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BSP Forum on External Competitiveness

05.11.2010

Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo and Assistant Governor Cyd Tuano-Amador (center) led the discussions on “Gearing Up for External Competitiveness” with the business sector, the banking community, the academe, multilateral institutions, and government agencies. Speakers included IMF Resident Representative to the Philippines Dennis Botman (left) and  Lazaro Bernardo Tui and Associates President Romeo Bernardo (right). Other resource speakers were BSP Deputy Director Annalisa Tan-Cimafranca; Security Bank Corp. Division Head for FX Sales and Hedging and Financial Solutions Raul Victor De Guzman; and HSBC Senior Vice President Rolando Bautista Jr. Topics covered were managing foreign exchange risk thru hedging; what it takes to be a competitive Filipino exporter; ground rules on hedging; to hedge or not to hedge; what determines external competitiveness; and the competitive landscape: what we are up against. Similar conferences will be held in Pampanga, Cebu and Davao.

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