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Gotianun heiress sets course for inclusive, digitally deft future

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Isabelle Gotianun Yap

Isabelle Gotianun Yap

Finance and business run deep in Isabelle Gotianun Yap’s blood, an aspiring executive at EastWest Bank, the banking arm of family-run Filinvest Development Corp.

Recently named one of the Switzerland-based World Economic Forum’s (WEF) 100 new Young Global Leaders (YGL), 34-year-old Isabelle is on a mission to make a big impact within the group and potentially beyond.

Mentored by her grandmother, Mercedes Gotianun, the county’s first female universal bank president, and her mother, Filinvest Group President, Lourdes Josephine Gotianun Yap, Isabelle was never short of role models.

“I was introduced to management at an early age by my grandmother and mother in our family business,” EastWest Inquirer’s chief executive and vice president said in an email.

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“Having these great role models, I always knew I wanted to be in our family business, to solve big problems and make a difference in the world,” she adds.

She earned her bachelor’s degree in business administration with a dual major in finance and marketing from Singapore Management University. She also has a Masters of Business Administration from Harvard Business School.

Isabelle is a former consultant at McKinsey, where she honed her critical thinking and problem-solving skills while serving a variety of clients across the country.

She was also part of the Management Associate program of industry giant Singapore Telecommunications, where she gained valuable experience in digital marketing, product development and project management. “While making an impact around the world has brought me fulfillment, I wanted to bring the impact closer to home. So I went back to the family business,” says Isabelle.

“At EastWest, my work is really focused on building and launching these strategic and transformative initiatives for the organization. I hope to make a lasting impact here, much like the strong female role models I grew up with made in their own time,” she adds.

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As part of the next generation of the family, Isabelle brings a fresh and digitally-focused perspective to Filinvest Group, which was founded 68 years ago by her grandparents, the late Taipan Andrew Gotianun Sr. and his wife Mercedes. The $1 billion group’s portfolio includes real estate, banking, sugar manufacturing, energy and infrastructure.

venture builder

Within parent company Filinvest Development, Isabelle chairs the digital venture builder and transformation arm F(Dev), which she helped build.

“Our mission is twofold: first, to serve and empower underserved communities and transform industries through technology-enabled business models; and second, to enable the Filinvest family to be ready for a digitally-enabled future,” she says.

Some of the group’s projects are likely to be familiar to companies today.

Among them is Investree Philippines, the very first registered crowdfunding platform in the Philippines. The crowdfunding firm, a joint venture with Investree Indonesia, aims to bridge the fundraising gap to serve the large number of small and medium-sized businesses.

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Isabelle says that F(Dev) is also leading digital business transformation within the conglomerate.

At EastWest, she is credited with leading the development of Komo, one of the country’s first fully digital banking services, which launched in August 2020 amid the COIVD-19 pandemic.

“Komo was created to give Filipinos more control and flexibility in managing their money. Komo stands for kontrol mo (your control). We wanted to make our customers’ lives easier by offering convenient, safe and reliable services,” says Isabell.

Being one of the earliest fully digital services on the market, she envisions the plan to “really continue to be at the forefront when it comes to developing and driving our products and services along with our processes for our customers improve”.

Komo is also successful because of the team of dedicated professionals who helped bring the project to life, says Isabelle.

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“Today’s Komo team has a broad background – fintech, banking, telecom to name a few, but all have a digital background and an attitude to push boundaries,” she says.

“This diversity of experiences allows us to consistently challenge the status quo for a better product for our customers, the Komounity,” she adds.

YGL class of 2023

Isabelle is one of the two Filipinas to make it to the YGL class of 2023. The other is Natashya Gutierrez, who lives in Australia and is the Asia Pacific Editor-in-Chief at Vice News.

The WEF describes Natashya as “an experienced multimedia journalist with a proven track record in the online media industry”. Experienced in digital reporting, editorial, management, investigative journalism and content strategy, she previously worked at online news platform Rappler.

She is “particularly knowledgeable in Southeast Asia, covering women’s rights, politics, corruption and breaking news,” says the WEF.

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The YGLs Forum intends to accelerate the impact of a diverse community of responsible leaders across borders and sectors to shape a more inclusive and sustainable future.

Only six new YGLs are based in Southeast Asia, including Isabelle.

“From brave journalists exposing the most critical political and human rights issues of our time, to savvy entrepreneurs transforming the way we work with technology, this year’s course is packed with brilliant minds and passionate leaders from business, civil society, Science and government,” he tells the WEF. INQ


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Rocket Lab targets Neutron launch price to challenge SpaceX

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rocket lab is building a larger, reusable launch vehicle called the Neutron and is targeting a price near $50 million per launch to challenge it Elon Musk’s SpaceX.

“We are positioning Neutron to compete head-to-head with the Falcon 9,” Rocket Lab’s chief financial officer Adam Spice said earlier this week while speaking at a Bank of America event in London on Tuesday.

The company announced Neutron when it went public in 2021, with Spice saying the rocket remains on track to debut in 2024 its fourth quarterly report last month, Rocket Lab said it has begun production of Neutron’s first armor structures, as well as construction of the launch pad for the rocket. The company plans to conduct the first “hot-fire test” of an Archimedes engine that will power Neutron “by the end of the year,” Spice said.

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SpaceX is touting a $67 million Falcon 9 launch, and Spice says Rocket Lab is aiming to match that on a cost-per-kilogram basis for satellite customers. That means Neutron is “targeting a launch service cost of $50 million to $55 million,” Spice said.

Spice also noted that Rocket Lab expects to fly the reusable Neutron boosters “10 to 20 times” each, within range of the current reusable performance of a Falcon 9 booster.

“We ultimately expect margins on Neutron launches to be in the range of about 50%,” added Spice. He estimated the commodity cost of each neutron at $20–$25 million, with “nearly half of that” coming from the rocket’s upper, non-reusable second stage.

Additionally, with SpaceX pushing hard to develop its massive Starship rocket, Spice alluded to the potential for the company to veer away from flying Falcon 9 missions.

“We don’t have any hard data on that, but if that were to happen, that would certainly be an incredibly optimistic thing for Neutron,” Spice said.

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In the meantime, Spice said Rocket Lab aims to maintain its position as the “dominant player” in the small satellite launch market sub-sector with its Electron vehicles. The company expects to launch three Electron missions in the second quarter, two of which have already been completed, and is “on track” to launch 15 missions this year, Spice said.

More than rockets

Spice also stressed to the Bank of America audience that Rocket Lab is “much more than” just a rocket company. In fact, the company’s acquisitions and expansion into building satellite components and spacecraft have become the majority of its quarterly revenue.

“All of this leads to the biggest opportunity in space that’s really on the application side,” Spice said.

As CEO Peter Beck has previously notedRocket Lab’s goal is to create an “end-to-end platform for customers” who need space-based services. Spice said the company wants to operate satellites and “deliver data to our customers and develop a recurring revenue stream from it,” essentially eliminating the need for other companies to build and operate their own satellites.

“A lot of the companies that we are [launching to orbit on Electron] are very unnatural space facility owners,” Spice said, adding that “the best space facility owner is someone who can launch.”

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Rocket Lab CEO on the importance of the US Space Force mission to the company
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Rivian Automotive wants more engineers working at its manufacturing plant

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Electric vehicle company Rivian plans to go public

News from Spencer Platt/Getty Images

Rivian Automotive (NASDAQ:RIVN) is reportedly planning to move more of its manufacturing engineering team to its Normal, Illinois manufacturing facility to accelerate production of electric trucks and SUVs

Sources indicate a will to reorganize

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Tesla Stock: Cathie Wood Sells $27 Million Of TSLA To Buy The Dip On Coinbase, Block

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Fund manager Cathie Wood and her firm ARK Invest Management sold millions of Tesla shares on Thursday, inviting shares of Tesla coin base (COIN) as the crypto exchange stock fell after receiving a Securities and Exchange Commission warning.




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Tesla Stock Sale

Wood unloaded a total of 139,642 Tesla (TSLA) shares on Thursday were valued at $26.84 million based on the closing price of 192.22, according to an investor update on Thursday night. The company sold 119,630 shares of its ARK Innovation ETF (ARKK) and 20,012 shares from the ARK Next Generation Internet ETF (ARKW).


Coinbase stock crashes as SEC turns aggressive


The sale ended a Tesla buying streak for Wood. Added ARC Tesla shares valued at $12.6 million on March 8th after buying 1.3 million shares in December and January, according to Barron’s data. Tesla shares closed Thursday 5.5% higher than their March 8 close and 1% below their Dec. 1 close. Tesla stock is up 76% so far this year.

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TSLA shares tumbled 0.9% on Friday.

Buy the Coinbase Dip

Meanwhile, ARK Invest added 268,928 shares of Coinbase worth $17.83 million based on Thursday’s close of 66.30. ARK added 230,599 shares to ARKK and 38,329 shares to ARKW, respectively.

COIN shares fell 14% on Thursday after the company announced it received a Wells Notice from the SEC late Wednesday, warning that the regulator intends to recommend enforcement action for potential securities violations. Coinbase and its executives remain firm in their belief that their products are compliant.

On March 21, Wood sold 160,887 shares of Coinbase from the ARK Fintech Innovation ETF (ARKF) to mark ARK’s first COIN stock sale of the year.

COIN stock rose 2.3% on Friday. Coinbase shares have rocketed 101% year-to-date. Still, shaken by crypto panics, Coinbase stock remains well below its all-time high of 368.90 set on Nov. 9, 2021.

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Wood and ARK also bought 320,557 shares of the payment processor block (Q), valued at $19.84 million based on Thursday’s close of 61.88. SQ stock slipped 2% on Friday.


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