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BSP Honors its Stakeholders in Region X and Caraga


Monetary Board Member Felipe M. Medalla led the awards ceremony for stakeholders of the Bangko Sentral ng Pilipinas (BSP) in Region X and Caraga during the annual appreciation lunch held at The Mallberry Suites Business Hotel, Osmeña St., Cagayan De Oro City on 6 September 2016.

Desmark Corporation was chosen as the Outstanding Respondent among Large and Medium Firms while Osamco Manufacturing Corporation was recognized as the Outstanding Respondent among Small Firms for the Business Expectations Survey (BES). The National Economic and Development Authority (NEDA)-Region X and the Philippine Statistics Authority (PSA)-Caraga both obtained the award for Outstanding Partner for the Report on Regional Economic Developments.  Meanwhile, the award for Outstanding Regional Partner for Currency Programs of the BSP for Demonetization of the New Design Series was granted to the Philippine Information Agency-Cagayan de Oro and Radyo Trumpeta Butuan. Lastly, the Overseas Workers Welfare Administration and Caraga Council of Dean and Business Educators Association were individually recognized as the Outstanding Regional Partner in Implementing BSP Advocacy on the Conduct of Public Information Campaigns. Each awardee received the “Dynamic Balance, Philippine Eagle” trophy crafted by visual artist and multi-awarded sculptor, Mr. Ferdinand Cacnio.

The awards ceremony attests to the successful alliances that have helped the BSP maintain price and financial stability and ensure an efficient payments and settlement system. Stakeholders of the BSP in the National Capital Region were earlier recognized during the awards ceremony at the BSP Main Complex, Manila on 13 July 2016. This year’s awards ceremony and appreciation lunch for stakeholders in Region X and CARAGA marks the second time that the BSP has awarded stakeholders in Region X and CARAGA and is the ninth in a series of 12 regional events for this year.

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