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killexams.com CTP free pdf contains a Complete Pool of Questions and Answers and Study Guide confirmed and substantial including references and clarifications (where appropriate). Our objective to rehearse the Certified Treasury Professional sample test is not just to finish the CTP test at first endeavor however Really Improve Your Knowledge about the CTP test course destinations.

Exam Code: CTP Practice exam 2023 by Killexams.com team
CTP Certified Treasury Professional

General Information
– The Certified Treasury Professional (CTP)
– The CTP Examination
– Eligibility Requirements
Exam Format
– Test Development
– Job Analysis
– Test Specifications
– Body of Knowledge
– The exam
– 2020-2022 CTP Test Specifications:
Knowledge Domains and Task Statements
Exam Locations/Dates/Fees
– Exam Center Locations
– 2020 CTP Examination Testing Windows
and Deadlines
– 2020 New Applicant Fees
– Other Fees
– Cancellation Policy
– Deferrals / Special Circumstances
Taking the CTP exam
– Submitting Your Application
– Authorization–To–Test (ATT)
– Scheduling Your Examination Appointment
– Testing Time
– Requesting Special Testing Accommodations
– Making Changes
– exam Results
CTP Study Resources
– Essentials of Treasury Management®, Sixth Edition
– CTP exam Prep Platform
– CTP Examination Preparation Guide
– CTP exam Study Network
– Complimentary Webinars
– CTP exam Review Course
– Regional AFP/TMA Organizations
Maintaining Your CTP Credential
– CTP Recertification and Reporting Continuing
Education (CE) Credits
– Approved CE Activities
– Activities Not Approved for CE Credits

Each question on the CTP exam is referenced to the content of Essentials of Treasury Management®, Sixth Edition, the Body of Knowledge (BOK) for the CTP exam. The computer-based exam includes 170 multiple-choice questions and is built according to the CTP Test Specifications on page 5 of this handbook. Test development for the CTP exam is based on psychometrically validated procedures. Pearson VUE and AFP ensure the CTP exam is valid, reliable and legally defensible.

Domain 1
Maintain corporate liquidity required to meet current and future obligations in a timely and cost effective manner
A. Manage optimal cash positioning through short-term investing and borrowing activities
B. Forecast/manage cash receipts and disbursements [cash flows]
C. Leverage cash concentration/pooling structures
D. Manage foreign exchange (FX) exposure
E. Manage trade financing (including letters of credit)
F. Manage intercompany financing (including loans, repatriation, in-house banking)
G. Review cash balances and reconcile transaction activity to ensure accuracy
H. Optimize treasury operations (including considerations for roles/responsibilities and outsourcing options)
I. Calculate, analyze, and evaluate financial ratios to optimize financial decision making

Domain 2
Manage capital structure, manage costs of long-term capital, and quantitatively evaluate long-term capital resource investments
A. Negotiate and manage syndicated agreements
B. Manage investment portfolio
C. Issue debt and equity
D. Manage revolving debt agreements
E. Assess impact of mergers, acquisitions, and divestitures
F. Evaluate current market conditions (including credit availability, spreads, interest rates, terms, risk) as they relate to long-term borrowing strategies

Domain 3
Manage internal and external relationships
A. Build, maintain, and review relationships with external financial service providers
B. Evaluate and implement treasury products and services (including banking products, treasury workstations)
C. Administer bank accounts (including bank fee analysis) and maintain documentation
D. Identify, negotiate, and select relationships and operational agreements with external service providers (including financial, technological, and investment/retirement advisors) to ensure best practices and competitive pricing
E. Serve as an internal trusted advisor and consultant (including Project Finance)
F. Manage merchant services programs (including fees, risk, controls, card security compliance, retention requirements)
G. Build and maintain relationships with internal stakeholders (including accounting, IT, legal, and tax departments) H. Market Effects on Working Capital

Domain 4
Monitor and control corporate exposure to financial, regulatory, and operational risk (including emerging and reputational risk)
A. Comply with treasury policies and procedures (such as investment, FX, risk management, hedging, credit approval)
B. Draft treasury policies and procedures for approval (such as investment, FX, risk management, hedging, credit approval)
C. Detect and mitigate fraud (such as payments, bank transactions, internal, external)
D. Benchmark performance against external sources to ensure best practices (including banking fees comparative analysis)
E. Evaluate and manage counterparty risk (including risk related to supply chain, banks, brokers, dealers)
F. Develop, maintain, and test business continuity plans (including bank balance reporting process, funds transfer capabilities)
G. Hedge FX, interest rate, and commodities exposure
H. Ensure regulatory compliance, and report internally and externally on compliance

Domain 5
Assess impact of technologies on the treasury function
A. Leverage technology systems (including enterprise resource planning (ERP) systems and treasury management systems)
B. Identify security issues and concerns associated with new and existing technology
C. Identify cyber-related risks
D. Monitor information security risk and cyber-related risk (including e-mail scams, phishing scams)

33–37% of the questions test knowledge of basic facts and terms.
38–42% of the questions test an understanding of concepts and principles.
23–27% of the questions test the higher thinking ability to apply concepts and principles to a specific situation.
10–15% of the questions will require mathematical computations.

Certified Treasury Professional
AFP Professional benefits
Killexams : AFP Professional benefits - BingNews https://killexams.com/pass4sure/exam-detail/CTP Search results Killexams : AFP Professional benefits - BingNews https://killexams.com/pass4sure/exam-detail/CTP https://killexams.com/exam_list/AFP Killexams : 'Country's leaders must ensure a professional AFP'

Former Defense secretary Norberto Gonzales (right) with ‘Business and Politics’ host Dante ‘Klink’ Ang 2nd, chairman and CEO of The Manila Times, in the latest episode of the program on Saturday, Jan. 28, 2023. PHOTO BY J. GERARD SEGUIA

THE country's leaders must see to it that the military is committed to professionalism, a former defense secretary and national security adviser said.

"We have to look into the quality of the national leadership that we have because that will impact an institution like the armed forces," Norberto Gonzales said on "Business and Politics," a program hosted by The Manila Times Chairman and CEO Dante "Klink" Ang 2nd every Saturday night on SMNI.

Defense Secretary Carlito Galvez Jr. earlier confirmed there was some discontent in the Armed Forces of the Philippines (AFP), but attributed it to the "anxiety" over the impact of Republic Act 11709 on the officers' careers.

Under RA 11709 or the "Act Strengthening Professionalism in the AFP," the chief of staff, vice chief of staff, deputy chief of staff, heads of the major services, unified command commanders and inspector general will have a fixed three-year term.

To appease the rumblings in the military, "ideas" that have been floated in the past should be reviewed, such as making sure that only the best among military officers are promoted.

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"There are certain lessons, like if you achieve the rank of colonel, for example, and then at a given point you are not rising beyond that rank then you will be asked to retire," said Gonzales. "That is just one way of allowing the promotion of people who can measure up to the demands of the institution. I really do not see that in the law that we have today."

He said the idea of fixed terms for senior positions in the military also have to be re-evaluated.

He said there is no need for amendments since the President can "actually determine how long a particular office will be occupied by certain officers, particularly in the military."

"Why not continue with that? You do not need amendments to the law," said Gonzales, who was a candidate in the 2022 presidential election.

"You cannot just allow certain defects or certain personalities in our political system to be cured by certain laws," he added.

Gonzales, who was the presidential chief of staff under the administration of former president and now Pampanga Rep. Gloria Macapagal Arroyo, said he does not believe the Armed Forces wants to destabilize the government.

"Their priority is stability of the nation, especially in times like these wherein there are other more serious concerns in the world and in the country itself," he said.

Gonzales also said the latest death of Communist Party of the Philippines (CPP) founder Jose Maria "Joma" Sison has no direct effect on the local communist movement.

"Joma is really more of a symbol to the communist movement in the country than actually occupying a top position in the CPP-NPA (New People's Army) because he had been with them since the beginning," he said.

Gonzales said the CPP-NPA is intact as an organization, and what it is looking for is "a new symbol."

"As far as their operations are concerned, it will continue," he said.

Gonzales noted that President Ferdinand Marcos Jr. can have an effective but "not necessarily open" way to deal with the decades-long insurgency by bringing in an independent facilitator.

"To get a quiet but effective third-party facilitator can actually convince the communist movement to supply up its arms struggle," said Gonzales.

Fri, 27 Jan 2023 10:00:00 -0600 en text/html https://www.manilatimes.net/2023/01/30/news/national/countrys-leaders-must-ensure-a-professional-afp/1876418
Killexams : Threats on life ‘after AFP cop boss complaint’ </head> <body id="readabilityBody" readability="27.959183673469"> <h3>Newscorp Australia are trialling new security software on our mastheads. If you receive "Potential automated action detected!" please try these steps first:</h3> <ol type="1"> <li>Temporarily disable any AdBlockers / pop-up blockers / script blockers you have enabled</li> <li>Add this site in to the allowed list for any AdBlockers / pop-up blockers / script blockers you have enabled</li> <li>Ensure your browser supports JavaScript (this can be done via accessing <a href="https://www.whatismybrowser.com/detect/is-javascript-enabled" target="_blank">https://www.whatismybrowser.com/detect/is-javascript-enabled</a> in your browser)</li> <li>Ensure you are using the latest version of your web browser</li> </ol> <p>If you need to be unblocked please e-mail us at accessissues@news.com.au and provide the IP address and reference number shown here along with why you require access. News Corp Australia.</p><p>Your IP address is: | Your reference number is: 0.4fda0760.1676851219.7752bd57</p> </body> </description> <pubDate>Wed, 15 Feb 2023 20:32:00 -0600</pubDate> <dc:format>text/html</dc:format> <dc:identifier>https://www.theaustralian.com.au/nation/threats-on-life-after-afp-cop-boss-complaint/news-story/a8642cbe6cb7928d5d6cd08052776fd8</dc:identifier> </item> <item> <title>Killexams : How NFTs Are Changing The Game For Professional Athletes

Professional athletes represent the most physically and mentally gifted individuals of the human race. And because of their unique superpowers, their name, image, and likeness are often a hot commodity among consumers.

Unfortunately, for a long time, athletes have been unable to fully cash in on their personal value.

Take, for instance, a Mickey Mantle baseball card. For those unaware, Mantle was a famous outfielder and first baseman who spent the entirety of his eighteen-year career with the sport’s most storied franchise, the New York Yankees. In that time, he won three American League Most Valuable Player awards, a triple crown, and helped lead the Bronx Bombers to a whopping seven World Series titles. It would make sense that Mantle and his estate would be able to monetize every iota of his Hall of Fame career.

Well, that was not the case in August 2022, when Heritage Auctions sold a Mickey Mantle baseball card for 12.6 million U.S. dollars, making it the most expensive sports trading card sold at auction to date.

How much of this 12.6 million did Mantle and his estate collect? Not a penny. That’s right. Nothing. Nada. Zilch. Zero.

Despite all the blood, sweat, and tears Mantle gave to the game of baseball, he and his descendants were unable to benefit from the sale of his name, image, and likeness.

An unjust outcome indeed, but how can we remedy this problem in the system while still enabling fans to collect and sell sports memorabilia?

Enter Non-Fungible Tokens, or as they are commonly known: NFTs. Regardless of what you call them, they are changing the sports memorabilia industry for the better.

“Non-Fungible Tokens have revolutionized the art and entertainment world. Verifying the originality of art, music, or videos on blockchain has reshaped ownership,” Jesse Foreman, NFL agent for Young Money Sports and Co-Founder of Young Money APAA Kingdom, explained.

“NFTs are revolutionizing the concept of sports memorabilia by allowing the fans to own players' cards and video clips from games.”

Most importantly, they also correct the problem posed earlier in our Mantle quandary, as NFTs distribute royalties to the athlete and their estate on resales (at a rate of usually 3-10%). So, if the Mantle card that was sold for 12.6 million had been an NFT, his estate could have received somewhere between 378,000 and 1.26 million dollars from that sale.

And NFTs have shown to be mighty valuable, too. Fellow former Yankee Brett Gardner’s NFT was reported to be worth nearly 21.3 million dollars as recently as December 2022. In the same article, LeBron James showed that he’s not only The King of the NBA, but also The King of NFTs, owning the highest recorded sale of an NFT by an athlete (21.6 million).

With NFTs now providing a pathway for athletes to maximize their value in the memorabilia world, some agencies have started providing clients with their own digital player cards. This allows them to sell the card, make a full profit off of that, and then collect 3-10% in royalties on any resales that may occur after that.

In fact, Foreman’s agency, Young Money APAA Sports, is joining the foray themselves, as starting today, they will begin supplying each client with their own player card so they can begin profiting off their name, image, and likeness.

“The future is being built on blockchain, and we want to use it to revolutionize the way fans engage with athletes,” Foreman remarked in an interview with Forbes.

Foreman anticipates that NFTs are only the beginning and that soon, the Metaverse will also offer opportunities for athletes to both enhance their brand and engage with fans. “The NFT is just the start. We envision our clients playing sports with their fans in the Metaverse.”

Outside of Young Money, Disruptive, Wasserman, Creative Artists Agency, VaynerSports, and Steinberg Sports, all offer similar NFT resources to their clients.

Athletes are a rare breed. And they deserve to cash in on every drop of that rarity. With NFTs, they now have another way to do so.

Thu, 02 Feb 2023 01:00:00 -0600 Mat Issa en text/html https://www.forbes.com/sites/matissa/2023/02/02/how-nfts-are-changing-the-game-for-professional-athletes/
Killexams : Spain Creates Jobless Benefit System For Artists

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Tue, 10 Jan 2023 03:27:00 -0600 en-US text/html https://www.barrons.com/news/spain-creates-jobless-benefit-system-for-artists-01673370308?refsec=topics_afp-news
Killexams : Adult-Use Cannabis In Illinois Created 30,000 Jobs, Governor J.B. Pritzker Says

Illinois Governor J.B. Pritzker released his fifth balanced budget proposal and delivered his State of the State and Budget Address Wednesday. He listed several achievements, notably the creation of over 30,000 cannabis-related jobs in the state since 2020 when Illinois’s adult-use cannabis market kicked off.

That number could swell to 65,000 jobs by 2025, Washington, D.C.-based New Frontier Data predicted in 2019.

“Cannabis legalization has created more than 30,000 jobs since 2020, and Illinois is home to the country's most diverse cannabis industry and some of the largest companies,” the governor said during his State of the State and Budget Address.

Three years into legal cannabis for adults, Illinois is seeing the fiscal impact, partly in the form of new jobs.

On June 25, 2019, Pritzker signed House Bill 1438, legalizing cannabis in the state for people ages 21 and over, and it included a package of sweeping criminal criminal justice reforms.

The Cannabis Regulation and Tax Act took effect on Jan. 1, 2020. The law, which was sponsored by Senator Heather Steans and Representative Kelly Cassidy, did not only legalize the possession and use of cannabis for adults, but it expanded the state’s current medical cannabis licensing system.

It allows people to automatically receive clemency for convictions up to 30 grams of cannabis. People who were convicted with larger amounts of cannabis, from 30-500 grams can petition a court to have the charge lifted.

Beyond the system for automatic expungement for cannabis-related offenses, it allows for medical patients to grow cannabis at home, and offers significant benefits to communities that are hit hardest by the war against cannabis.

Some key provisions of the Cannabis Regulation and Tax Act allow adults 21 and older to possess up to 30 grams of raw cannabis; cannabis-infused product or products containing no more than 500 mg of THC; and five grams of cannabis product in concentrated form.

Non-residents may purchase half that amount, or 15 grams of cannabis, 250 mg of THC in a cannabis-infused product, and 2.5 grams of concentrated cannabis product.

The state’s legalization success story has been called “the gold standard.”

Like jobs, the number of cannabis licenses is growing despite a few setbacks. The following types of cannabis business licenses are available in Illinois: Dispensary, providing cannabis products to adult consumers; Infuser, infusing products such as edibles with cannabis extract; Transporter, moving cannabis between business licensees: Craft Grower, cultivating between 5,000 and 14,000 square feet of canopy space and may be separately licensed as an infuser and a dispensary at the same facility; and finally Cultivation Center, cultivating up to 210,000 square feet of canopy space.

Last month on Jan. 19, the Illinois Department of Agriculture (IDOA) issued 33 additional Transporter licenses, closing the 2022 application pool. Those are added to the 88 Craft Grow licenses and 54 Infuser licenses already issued, bringing the total of licensed transporters in the state to 222.

"My administration remains committed to building the most equitable and economically prosperous cannabis industry in the nation," Pritzker stated. "Since I signed the Cannabis Regulation and Tax Act into law in 2019, we've issued hundreds of licenses for craft growers, transporters, and dispensaries—a majority of which are social equity applicants. And today, I couldn't be happier to announce that the IDOA has issued an additional 33 transporter licenses—creating more good-paying jobs and setting the stage for a flourishing cannabis industry."

In addition, 85% of all new licenses under the Cannabis Regulation and Tax Act are equity by ownership.

The Illinois Department of Financial and Professional Regulation (IDFPR) said that in 2022, the state set adult-use cannabis sales records in all categories. Cannabis sales in the state reached a record high in 2022 of over $1.5 billion.

Out of that $1.5 billion in 2022 sales, Illinois collected $445.3 million in tax revenue. The state’s powerhouse industry aligns with the job growth it’s providing to state residents.

Fri, 17 Feb 2023 00:05:00 -0600 Benjamin Adams en text/html https://www.forbes.com/sites/benjaminadams/2023/02/17/adult-use-cannabis-in-illinois-created-30000-jobs-governor-jb-pritzker-says/
Killexams : AFP examines merits of creating a fleet apprenticeship No result found, try new keyword!The Association of Fleet Professionals (AFP) is considering introducing an apprenticeship scheme for the fleet industry. It is currently looking into the process involved in developing an ... Tue, 24 Jan 2023 19:20:00 -0600 en-US text/html https://www.fleetnews.co.uk/news/fleet-industry-news/2023/01/25/afp-examines-merits-of-creating-a-fleet-apprenticeship Killexams : Tech trends: Seen through the eyes of developers

French company Valeo demonstrates the use of a virtual reality headset at the 2023 CES technology show in Las Vegas, Nevada - Copyright AFP/File STR

Many firms are in the middle of a digital transformation – companies that want to increase efficiency and Excellerate their competitive advantage need to stay up to date on current trends. Smart digital technologies have the potential to change the way work and business occurs, especially the way firms interact with employees as well as customers.

Experts at SoftwareHut, which is part of the TenderHut technology group, have explained to Digital Journal about several key trends that are likely to dominate the software industry in 2023.

Low-Code/No-Code – saving developers time and companies money

The drive for faster deployment of software solutions and reduced costs are increasing willingness to use Low-Code and No-Code platforms among companies. Low-Code platforms are designed for developers who want to save time and reduce the cost of implementing a given project, while No-Code is designed mainly for business users who, thanks to drag-and-drop interfaces, can create solutions that suit the specific needs of a job – i.e. stock market analysists or marketing specialists. According to the latest forecasts from Gartner, the global market for Low-Code technology will reach $26.9 billion in 2023, up 19.6 percent from 2022.

Karol Rogowski, Head of Engineering at SoftwareHut tells Digital Journal: “We are seeing growing interest among our customers in low-code / no-code solutions. Used properly they can bring significant benefits to businesses. We support the companies we work with in selecting solutions that are best tailored to their specific needs. We are also significantly improving our skills in Microsoft Power BI – so that we can better help businesses make decisions based on the data they collect.”

Super apps or multifunctional apps

Another key trend identified by Gartner is related to super-apps, which the company says will be used by more than half the world’s population on a daily basis by 2027. The answer to having a loyal customer is being able to solve as many of that organization/person’s problems as possible, as quickly as possible.

This idea – originally created by developers in Asia – is equally applicable in other parts of the world. Super apps have a single interface that combines elements of different technologies (for example: social network + online shopping platform + mobile payment provider). This way people can pay our bills, shop at a “brick-and-mortar” store, and book hotel accommodations – all in one app.

According to Marcin Bartoszuk, Chief Operating Officer at SoftwareHut: “Most of the currently-available super apps are mobile apps – and this will certainly continue to be the tendency given our lifestyles. It is worth noting, however, that this concept can also be applied to desktop applications such as Microsoft Teams or Slack. The key will still be the same – combining and replacing multiple applications with one – for the benefit of the customer or employee.”

Artificial Intelligence (AI) and Machine Learning (ML)

Use of AI in the business world is increasing. One of its most popular applications is in voice assistants. These bots allow companies to interact with customers “instantly” and also significantly reduce their operating costs. Soon, as the possibilities offered by AI-based and ML-based technologies increase, chatbots will be used in various different and new cases. Grand View Research predicts that by 2030 the global chatbot market will reach $3.99 billion (it was previously valued at $525.7 million in 2021) with an annual growth rate of 25.7 percent.

Piotr Rarus, AI/Python Developer at SoftwareHut states: “Chatbots are used in many different areas of business. They can be integrated into a website, communication platform or mobile application and effectively support customers. They can also streamline a company’s internal processes related to communication and task automation. With the development of machine learning and artificial intelligence they will be used to handle jobs that will be increasingly difficult and help humans more effectively.”

Internet of Things (IoT)

The Internet of Things (IoT) is a very broad term which encompasses all networks of smart devices connected to the Internet. Today we associate it not only with smart watches or refrigerators which do their own shopping but also smart cities. According to Statista, the number of IoT devices worldwide will reach 38.6 billion by 2025. By 2030, on the other hand, it is expected to rise to as much as about 50 billion. McKinsley estimates that the global IoT market will reach $12.5 trillion by 2030.

Rogowski explains that “IoT makes it possible to collect and analyze data in a way that optimizes various processes. Its importance will increase with the growing popularity of Web 3.0 – the next-generation decentralized Internet – which will combine IoT-based and ML-based technologies to provide users with a more personalized experience.”


Finding a way to secure the gigantic amount of data circulating on the Internet is something that keeps many IT professionals – who are aware of the potential dangers related to – up at night. Blockchain, which first became popular as a technology used on the Bitcoin and cryptocurrency markets, is here to help. Data collected in sections (blocks connected in a chain) can be modified or deleted.

Blockchain is secure, easy to access, anonymous and maintains data privacy. It is also transparent and highly efficient. Today, we use it to record information about online transactions, store records, identify luxury goods or verify identities.

Marek Powichrowski – Database Tech Lead – explains: “It’s ability to provide a data history that can’t be tampered with makes Blockchain an ingenious way of recording valuable information that’s simple to implement and can’t currently be broken into. Blockchain can be used in the financial industry, world of scientific research and even to optimize legislative processes. The number of areas where it will be applied is certain to grow and it will surprise us on numerous occasions.”

Computing Power

The new digital age requires gigantic amounts of computing power that will be able to collect and process information more efficiently. The technologies described above won’t develop to their full potential without the right computing power. Having the right computing power isn’t possible without access to the right infrastructure. Moving forward we need to work hard on adapting existing infrastructure to the ever-growing needs of state-of-the-art technology.

Bartoszuk concludes: “More computing power will lead to the development of increasingly advanced software and applications as well as make it possible to process larger amounts of data faster. This, in turn, will drive innovations and open new avenues in areas such as artificial intelligence, machine learning and big data analytics.”

Fri, 17 Feb 2023 08:49:00 -0600 Dr. Tim Sandle en-US text/html https://www.digitaljournal.com/tech-science/tech-trends-seen-through-the-eyes-of-developers/article
Killexams : Making sense of latest developments in the AFP

THE confirmation by Department of National Defense (DND) Secretary Carlito Galvez Jr. in a Senate hearing that there are rumblings in the military vindicated the contents of the eight articles I wrote and published as a series in this column. I had opined that the demoralization and discontent in the Armed Forces of the Philippines (AFP) were triggered by a chain of events.

First, by the enactment of Republic Act (RA) 11709 with two versions of Implementing Rules and Regulations issued by the DND; second, by the removal of Gen. Andres Centino as AFP chief of staff; third, by how the Board of Senior Officers and the Board of Generals used the infirmities of the law to recommend the appointment and promotion of classmates and other senior officers whom the law considers to be of "low potentiality" for general and flag-rank positions; and fourth, by political accommodation. All of these remain virtually unaddressed even with the resignation of DND Officer in Charge Jose Faustino Jr. and the designation of Galvez as secretary. The deluge of promotions and designations to general and flag-rank positions is, if at all, a stop-gap measure, if only to quell restiveness in the ranks.

The first misstep of President Ferdinand "Bongbong" Marcos Jr. was ordering Centino's removal as AFP chief while the latter had more than six months to serve prior to his compulsory retirement date. It created the first ripples of what would become the waves leading to the rumblings that Galvez admitted before the Senate Committee on Defense and Security. This first exercise of the President's prerogative to choose Lt. Gen. Bartolome Bacarro over Centino was ill-thought, albeit incontestable. It was ill-advised as it was ill-timed. Besides being inconsistent with the letter and spirit of RA 11709 that allows "a longer period to implement reforms and institutionalize sound polices" by giving a sitting AFP chief a fixed term of three years, President Marcos installed Bacarro, who is supposed to bow out of the service in a little over a month. Both Centino and Bacarro belong to Philippine Military Academy (PMA) Class of 1988.

The AFP suddenly found itself in a problematic situation because of the replacement of Centino by Bacarro, as their fates hang in the balance. The military has a four-star general stripped of his post and placed on "floating status" and an incumbent three-star chief of staff who will never become a full-fledged general until his predecessor retires six months down the road. Meanwhile, an ambassador's post to India was dangled before Centino by Malacañang to entice him to file for optional retirement, but he refused. Because, among other reasons personal to him, filing for an optional retirement is a voluntary and personal act.

Taking the post will mean retiring early and forfeiting the full benefits due him if he retires on his compulsory retirement age. He thus held on to his rank and continued his military service without any position, duties and responsibilities. After all, retirement is just six months away.

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Then it came to pass. The once unfathomable came true when the President reappointed Centino. The ceremony for this unprecedented event in AFP history was as confined in a private office in Malacañang as it was unknown to both Faustino and Bacarro. The Chief Executive's acceptance of Faustino's irrevocable resignation and the whirlwind appointment and acceptance of Galvez as the new secretary hardly provides a good glimpse of what is to come.

What is in store for Centino? What could have been the deal behind this never-before-experienced phenomenon of reappointment even if he will be 56 year old in 13 days? Could there be more than what meets the eye other than it was meant "to restore seniority" in the AFP? After all, the President had that chance to preserve the status quo when, on July 6, 2022, he declared in a media release that he will retain Centino out of respect for the new law. Could the reappointment of Centino be the President's other way of admitting that he committed a gaffe in appointing Bacarro and this last act of reinstalling Centino in the AFP's top post is his second chance to adhere to the law? I doubt the second reason because it will not solve the problem.

The 'ruling class' syndrome

The problem could not be Bacarro, a Medal of Valor (MoV) awardee with a reputable service record, and thus an epitomé of what an AFP chief should be. His taking over as the top AFP honcho is supposed to be a welcome development because it sends an inspiring message, especially to junior officers, that being a MoV awardee is a premium in the selection for the AFP's highest post. Because, among the few living MoV awardees, Bacarro was the fourth to become the military leader since 1935, when the AFP was founded. Maj. Gen. Paulino Santos, Maj. Gen. Mariano Castañeda and Gen. Cirilito Sobejana were the other three recipients of the MoV who became AFP chiefs. If Bacarro's selection is both an encouragement for company grade officers and a recognition of his heroism, then why the controversy?

Centino's appointment and retirement as AFP chief is governed by Presidential Decree 1638 as amended that pegs compulsory retirement at 56 years old. His successors-apparent belonging to PMA Class of 1989 expect him to retire six months later sans any reason for him to be extended. But as it was and to everyone's surprise, Centino was replaced instead of being allowed to finish his term. And to the chagrin of the aspirants to the top post, Bacarro was installed as his successor. Media reports heralding Bacarro as the first recipient of the fixed three years under the new law added fuel to the blaze. Because if he will be in that post for three years, he will outlast all frontrunners of Class 1989 and his successor will potentially be from the PMA class of 1990 or 1991. Class 1989 will then lose the chance to be the "ruling class." Hence, the stake on Bacarro's short stint. And the reappointment of Centino only delays the assumption of the next ruling class.

Last quarter of 2023

Galvez's appointment, which had been heralded as Defense secretary, turned out to be as senior undersecretary, which was the same position that Faustino resigned from. But while there is no explanation on the sudden change in his appointment, Galvez, to his credit, seems undistracted by it, and his rounds in military camps and his work continue. As a matter of fact, he expressed optimism that the rumblings in the military would be fixed by March this year. He did not say how. His basis is the Commander in Chief's commitment to him that he will sign the promotions and designations of general and flag officers, per the endorsement of Faustino, that remain unsigned, presumably, in the Office of the President. On January 13, four days after Faustino resigned, the Commission of Appointments revealed that it had received a deluge of nominations for confirmation: three three-star, five two-star, and 15 one-star ranks. Also on the same date, the designation of 31 senior officers to positions ranging from one-star to three-star ranks were also signed by the Commander in Chief. The signing of this big number of designations and promotions by the President in just one day is phenomenal. Observers inside and outside the AFP see this as a move to avert the growing restiveness in the military.

But much as I join the jubilation of many who were on the list for CA confirmation and designation to sensitive positions in the AFP, if the real issues remain unsolved and solved correctly, these will all be band-aid solutions.

The provision in RA 11709 that general and flag officers who have been promoted during its effectivity will automatically have a fresh three-year tenure in grade is still there. That section on the removal of the one-year bar on promotion to brigadier general and higher remains in effect. And the provision barring lateral movements among key positions stays. These are but few of the infirmed provisions of RA 11709 bear directly on the career of senior officers which are up to now not properly addressed. While the Senate is hell-bent in correcting the controversial provisions of that law in correcting it, it should not be done in haste like the law itself and House Bill 6517 which is, the amendatory law that was passed by the House of Representatives in a hurry.

The legislators and the country's political leaders should be mindful of the laws they passed and the actions they make on the affairs of the AFP, where positions and ranks were earned through innumerable sacrifices, of sweat and blood. They are not inanimate chess pieces that can be moved by trial and error, because in the military, even seemingly innocuous mistakes can bring colossal repercussions.

Sat, 21 Jan 2023 10:00:00 -0600 en text/html https://www.manilatimes.net/2023/01/22/opinion/columns/making-sense-of-recent-developments-in-the-afp/1875296
Killexams : Koch-backed group AFP ready to back new Republican candidate

Feb 5 (Reuters) - A political advocacy group backed by billionaire businessman Charles Koch is preparing to get involved in the primaries for the 2024 U.S. Presidential elections, saying it wanted to back a candidate who could "lead the country forward", a memo released on Sunday said.

The group, Americans for Prosperity (AFP), has not previously supported candidates in presidential elections but said in the memo the best thing for the country would be to have a president in 2025 who "represents a new chapter."

The memo, addressed to AFP staff and activists by AFP Chief Executive Emily Seidel, and published on the organization's website, did not mention by name current U.S. President Joe Biden or his predecessor Donald Trump but said that to "write a new chapter ... we turn the page on the past."

"Here’s the hard truth as I see it," the memo said. "The Republican Party is nominating bad candidates who are advocating for things that go against core American principles. And the American people are rejecting them.

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"The Democratic Party increasingly sees this as a political opportunity. And they’re responding with more and more extreme policies ... This means the country is in a downward spiral, with both parties reinforcing the bad behavior of the


The group, which has promoted lower taxes, less regulation and free trade, reiterated its presence in key states, saying that "no-one is better positioned to engage and mobilize people across those states."

Former president Trump is so far the only announced Republican candidate, although former South Carolina Governor Nikki Haley is expected to kick off her campaign for the nomination this month.

Reporting by Rahat Sandhu in Bengaluru; Editing by David Holmes

Our Standards: The Thomson Reuters Trust Principles.

Sun, 05 Feb 2023 00:45:00 -0600 Reuters en text/html https://www.reuters.com/world/us/koch-backed-group-afp-ready-back-new-republican-candidate-2023-02-05/
Killexams : AFP names 2 new intelligence chiefs
Michael Punongbayan - The Philippine Star

February 16, 2023 | 12:00am

MANILA, Philippines — The Armed Forces of the Philippines announced yesterday the appointment of two officials for the AFP.

Maj. Gen. Leonel Nicolas was designated chief of the Intelligence Service of the AFP or ISAFP. Nicolas contributed significantly to numerous victories in the military’s internal security operations, according to AFP public affairs office chief Col. Jorry Baclor.

Brig. Gen. Ferdinand Barandon, who was the assistant deputy chief for intelligence, is now the AFP deputy chief of staff in an acting capacity.

Baclor said Barandon has expertise in policy and capability development as well as strategic planning and management.

Nicolas and Barandon assumed their new posts following a turnover ceremony presided over by AFP deputy chief of staff Vice Adm. Rommel Anthony Reyes at Camp Aguinaldo on Monday.

Wed, 15 Feb 2023 22:00:00 -0600 text/html https://www.philstar.com/nation/2023/02/16/2245221/afp-names-2-new-intelligence-chiefs
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