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BSP Holds 2014 Awards Ceremony and Appreciation Lunch for Stakeholders in La Union


In celebration of its 21st anniversary, the Bangko Sentral Pilipinas will hold the 2014 Awards Ceremony and Appreciation Lunch for BSP Stakeholders in Region I and Cordillera Administrative Region (CAR) that have continuously supported its statistical initiatives, information requirements, and advocacy programs.  The event will be held on Tuesday, 5 August 2014 from 10:00 a.m. to 1:00 p.m. at the Convention Hall, BSP La Union Regional Office, San Fernando City, La Union, with the theme “Forging Stronger Alliances, Propelling Sustainable Growth.” Monetary Board Member Felipe M. Medalla will lead in honoring this year’s awardees and stakeholders.

The BSP will give seven awards for outstanding partners—two for the Business Expectations Survey (BES), one for the Cross Border Transaction Survey, two for information source for the Report on Regional Economic Developments, one for the Local Government Unit (LGU) supporting the Credit Surety Fund (CSF) and one for the Currency Programs of the BSP.

The Outstanding Respondent among Large and Medium Firms and the Outstanding Respondent among Small Firms will be conferred to the BES respondents that have participated regularly in the survey by providing timely, complete, accurate and consistent responses.  The awardees were selected from among the country’s top corporations in Region I. The Outstanding Respondent for Inter-Company Accounts was selected from the respondents of the CBTS based on their timeliness of submission, internal consistency, accuracy and completeness of details provided in all of the monthly surveys conducted in 2013. The Outstanding Partners for the Report on Regional Economic Developments will be awarded to the agencies or institutions that provided the BSP with information support for an effective environment scan of Region l and CAR. The Outstanding LGU supporting the CSF will be granted to the LGU that promoted the CSF and helped in the advancement of micro, small and medium enterprises (MSMes) under its jurisdiction. Meanwhile, the Outstanding Regional Partner in Currency Programs will be given to the agency or institution that supported the BSP’s currency programs and advocacies in the region such as the clean note policy and coin recirculation.

This occasion is the third leg of the BSP’s regional stakeholders’ events which will be held from July to September 2014 in 11 areas outside the National Capital Region (AONCR) to honor stakeholders in various award categories.  Stakeholders of the BSP in the National Capital Region were earlier recognized during the awards ceremony held last 9 July 2014 at the BSP Main Office.
This event is expected to further strengthen the partnerships between the BSP and its stakeholders, resulting in more efficient and effective means of information gathering and conduct of advocacy campaigns to achieve the BSP’s ultimate goal of safeguarding price stability and promoting a healthy financial system as well as ensuring an effective payments and settlements system in the country.

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