks, including the latest client trends and e-banking tools to improve SSC efficiencies. farmers to be a successful partner for growth. Through our partnership with DAR, we hope to enable more Filipino farmers to develop sustainable livelihoods in the years to come,” Pilmico President and Chief Executive Officer Sabin M. Aboitiz said on Tuesday.

For its part, DAR shall provide microfinance services to farmers in the form of loans, savings, and insurance to help them gain collateral for their agri-business.

The livelihood packages is part of Pilmico’s flagship corporate social responsibility advocacy, Mahalin Pagkaing Atin, a campaign introduced in mid2014 that aims to promote sustainable entrepreneurship through promotion of local produce.

Pilmico Foods Corporation is the integrated agribusiness and food company of AEV comprised of five divisions including Flour, Feeds, Farms, Animal Health, and Trading.