Monetary Board Member Felipe M. Medalla led the awards ceremony for BSP stakeholders in Region V during the annual appreciation lunch at the BSP Legazpi Branch, Legazpi City on 14 August 2012.
Peñafrancia Sugar Mill, Inc. was chosen as the Outstanding Respondent among Large and Medium Firms for the Business Expectations Survey (BES). Headed by its President, Atty. William Enrile, this sugar mill company started its operations in 1992.
Globe Coco Products Manufacturing Corporation was also recognized as the Outstanding Respondent among Small Firms in the region. Established in 1996, the company is engaged in the manufacturing of crude coconut oil and its by-product, copra cake. Mr. Sio Tiat King is the President and CEO of the company.
Also awarded the Recognition for Information Sources for the Report on Regional Economic Developments is the Department of Agriculture-Regional Field Unit No. 5 in Camarines Sur. Regional Executive Director Jose V. Dayao heads the said unit.
This annual event is one way by which the BSP gives recognition to BES respondents as well as to public and private institutions that have provided exemplary support to the BSP’s various statistical initiatives, information requirements and advocacy programs. Stakeholders of the BSP in the National Capital Region were earlier recognized during the awards ceremony at the BSP Main Office on 4 July 2012. The event in Region V, which the BSP has been holding since 2010, is the fifth among the regional events for this year. Similar events will be held in the remaining four areas outside the National Capital Region until September 2012.