In celebration of its 21st anniversary, the Bangko Sentral Pilipinas will hold the 2014 Awards Ceremony and Appreciation Lunch for BSP Stakeholders in Region VII that have continuously supported its statistical initiatives, information requirements, and advocacy programs. The event will be held on Friday, 15 August 2014 from 10:00 a.m. to 1:00 p.m. at the Banking Hall, BSP Cebu Regional Office, Osmeña Blvd., Cebu City 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 five awards for outstanding partners—two for the Business Expectations Survey (BES), one for information source for the Report on Regional Economic Developments, one for advocacy support for the Outstanding 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 VII. The Outstanding Partner for the Report on Regional Economic Developments will be awarded to the agency or institution that provided the BSP with information support for an effective environment scan of Region VII. The Outstanding Credit Surety Fund will be given to the established CSF to recognize its contribution in promoting an environment conducive towards growth and sustainable development of micro, small and medium enterprises (MSME) through collateral-free credit access to financial institutions. 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 fifth 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.