C07230-2018

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Oct 29, 2018
2. SEC Identification Number
A200110402
3. BIR Tax Identification No.
213-054-503
4. Exact name of issuer as specified in its charter
SBS PHILIPPINES CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105
8. Issuer's telephone number, including area code
(02) 371-1111
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 1,549,999,999
11. Indicate the item numbers reported herein
Item 4. Resignation, Removal or Election of Registrant's Directors or Officers

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

SBS Philippines CorporationSBS

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Change in Officers.
Background/Description of the Disclosure

Changes in Officer Appointments due to Resignation.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
Emerson Paulino Internal Auditor 10/29/2018 Moved to new assignment within the Company
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Maria Gemma Bien Internal Auditor 10/29/2018 10/29/2018 0 0 N/A
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
N/A N/A N/A N/A N/A 0 0 N/A
Other Relevant Information

Please be informed that Mr. Emerson Paulino resigned as the SBS Philippines Corporation’s (the “Company”) Internal Auditor. In view of such resignation, Ms. Maria Gemma Bien was appointed as the Company’s Internal Auditor.



In compliance with the provision of SRC Rule 17.1(iii), pursuant to Item 4 of SEC Form 17-C which provides that:

(i) If a director or officer who has died, resigned, or been removed has been replaced by the issuer or elected at any meeting of the shareholders, it shall state the name of the appointee or electee, the office to be held by such person, the date of such appointment or election including the qualification and business experience for the last five years of such person.”

Below is the educational achievement and business experience of the newly appointed internal auditor:



Ms. Maria Gemma Bien manages the operations and business development activities of GRP Compliance and Advisory Services Inc. (“GRP”), a finance and accounting business processing outsourcing company that offers value-added services such as but not limited to management and financial advisory, statutory compliance and tax advisory and internal audit outsourcing. Prior to setting up GRP in August 2016, she was engaged in the practice of providing financial advisory services to corporate and individual clients from 2009 as freelance consultant, levereging on her ten (10) years extensive experience in Financial Advisory works as Senior Manager from 1997 to 2008 in Manabat Sanagustin and Co. (LM & Co.), an affiliate member firm of KPMG. While at KPMG Philippines, Ms. Bien successfully completed about 60 projects. This provided her opportunities working with professionals having diverse background and culture, as well as managing complex projects. Before joining KPMG, she gained seven (7) years work experience in the field of accountancy and finance from 1990 to 1997 as: i) an accountant in a real estate company; ii) a treasury assistant in a chemical manufacturing company and in a cement company; and iii) an investment analyst and technical assistant in a stock brokerage firm.



Earlier this year, Ms. Bien attended a training in COSO Internal Control: Trends and Best Practices at the University of Asia and the Pacific.



Ms. Bien obtained her Master of Business Administration (MBA) in De la Salle University, Taft Avenue, Manila in 1995. She completed her Bachelor of Science in Commerce Major in Accounting from the University of Sto. Tomas, España Manila in 1988 and became as Certified Public Accountant on 1990.
Filed on behalf by:
Name JOSE FIDEL ACUNA
Designation CORPORATE INFORMATION OFFICER