In celebration of its 21st anniversary, the Bangko Sentral ng Pilipinas conducted the 2014 Awards Ceremony and Appreciation Lunch for BSP Stakeholders in Region II on 15 July 2014 from 10:00 a.m. to 1:00 p.m. at the Crown Pavilion, Tuguegarao City. The theme for this year’s event is “Forging Stronger Alliances, Propelling Sustainable Growth.” Monetary Board Member Armando L. Suratos led the honoring of this year’s awardees and stakeholders.
The BSP gave three awards for outstanding partners—two for the Business Expectations Survey (BES), and one for information source for the Report on Regional Economic Developments.
The Outstanding Respondent among Large and Medium Firms and the Outstanding Respondent among Small Firms were conferred to the BES respondents that have participated regularly to the survey for four quarters in 2013 with timely, complete, accurate and consistent responses. The awardees were selected from among the country’s top corporations in Region II. Meanwhile, the Outstanding Partner for the Report on Regional Economic Developments was given to the agency or institution that provided the BSP with information support to have an effective scan of the environment in the region.
ACT (Machineries and Metal Craft) Corp. was chosen as the Outstanding Respondent among Large and Medium Firms for the Business Expectations Survey (BES) in Region II. The company is engaged in producing agricultural machinery and equipment.
Paragon Lube Sales Inc. was recognized as the Outstanding Respondent among Small Firms for the BES in Region II. Established in 1975, the company is engaged in the distribution of Caltex lubricant products.
Awarded the Outstanding Partner for the Report on Regional Economic Developments was the Philippine Statistics Authority (PSA) - National Statistics Office (NSO) in Region II.
Through this annual event, the BSP gives recognition to BES respondents as well as to public and private institutions that have provided strong support and contribution to the BSP’s various statistical undertakings, information requirements, and advocacy programs. The event attests to the successful alliances that have helped the BSP in maintaining price stability and promoting financial stability as well as ensuring an effective payments and settlements system in the country. Stakeholders of the BSP in the National Capital Region were earlier recognized during the awards ceremony at the BSP Main Office on 9 July 2014. This year’s stakeholders’ awards in Tuguegarao City marks the first time that the BSP held its annual stakeholder’s awards in Region II and is the first in a series of 11 regional events for this year.