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THE OFFICIAL PUBLICATION OF PLM ECONOMICS SOCIETY

History repeats itself, after 15 years…. (page 9)

The Glitz and Glamour of EconNight (page 26) JUNE 2011—MARCH 2012 Silver Anniversary Issue


Editor’s Note Messages ………………………

1

Talk of the Town……

6

News …………………………………

8

Editorial …………………… 16 Features ……………………… 18 Sports …………………………… 22 Caught in the Act (Major Events)…… 26

Pauline F. Mendoza Editor in Chief Rangelique N. Morales Associate Editor Kimberly Joyce C. Aclan Managing Editor Christine Joy N. Trajano News Editor Jamille M. Alcantara Sports News Editor Catherine M. Perez Literary Editor Christian Q. Ormacido Creative Director Sharlene Mañalac Photojournalist

The twenty-five years of insurmountable excellence of the PLM Economics Society cannot be written in one magazine alone. Past issues of ECOSPHERE summarized all the events and successes involving EcoSoc - the project and activities organized by EcoSoc Executive Committee. This year’s issue still serves the best of what EcoSoc has done. The only point of difference spells C O L O R F U L. As we celebrate the Silver Anniversary, we ensure you that you will grasp the meaning of “Silver is Colorful”. From the layout to the articles, ECOSPHERE will show you how colorful EcoSoc has been and will be. The success of ECOSPHERE will not be possible without the hardworking editors and staffs who devoted their time, effort, and talent. It is my pleasure to work with you guys! THANK YOU! I would also like to thank President Rodolfo Ross G. Anthony Jr., the Executive Committee as well as the Committee Heads of Economics Society for entrusting me the EIC position – thank you for trusting my capabilities and for helping us through. Thank you to Dr. Sonia F. Manlangit, for undying support and for my capabilities and for guiding the EcoSoc. Thank you EcoSoc members for always giving us a reason why we need to accomplish the ECOSPHERE. Finally, I extend my deepest gratitude to Almighty God for giving us wisdom and strength. To Him we give all the glory. We hope ECOSPHERE will bring your heart closer to the colorful life of EcoSoc. Turn these pages and be inspired.

Paui

Editor-in-chief


PAMANTASAN NG LUNGSOD NG MAYNILA (University of the City of Manila) Intramuros, Manila College of Accountancy and Economics Department of Economics

I wish to convey my warmest greetings and sincere congratulations to the editorial Staff of the Ecosphere, the official magazine of the PLM Economics Society. This publication is a true reflection of our students’ warmth and distinct characteristics. It expresses the inherent desire to reinforce bonds of friendship and develop closer relationships among the officers and members of the PLM EcoSoc. Your CAE family is hoping that this Ecosphere will be instrumental in making your stay in the college a more memorable and exciting one. Again, my congratulations and best wishes to the men and women behind the Ecosphere. May you continue to support our college with this laudable publication. Keep up the good work and more power.

Dr. Honorata M. Pagaduan Dean, College of Accountancy and Economics


PAMANTASAN NG LUNGSOD NG MAYNILA (University of the City of Manila) Intramuros, Manila College of Accountancy and Economics Department of Economics

Congratulations! A big pat on the back of the staff for coming up with this issue of Ecosphere. I personally consider this as a big accomplishment for having a venue to communicate with CAE students, most especially Economics students, on the activities and honors received. May this be an inspiration for everybody to aim for the best, achieve more that will bring honor to CAE and PLM as a whole. Again, congratulations!

Prof. Delia L. Olivar College Secretary


PAMANTASAN NG LUNGSOD NG MAYNILA (University of the City of Manila) Intramuros, Manila College of Accountancy and Economics Department of Economics

A famous philosopher once said that excellence rather than perfection should be sought greater by people who want success. But really, what does excellence mean, and more importantly, what does it take to attain excellence? In the 25 years of the Economics Society, it consistently and continuously strives to perform bolder and better than before. The trailing list of EcoSoc’s achievements academically and otherwise proves the desire of the organization to acquire a tradition of greatness. Although in a celebrated position today, EcoSoc started from scratch like anything else. But what’s remarkable is that year after year, the organization steps up, defy limits and parts clouds that surrounds it to conquer its desire for excellence. Indeed, EcoSoc defines excellence not just in words but also in acts. The commitment of the organization to take each year’s performance a notch higher transpired to the current status of EcoSoc today. And so, I congratulate the Executive Committee for making the Silver Anniversary a colorful one indeed. Moreover, may this serve as a challenge to the new officers to serve the society in accordance to the tradition those 25 years of EcoSoc has established. May everyone remember that if silver is easy to find, it would not be so valuable. Furthermore, finding it is not the end of it all; it has to go under constant heat and pressure to purify and remove its impurities. You are a Silver now and must never take that for granted. If obstacles and difficulties come, think of it as a means to strengthen you. Step up, and never stop moving forward. God bless EcoSoc.

Dr. Sonia F. Manlangit Adviser, Economics Society Department Chair, Economics Department


History Repeats Itself, after 15 years… Christian Q. Ormacido

“May Dakilang Papuri (Magna Cum Laude): a candidate should not incur a grade lower that 2.00 in any academic subjects”. This rule has been attained by Rodolfo Ross G. Anthony, Jr. because of his undying passion and deidication in BS Business Economics. After th reign of Atty. Mary Ann R. Sagana batch ’97 which marked her as the first Magna Cum Laude in the history of BS Business Economics, 15 years to be exact, Rodolfo proved that he has the “X-factor” to have that title that any PLMayer student is dreaming of. As a college friend and classmate, Rodolfo has been a role model. It has been its passion to give his 100% best just to excel in both academic and non-academic affairs, given that he is a consistent officer, that made him popular in College of Accountancy and Economics. He is also willing to lend his hands to everyone who are in need, most especially with his classmates who finds subjects which are quite difficult to understand. Aside from those serious side of Rodolfo, he is also jolly and fun to be with, a certified joker of the class. He has a lot of dreams and one of those is to conquer the stage of American Idol. So, watch him soon! Thank God, Rodolfo has been part of our memorable college life in PLM.


HISTORY REPEATS ITSELF

1. What were your visions and plans after graduation? I am planning to study again. I'll try to find scholarship programs for Masters in Economics outside the country.

2. Did you see yourself being Magna Cum Laude of the batch? I always see myself as an excellent student but not as the person who'll get the highest honor of the batch. One thing that kept me on being excellent is my principle of applying "the Law of Attraction".

3. How does it feel to be Magna Cum Laude among graduating economics students this year? Of course, It feels really good. But, I think the jackpot prize of it is graduating as a quality PLMayer, with a big goal to help this country to alleviate in poverty. Graduating with honors is just a consolation prize.

4. How does it feel that after 15 years in the history of BS Business Economics in PLM, you’re the chosen one to bring back the history again? I don't actually take it as something that entails big privileges. For me it's like a gift. It's heartwarming and it's really satisfying. It's like all of my college hardships paid off. I thank God for everything.

6. What can you say to the future generation of students, most especially economics students, so that they'll be inspired to study harder? The best advice that i can give to the future generations is to always bear an excellent heart. studying is like any relationship on earth. You have to give your whole heart so that it will pay you off in the long run. Also, always make your passion your profession. You can never get ahead while you're getting even. You have to enjoy every part of what you are doing or else, you'll end up helpless. Lastly, always pray. No one lasts without God. By the way, He is the source of Excellent heart.


PLM EcoSoc members’ step-up to the limit – first general assembly Christine Joy N. Trajano

The Pamantasan ng Lungsod ng Maynila Economics Society (PLMEcoSoc) held its first general assembly for the Academic Year 2011-2012, titled “Step-up to the Limit” last August 24, 2011 at the PLM field and Justo Albert Auditorium for the team building activity and program proper, respectively. The jam packed day started with the team building activity which was vigorously participated by the teams grouped by year levels. Each teams wore their respective team colors (Blue for Freshmen; Violet for Sophomores; Green for Juniors; Red for Seniors), making the activity a “battle of colors”. Started at 9 in the morning, Talong Relay served as the ice breaker of the team building, followed by Flip Tarp and Amazing Race, simultaneously. Whereas Tug-o-war marked the end of the first half of the assembly by 12 noon.

After an hour break, the formal program started at 1 in the afternoon, headed by the masters of the ceremony, Via Tricia Pacia and Vic Canarejo, students of BSBE 4-1. Executive committee and the committee heads were acknowledged, along with the projected plans for the organization – monthly events, goodies, and the Econ Week. Jamille Alcantara, Vice President for Academic Affairs of the Council of Economics Students (CES); Raicana Dirampaten and Ariane Enriquez, representatives for the Junior Philippine Economics Students (JPES), discussed the activities of the aforementioned affiliate organizations of EcoSoc for the academic year. Seminars and tie-ups of the organization were discussed as well. Furthermore, Rodolfo Ross Anthony, President of the Economics Society, delivered an inspirational speech for the organization’s members. LOL Ka and the Artista Search completed all the team building activities and determined that the Sophomores (Violet Team) as the champion.


1st PLM EcoSoc Summit educates scholars Christine Joy N. Trajano

The first Pamantasan ng Lungsod ng Maynila Economics Society’s (PLM-EcoSoc) Economics Summit titled, “Ekonomiya, Nakakain Ba ‘To?”, held last November 4, 2011 at Justo Albert Auditorium, PLM from 7 in the morning to 3 in the afternoon, which educated students of the Pamantasan. Ms. Jhana June Tejome, Executive Director of the Philippine Network of Food Security Programmes Incorporated, served as the first speaker and tackled about food security in the Philippines. Thereafter, Professor Ramse Osano gave an overview and insights about the recent Development Thrusts of the Philippines, comprising of the Conditional Cash Transfer Program, the Proposed K + 12 Basic Education Program and the Reproductive Health Bill. After the talk, students enthusiastically shared their queries and opinions on the youth alliance forum, headed by the masters of the ceremony, Vic Cajurao and Joannalyn de Jesus, students from BSBE 4-1. Dean Honorata Pagaduan, College of Accountancy and Economics dean and Professor Sonia Manlangit, adviser of PLM EcoSoc, were present to support the organization, whereas students from the college attended the summit.

PSE Academe Week spreads stock market investing awareness PLM EcoSoc partakes Jamille M. Alcantara and Christine Joy N. Trajano

The Philippine Stock Exchange (PSE) organized the PSE Academe Week 2011 with various activities held last September 5 to 10, 2011 at the PSE Ayala, PSE Tektite, University of Diliman and San Beda University consecutively. Academe Week 2011 is a muliti-faceted literacy campaign on stock market investing for the members of the academe community. It is a six-day activity that strategically organized and consolidated key academe-based projects of the PSE Market Education Department based on learning objectives, design, and target participants.

The PSE Academe Week showcased nationwide trading game competitions, poster making and infomercial contests, and stock investing workshops and seminars for students and instructors The much anticipated nationwide quiz bee, Economics and Capital Markets Quiz Bee, held last September 22 at the trading floor of the Exchange in Ortigas was participated by 23 teams from different organizations all over the Philippines, including the PLM Economic Society. The team composed of Rodolfo Ross Anthony, Cheenee de Leon and Aileen Simbulan, from BSBE 4-1. The PSE Academe Week is conducted in partnership with its apprentice group PSE Blue Chip Club (PSE BCC) and national student organizations, namely, Bedan Business Spectrum Foundation (BBSF), and PLM EcoSoc’s affiliate organizations – the Council of Economics Students (CES) and Junior Philippine Economics Society (JPES).


Juan’s Real Score on Poverty The Social Context of Poor Filipino Then and Now (Kimberly Joyce C. Aclan)

The University of the Philippines School of Economics (UPSE) Diliman, Quezon City conducted a seminar dated August 18, 2011 with the theme, “KAHIRAP-JUAN: The Social Context of Poor Filipino Then and Now”. The officers of the UP Economics Society spearheaded the said seminar. Together with the respected speakers, Dr. Ernesto M. Pernia, specialized in Development Economics, Urban and Regional Economics, Prof. Maria Victoria Raquiza from the UP National College of Public Administration and Governance, and Dir. Camille Ferrer of the National Anti-Poverty Commission, issues regarding the real economic standing of the Filipinos were clearly tackled. The Philippine Conditional Cash Transfer (CCT) also known as the Pantawid Pamilyang Pilipino Program or the “4Ps” was somewhat the main concern of the seminar. As discussed by the speakers, 4Ps is not only the national government’s answer to the hungry men of our country, but this would also serve as an aid to improve people’s health, nutrition and education particularly of children aged 0-14. The conditional cash grants with an amount of P1400 on a monthly basis is intended for the families with three qualified children or in other cases are considered poorest of the poor with an economic condition that is equal to or below the provincial poverty threshold, to be received through a Land Bank cash card. Apart from providing social assistance through subsidies given as immediate respond to short-term poverty, Pantawid Pamilyang Pilipino Program also geared towards comprehensive promotion of gender equality and social development, reduction of child mortality and achievement of primary education for the Filipino youth. The Department of Social Welfare and Development, together with its partner agencies, Department of Health, the Department of Education, the Department of the Interior and Local Government, the National Anti-Poverty Commission and Land Bank of the Philippines intend to cover 2.3 million households with its CCT program by the end of 2011. Matters on population were also mentioned as an added factor to the decreasing economic situation

of the country, not to mention the undying debate on the RH Bill. Whether this program would be a miss or a hit does not only depend upon the people behind it. How the people receiving it would respond to such grant is another story to tell and consider.


Four Organizationa Tied-up for ‘Know and React: A PDP Forum’ Pauline F. Mendoza The PUP Economics Research Society together with FEU Economics Society, UP Economics Towards Consciousness, and PLM Economics Society organized an educational discussion on the Philippine Development Plan entitled “Know and React: A PDP Forum” at FEU Auditorium Morayta, Manila. On their first ever collaboration, the four organizations exerted effort to edify students about the assessment of Medium-Term Philippine Development Plan (MTPDP) for 2004-2010 and give relevant views on President Aquino’s Philippine Development Plan for 2011-2016. The event would not be possible without the help of the speakers, Economic Development Specialist Mr. Ramon Paul M. Falcon of National Economic and Development Authority (NEDA) and Executive Director Sixto Donota C. Macaset of Caucus of Development NGO Networks (CODE-NGO). On the first discussion, the assessment of MTPDP for 2004-2010 shows the accomplishments of basic planning document of the Macapagal-Arroyo administration, the key targets unmet, the critique of the MTPDP, and the recommendations for the MTPDP for 2010-2016. The over-all assessment lead CODE-NGO to state that, after 5 years of implementation (2004-2009), the MTPDP has not resulted to reduced inequality and poverty, a sustainable economy and people empowerment and democratization. CODE-NGO recommended that the next MTPDP should clearly be established on these development pillars – (a) people empowerment and democratization, (b) poverty reduction and equitable access to resources, social services, opportunities and benefits and (c) economic and environmental sustainability. It was also discussed on the second part of the seminar the PDP’s five key strategies. First is to boost competitiveness in the productive sectors to generate massive employment. Second is to improve access to financing to address the evolving needs of a diverse public. Third is to invest massively in infrastructure. Fourth is to promote transparent and responsive governance. Fifth, is to develop human resources through improved social services and protection.


Furthermore, the Philippine Development Plan 2011-2016 embarked President Benigno S. Aquino III’s program of government that is based on his “Social Contract with the Filipino People” wherein he expressed a dedication to transformational leadership, institutional reform, economic stability and inclusive growth. With good governance and anti-corruption as an overarching theme, the Philippine Development Plan will effectively address poverty, create massive employment opportunities, and achieve its vision of inclusive growth. After the talk, an equally distinguished panel of educators will then react to the presentation, which includes our very own Professor Noemi C Gocuyo. The forum discussed the accomplishments and plans had identified under the Philippine Development Plan. By knowing the plans of the National Government for the development of the country, students will become aware on how they should act in order to achieve the PDP 2011-2016. Furthermore, that is not just to study hard and to critique, but also to share it to others, take actions and be part of the solutions by contributing to the actions of the National Government in addressing the PDP 20112016. The seminar would like urge the youth to make sudden understanding of the status quo, by knowing the truth and consequences of MTPDP and PDP. Nevertheless, this will be an oppor-

Geek-O-Knowmics Pauline F. Mendoza

“ Game ka na ba?” Geek-O-Knowmics, the first ever PLM Jologs Intercollegiate Quiz Bee was held on January 27, 2012 at Justo Albert Auditorium. The College of Accountancy and Economics Student Council together with Economics Society Executive Committee organized this event. Representatives of various colleges forming three people per group joined this. The quiz bee was combat of Economic principles, General Information, Statistics, and Calculus, with a twist of Jejemon and Bekimon questions on easy, average and difficult rounds. The winners Agatha Matabuena, Beverly Agojito and Mario Cadiz III— BSBE I-1 were awarded with medals and certificates of participation. Geek-O-Knowmics aimed to expand the understanding of the students to the field of Economics. Moreover, the quiz bee envisioned both qualitative and quantitative views to the general approach in economics and its application to the modern world.


OUR STAKE AT 2020 FORUM Jamille M. Alcantara “Be greedy when others are fearful, be fearful when others are greedy” – Warren Buffet The Council of Economics Students together with Pamantasan ng Lungsod ng Maynila – Economics Society held its very first tie-up event seminar at PLM Justo Albert Auditorium on January 31, 2012. The seminar was entitled, “Our Stake at 2012: Where We Are, Where We want to be, and How We Want to Get There”. Participants were students from PLM, UST, PUP and FEU. Our Stake at 2020 had tackled about the importance of economics in other aspect, which is the economics status of the country insofar capital market is concerned. The seminar aims, fist and foremost to familiarize and augment the awareness of the audience regarding the vitality of economics on the fields that is not frequently discussed in a classroom setting. Second, to discern the trends of the market (being seen in newspapers) using the knowledge of basic Economics. Third, to perceive the current economic status of the country, insofar stocks and business is concerned. Forth, to distinguish new ways of using their course to stand out in the world of competition. Lastly, to illuminate the audience of the common misunderstanding in Economics, insofar as other areas are concern: like stocks, career or just the use of their course. The seminar was formally opened by Ms. Nalyn de Jesus, Executive Vice President of PLM-EcoSoc. There were two main topics discussed: “How to be a Stock Broker” a career orientation by Ms. Claire Quiray, a SEC Certified Sales Representatives; and “Security and Sustainability in the Stock Market” presented by Mr. Jay Penaflor of the Philippine Stock Exchange, Inc. Afterwards, a forum was conducted. And it ends well, as Ms. Jamille Alcantara, project head and Vice President for Academics and affairs of CES ended the program with her simple message, “Invests while you are young and you’ll definitely get rich in the future”.


PLM – EcoSoc Debate Committee Events Pauline F. Mendoza Debate Committee participated in Intramuros International Intervarsity Last August 19-21, 2011 at Colegio San Juan de Letran and Lyceum University of the Philippines We salute the strong performances of the following participants: Team Ecosoc A Kyra Kae Diola Jennifer Pulido

Team Ecosoc B Vic Cajurao Luis Pungtilan

Team JPIA Nesty Asir Danika De Leon

“Sportmanship is an evidence of a great debater.”

Annual JPES Motions in Motion 2012 National Open Debate Cup The Junior Philippine Economics Society (JPES) in partnership with the World Youth Alliance (WYA) and the Ateneo Debate Society (ADS) presented Motions-in-Motion: the Annual JPES Debate Tournament with the theme of Authentic Development: the Role of Economists in Human Development. Yearly, this serves as an avenue for students of Economics to apply theories learned within the four walls of the classroom in real life scenarios and to foster holistic development of our members. This was on January 22 and 29, 2012 at the University of Santo Tomas. Only three Universities left to compete for the semifinals of JPES Debate. PLM-EcoSoc is proud to be one of those Organizations along with De La Salle University Economics Organization and University of the Philippines Economics Towards Consciousness. Jennifer Pulido (BSBE 3rd year) and Julius Pungtilan (1st year BSBE) won 3rd Runner up. Other participants of the debate, headed by Debate Committee Chairman, Mr. Vic Cajurao, Mario Cadiz (1st year), Lorenz Domingo (1st year), Beverly Maquinana (3rd year), Ren Yanes (1st year), ALfredo Mahinan (1st year), and our President, Rodolfo Ross Anthony. This project is under the JPES 2012 Theme, "Project: Transforming Philippines".

PLM ECOSOC is soaring higher in Debate competitions!


PHILIPPINE ECONOMY 2012 Progress lies not in enhancing what is, but in advancing toward what will be -Khalil Gibran RANGELIQUE N. MORALES

How is the Philippine economy heading into 2012? And what can be expected as this year comes to an end and a new one begins? 2011 has been a year of growth, according to the Central Bank. The economy grew by 3.6 percent in the first 9 months, although the government’s target was 4.5 – 5.5 percent. It was also noted that there was no contraction even if economic growth has slowed. Furthermore, the sound macroeconomic fundamentals of the country will hopefully help prospects for the coming year. First, an overview of 2011. The first quarter showed that expansion was at the slowest pace since 2009. Still, a budget surplus was seen in April, which helped the president’s efforts to narrow budget deficit from 314 billion pesos in 2010. Export growth slowed, but still rising 4.1 percent from the previous year. Remittances from OFW’s gained 5.9 percent in the first three months, while government expenditure fell 11.6 percent. 2012 is upon us. It is widely viewed as a fateful year. Will it be so for the Philippine economy? There are several predictions on this matter. Due to an escalating debt crisis in Europe, a continuing weak US labour market, and a danger of a slowdown in China, the future of the economy may be facing difficulties. There may even be a drop in trade, investment, and official aid. This may become so even with the booming outsourcing industry.

Most of the infrastructures supposed to be implemented in early 2011 will finally push through next year. They will also be functional almost simultaneously. Because of this, there may be a sudden increase in overall investments. Although the government was criticized for the delays, optimism may be expressed that the economy will grow at a much faster pace. As can be seen, there are both positive and negative expectations regarding the economic standing and growth of the Philippines. The country’s development plan details that the efforts will be made to reduce the budget deficit, while at the same time it has not yet addressed the issues related to competitiveness of export and spending for infrastructure to entice the private sector into making more investments. This may seem to slow the reduction of the deficit, since the government will be spending more, but if the investors know that the need is there and can see the prudent spending, they will not take it out on the government. Despite the many political issues that surface in 2011 that may affect economic growth, Filipinos can still look forward to a good future. This will only be if the government will stay true to the development plan and, if they cannot fully achieve the goals, at least get close enough to matter. Natural disasters and doomsday prophecies notwithstanding, 2012 is looking to be a year of changes. Changes that can be seen either way: glass half full or glass half empty. With so many other problems facing the country, Filipinos better hope that the said changes will be for the better.


Recently, news came all over declaring that the world’s population had reached a whopping 7 billion. United Nations acknowledged last October 31 Philippines’ baby Danica Camacho as the significant 7 billionth baby. But after the title has been given to baby Danica, claims have been made by other countries that their babies are the real symbolic additional to this planet. Behind all the festivities and lavish ceremonies being conducted in the Philippines for baby Danica, as well as in India’s baby Nargis and some other parts of the world claiming such title, the real question here is can our mother earth truly be able to cope with such high number of people? Reaching this symbolic milestone of 7 million people only lead us to the realization that numbers as little or as enormous as they may be should be well thought of especially if it concerns society’s welfare. Let us admit the fact that we are no longer certain that the availability of food, clean water or even shelter would be good enough for the individuals’ continuous existence. The leader of the U.N. Population Fund, Dr. Babatunde Osotimehin, a Nigerian obstetrician-gynecologist mentioned that in some countries where population growth is outpacing economic growth, reproductive health services are justly needed.

ROOM FOR ONE MORE? World at its Significant 7 Billion Population

This new mark does not promote or give emphasis to artificial birth control as an option towards population cut off, but rather an eye-opener to pause for a while, think and reflect. 7 billion isn’t just 7 billion. It’s a huge number that concerns all of us. In 2024, UN estimated that world population would reach 8 billion. If living standards for each person around the world were brought up to American standards, humans would need five earths to handle the demand, and that’s a different story.


Silver is Colorful: Economics Society soaring high on 25th year of EXCELLENCE Economics students, faculty members and the College of Accountancy and Economics gathered last December 12 to 17 (ECON WEEK) to celebrate the 25th anniversary of PLM Economics Society with the theme of “Silver is Colorful”. The Econ Week was the most awaited event this academic year organized by the EcoSoc Excecutive Committee and Committee Heads. The highlights of the celebration were the Econ Night / Christmas Party. The night was filled with fun and glamor with new and exciting events in celebration of the silver anniversary. Aside of the Econ Night, representatives from teams Red Smith, Green Ricardo, Blue Keynes and Yellow Marx battled out in Spports Fest and Acads War. This year’s concept promotes undying spirit of camaraderie, sportsmanship, and cooperation among econ students. The clash between the teams was very exciting since all are determined to win the all over championship. RED SMITH TEAM hailed as the Over-all Champion. Chenee De leon (Green Ricardo team) awarded as the Most Competitive Leader and Ferrari Fuertes (Red Smith team) as the Best team leader. HUMBLE BEGINNINGS Economics Society started way back 1986, when Professor Roberto Amores, with the supervision of the College of Business Economics and Public Affairs (CBEPA) Dean founded the Economics Society. Professor Amores, as the first ECOSOC adviser said that Economic Society was composed of radical students who are zealous and passionate for a economics and political revolution during the Marcos’ Regime. ECOSOC AT PRESENT As we commemorate the 25th Anniversary of our dear society, we appreciate the hard work of our advisers, from Professor Amores to Dr. Manlangit. Without them, economics students were not guided to the advent of economic expertise. We also are grateful for the efforts of the presidents and officers who lead us into camaraderie and cooperation. Finally, we value also the unity and camaraderie of the members of EcoSoc, for being the building blocks in attaining what EcoSoc is today. In our hands BSBE students, left a resposibility. A challenge to continue the legacy that was started; the eliteness and the supremacy; the pride and the humility. EcoSoc has it all. Different colors, one goal, one society. Indeed, Silver is Colorful.


The Art of Trying by PAULO COELHO Pablo Picasso once said, “God is really only another artist. He invented the giraffe, the elephant and the cat. He has no real style. He just keeps on trying other things.” When we start working on our dreams, we always feel afraid. We wonder if there are rules to follow. Who comes up with these rules, while we all live such different lives? If God created the giraffe, the elephant and the cat, and we try to learn from his example, then why would we try to follow one rule or another? Sometimes rules help us avoid the mistakes others have made before our time, but more often than not a rule will only make us repeat what someone else has already done. Rest assured. Trust the universe, and look forward to surprising yourself. The apostle Paul said, “God chose what is foolish in the world to shame the wise; God chose what is weak in the world to shame the strong.” The wise know some actions repeat themselves. They regularly encounter the same problems and situations they have dealt with before. Knowing that makes them sad. They start to think they’ll never be able to grow, since whatever they experienced before is happening again. “I’ve already been through this,” they complain to their hearts. “That may be true,” their hearts reply, “but you haven’t mastered it yet.” The wise understand that repetition has a cause: to teach the lesson that still needs teaching. Repetitive situations require different solutions every time. The one who fails must not see this as a mistake, but rather as a step toward greater self knowledge. It’s like Thomas Watson said, “Would you like me to give you a formula for success? It’s quite simple, really. Double your rate of failure.”

POWDER 101 “Penge powder!” You could hear this line right after the class or at the girls’ room. Powder is as essential as paper and pen to girls of Gusaling Lacson. For us, it is vital to make yourself fresh looking despite the hot temperature inside the classroom. Face powders not only help us look good by enhancing our skin tone but also help us smell good and feel fresh. You’d think powder would be easy to put on as lip gloss. But if you make a mistake, a soft, matte finish turns into a dry, cakey mess. Here are the golden rules of the “powder puff’ from YM Magazine. • Use powder if your forehead, nose, and chin tend to get oily, or to set foundation and concealer • Powder is not the same thing as foundation. If you want to out shine and set your make up, do not pat on a thick layer, that will go crusty after your 11:30 to 1:00 PM class! • Loose and pressed powders are really the same stuff but the pressed powder is much spill proof. Apply either one with large brush or a pluffy puff. Load it up, and then gently blow off the excess. What’s left should be enough to cover about half your face • Use oil-free powder unless you have very dry skin. If your skin gets shinny after a few hours, try oilabsorbing sheets. They soak up oil, without adding another layer of powder to your face


THE POWER OF WORDS: A Kangaroo’s Tale by PRIYA SHER

Two young kangaroos were playing in the forest when they fell into a very deep pit. They tried to jump out but couldn’t jump high enough to get out of the hole. Meanwhile, a big group of kangaroos started gathering above the pit – the pit was very deep and the gathered onlookers shouted to the two young kangaroos that it was impossible for them to get out. The older one of the two kangaroos heard the disheartening words of the spectators and after a while gave up and fell asleep, whilst the younger kept jumping and trying harder. It started getting dark in the forest and the group started shouting louder to the younger

Irritating Phrases in English

kangaroo to give up and stop as they believed there was no hope, but the young kangaroo was determined and he continued jumping even harder. Finally, he managed to jump out of the hole – the spectators were shocked and asked the kangaroo, “When we had told you so many times that it was impossible to get out, what was the reason that you tried even harder?” The kangaroo was shocked because he had not heard their discouraging shouts from the hole as he was partially deaf. As he couldn’t hear anything in the pit he thought they were all gathered there to cheer him on, encouraging him to jump out. He told them, “looking at all of you standing there cheering me gave me the strength to succeed in my mission of getting out of the pit.” This is a simple story with a very powerful lesson -Always remember the affect your words have on others. Your encouraging words have the potential to lift someone up and help them in achieving great things. Whilst, your negative words can cause deep hurt. Don’t let your words be the reason that someone is discouraged to continue trying to achieve their dream.

The list was compiled by Jeremy Butterfield in Damp Squid: The English Language Laid Bare (Oxford University Press). • • • • • • • • • •

AT THE END OF THE DAY FAIRLY UNIQUE AT THIS MOMENT 24/7 I PERSONALLY IT’S A NIGHTMARE IT’S NOT ROCKET SCIENCE WITH ALL DUE RESPECT ABSOLUTELY SHOULDN’T OF


TO CLEAR YOUR SKIN… Girls, even boys, are face-conscious nowadays. Here are 10 ways (from YM Magazine) to get those zits out of your life..

1. Clean yourself up. Find a cleanser that contains benzoyl peroxide or salicylic acid and use it twice a day. Acne begins to form when pores get clogged with a "plug" of keratin and sebum. Salicylic acid loosens the plug by softening the keratin. Benzoyl peroxide is a "bactericide" that is particularly effective against Propionibacterium acnes. 2. Exfoliate. Use a face scrub three times a week to get rid of dead skin and whatever dirt is hanging out on the surface of your face. Look for products made especially for your face that contains gentle exfoliating bits like jojoba. 3. Moisturize. It seems like the last thing oily skin needs, but moisturizer is a must, especially if you’re using acne products, which can be very drying. Plus, studies show that skin absorbs acne medication better when it’s hydrated. 4. Hands off. Attention chronic face pickers! (you know who you are) It’s time to retire. Not only does squeezing cause scarring, but dirt and bacteria on your fingers can make you break out. Try not touching your face for three months and you’ll see huge difference. 5. Don’t overload on products. Yes, it is tempting to douse with every zit cream you can get your hands on when you break out. Swear, it’ll just make matters worse by drying out your skin and irritating it. Instead, try the derm-recommended blemish busting strategy: Apply a salicylic acid treatment in the morningto unclog your pores and a benzoyl peroxide treatment at night to destroy acne-causing bacteria deep within them. 6. Have patience. According to Dr. Howard Sobel, New York City dermatologist, the average zit takes about a week to heal completely. Since medicated concealers help destroy pimples while cleverly disguising them, they make us insanely happy. 7. Chill out. The belief that foods like chocolate, french fries and pizza will give you zits its totally false according to dermatologists. But one thing that can mess with your complexion is stress, which throws your hormone levels out of whack and causes acne to flare up. Also, when you’re nervous you’re more likely to rub your face or pick pimples. Another reason to unwind and relax yourself. 8. Wear sunscreen. The sun can actually trigger a break out because your skin will start to produce oil more. Keep your face covered with a broad-spectrum sunscreen every day. 9. Be prepared. Pimples have no problem popping up during class or on a date, so carry a spot treatment with concentrated amounts of salicylic acid or tea tree oil, a natural zit remedy. 10. Get an Rx. If your skin refuses to cooperate with above advice, ask a dermatologist about prescription acne medication.


Showing their astonishing spikes and receiving’s, Blue Team made them fit in to the finals. The swift attacks made them moved into the championship while the defensive ability of Hope Catalig contributed a lot to the team. And Raymundo let the offense and deAs a way to promote Econ sportsmanship, fense of the Blue Team.

Pampalakasan 2011: Economic Society’s Annual Sports fest Jamille M. Alcantara

the Pamantasan ng Lungsod ng Maynila – Economics Society spearheads the annual sports fest with the theme of “Pampalakasan 2011: The Economics Society’s Sports fest” last December 18, 2011. A day event was held at PLM Rajah Sulayman Gymnasium and Field. The event featured various outdoor and indoor sports such as basketball, volleyball, table tennis, soccer and more. This year’s concept promotes the spirit of camaraderie, sportsmanship and cooperation among economic students from freshmen to seniors. The participants were divided into four teams – Blue, Green, Yellow, and Red Teams. The teams were spearheaded by Chyne Reyes, Chenee de Leon, Leny Ng and Ferrari Fuertes respectively. The clash of four teams was shown, as they compete for the championship title. It was a blast as the competition for major games begun. To start off, Blue Team composed of Alexander Altar with an alumni player Aljohn Raymundo, dominated the court for winning men’s basketball. While Yellow team on the other hand proved that women can also roll and shoot as they were crowned winners in women’s basketball, they were composed of Marie Magpantay, Jamille Alcantara, Czarina Urnos, Maria Kathleen Olea, and Bea Bautista.

To showcase team cooperation, this year’s sports fest was comprised of soccer game. With 0-0 score at the end of two forty-five minutes game, blue team and Yellow team showed their competitiveness and fervent to be the champion. However, the goal kick of Raymundo hails the Blue team as the champion. Moreover, singles and mixed table tennis was included in this year’s sport fest. Christian Ormacido from blue team garnered first place in table tennis for men (single), while Harlem Secuya of green team got the second place. Likewise, for women table tennis (single) Emeriza Potenciano from red team was garnered champion as against Cheenee de Leon of green team for second place. Furthermore, for mixed table tennis, Kyra Diola well-matched with RJ, both from red team succeed as they bring together and won the first place. Additionally, the afternoon event had shown how the participants competitively did their best to win in the games, while having fun. Economics alumni varsity players Ira Magtibay, Inno Cabello, Jason Arcino, Francis Saligumba and Aljohn Raymundo also played vigorously in various games. The latter part of the event was the awarding ceremony of all the games participated by all Economic students, the winners of sports fest and best players of different games. Finally, for the individual awards, the Most Competitive leader was awarded to Cheenee de Leon of Green team, while the Best team leader was awarded to Ferrari Fuertes. And Red team gave their best shot as they captured the overall champion title.


Nevertheless, though it was a long and tiring day for every economic student, lots of fun and the overflowing enjoyment was felt by everyone most especially the seniors. Indeed, this meaningful and significant event marks another history in PLM Economic Society.

Sports News Feed: CAE Lady Spikers Miss Final Four: While possessing the heart and determination of a champion, the CAE Lady Spikers unfortunately fell short in entering the final four as they ended their campaign with a 5-4 win-loss card in PLM Intramurals. CAE Men’s Varsity team fail to spot into the Semis: Showed off defensive and offensive skills combined with their long shots, and finally they garnered the fifth place.

Econ Prides, Arianne Enriquez and Michael Macapagal participate on Alculympics 2012 held last March 5-8 in Sta. Cruz Laguna. The said competition partakes by 12 universities and colleges in the Philippines.


Sports Featured Article “KEEP RUNNING” By Jamille M. Alcantara

You think the two of you might have a brighter future together? Just like any relationship, running takes hard work and commitment. Likewise, running can be addictive but too much could be a bad thing. Running has the power to change your life. It will make you fitter, healthier and even happier. Based on its definition, running is an activity that one goes steadily by springing steps so that both feet leave the ground for an instant in each step. In short, both feet are in the air at once. Running, jogging or walking is still the cheapest exercise or recreation. You can start on an oval and street or on an open field bringing with the most convenient water bottle to keep you hydrated. For most people and even athletes, they are require to have a good running routine since it will help them to increase their speed and endurance to perform well on their sports respectively. Running lets you go at your own pace. If one’s aim is to go for longer competitive distances, then you should go into serious training and get couching. Foot alignment, knee lift, heel lift, arm swing are those simple things that should be trained and practiced frequently.

There’s no reason that running can’t be your aerobic exercise. You can do running on anytime you’re comfortable with. It doesn’t have to be at the break dawn, though this is the best time because the metropolis isn’t bludgeoned yet by excessive pollution and traffic. Many walk and run in parks and open spaces of Roxas Boulevard and Ayala Triangle in Makati after classes or work. The important thing is to do this regularly so that your whole system gets used to the workout. Here are some tips that might help you to keep running as a habit: Have a finite time plan. Keeping up a daily running habit, it will become easier to do it than not do it. Start with walking and running and then build up your running. For starters, brisk walking and short distances of running are good. Enlist a friend. Running with a friend is a surefire way to not be bored to run, since chatting and laughing will be part of it. Enjoy the moment. As said, running will make you fitter, healthier and even happier. So why not run?! With this running boom, its great peripheral industries related to enjoying delightful fallout. Sports equipment stores and sports event organizers are getting a marketing boost from a sport that attracts thousands of all ages. Keep those tips in mind and enjoy a long and fulfilling relationship with every step and every run together with your love ones. So go out


Congratulations to ECON SPORTSFEST WINNERS! Basketball (BOYS) 1st - BLUE 2nd- RED 3rd - YELLOW 4th - GREEN Basketball (GIRLS) 1st - YELLOW 2nd- BLUE 3rd - RED 4th - GREEN Mythical Five (MEN) Alexander Alak (MVP) Mythical Five (WOMEN) Mharie Magpantay (MVP) Jamille Alcantara Czarina Urnos Katherine Olea Bea Bautista Mixed Volleyball 1st - BLUE 2nd- RED 3rd - GREEN 4th - YELLOW Mixed Soccer 1st - BLUE 2nd - YELLOW 3rd - RED 4th - GREEN

Table Tennis Singles (MEN) 1st -Christian Q. Ormacido (BLUE) 2nd - Harlem Secuya (GREEN) 3rd - Mario (YELLOW) 4th - RED Table Tennis Singles (WOMEN) 1st - Emeriza Potenciano (RED) 2nd - Cheenee de Leon (GREEN) 3rd - BLUE 4th - YELLOW Mixed Table Tennis 1st - Kyra Kae Diola & RJ (RED) 2nd - Christian Ormacido & Raicana Dirampaten (BLUE) 3rd - GREEN 4th - YELLOW DOTA Tournament 1st - 2nd Year 2nd - 4th Year 3rd - 3rd Year 4th - 1st Year Overall Ranking 1st - RED SMITH TEAM 2nd - GREEN RICARDO TEAM 3rd - BLUE KEYNES TEAM 4th - YELLOW MARX TEAM


The Glitz and Glamour of EconNight As the future economists battled on Academic Wars: debate, slogan making, poetry writing, extemporaneous speaking, and quiz bee last December 13 at GA 201, these photos are taken days later. December 15 marked the ECON Night, an exciting event that made the Econ Week more colorful.


Final Wave of Economic Excellence PLM ECOSOC LAST GA Pauline F. Mendoza The Economics Society made FEBRUARY not just a love month, but also a thrilling and colorful one for EVERYONE! Last February 16 the last General Assembly for this academic year entitled "ECOSOC ON SILVER SCREEN: THE EXCELLENT CONCLUSIONS" brought exciting activities and an all out-celebration to highlight the talent of PLMayers. All in one amazing event, each block battled out in EcoSoc Dance Mania, Battle of the Bands, and World Class Block Performance.


NEW ECOSOC EXECUTIVE COMMITTEE 2012 President Executive Vice President Executive Secretary VP for Academic Affairs VP for Non Academic Affairs VP for Finance VP for Marketing

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Miqhaela Janna Seville Maria Clariza Calumpiano Jeiel Denise Alfonso Mary Jane Eucos Michael Macapagal Princess Bacay Beatriz Bautista


Ecosphere 2012