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BSP Conferences on “Gearing Up for External Competitiveness”

05.05.2010

The Bangko Sentral ng Pilipinas (BSP) announced today that it will be hosting a series of conferences on “Gearing Up for External Competitiveness.” The first of these series of conferences will take place on 7 May 2010 at the BSP Assembly Hall in Manila.

These events, which form part of the BSP’s advocacy to promote greater public awareness on economic and financial matters, will provide an opportunity for participants from the business sector, academe, and the government to discuss issues that impact on the country’s external competitiveness. In particular, these conferences aim to: 1) raise the awareness of exporters, importers, organizations of Overseas Filipinos (OFs), business process outsourcing firms (BPOs), and other entities with foreign exchange dealings and obligations, on the various ways to manage their foreign exchange risks, and 2) highlight the factors that impact on the country’s external competitiveness.

The conferences will cover recent economic and financial developments in the Philippines, as well as an overview of the country’s competitiveness landscape; selected country experiences on the determinants of external competitiveness; the strategies for managing foreign exchange risks; BSP regulations on hedging; and measures and reforms to enhance the competitiveness of Filipino exporters.

Resource persons for the conferences come from the academe, multilateral organizations, the financial sector and government agencies including the BSP. Participation in these conferences, which will also be held in Pampanga, Cebu and Davao, will be by invitation.

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