Monetary Board Member Felipe M. Medalla led the awards ceremony for stakeholders of the Bangko Sentral ng Pilipinas (BSP) in Region VII during the annual appreciation lunch held at the Banking Hall, BSP Cebu Regional Office, Osmeña Blvd., Cebu City on 15 August 2014.
All Fresh Food Products, Inc. was chosen as the Outstanding Respondent among Large and Medium Firms for the Business Expectations Survey (BES) in Region VII. The company is engaged in the manufacturing of dairy products.
Paul-Yu Philippines Corporation was also recognized as the Outstanding Respondent among Small Firms in Region VII. The company is engaged in the distribution of decorative home lighting and furniture.
The Outstanding Partner for the Report on Regional Economic Developments was awarded to the National Economic Development Authority (NEDA), Cebu City. Awarded the Outstanding Credit Surety Fund is the Metro Cebu Credit Surety Fund. Meanwhile, the Bank of the Philippine Islands (BPI), Cebu branch received the award for Outstanding Regional Partner in Currency Programs of the BSP.
Through this annual event, the BSP gives recognition to BES respondents as well as to public and private institutions that have provided strong support for the BSP’s various statistical undertakings, information requirements, and advocacy programs. The event attests to the successful alliances that have helped the BSP maintain price and financial stability and ensure an effective payments and settlements system. 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 Region VII marks the 11th time that the BSP has held its annual stakeholder’s awards in Region VII and is the fifth in a series of 11 regional events for this year.