MANILA, Philippines - In his speech BSP Governor Amando M. Tetangco Jr., said: The Bangko Sentral ng Pilipinas and its Monetary Board welcome all of you to this traditional annual reception for the banking community. This annual ritual provides us the opportunity to come together to review the past and to share our roadmap moving forward. As the economist Adam Smith once said, and I quote: “civilized society stands at all times in need of the cooperation and assistance of great multitudes.â€
It is our hope therefore that the same spirit of cooperation and collaboration will characterize our pursuit of continuing reforms in 2013 and the years ahead.
And now, let us offer a toast… to all of us coming together… for an even stronger, more responsive, more inclusive, and more successful Philippine banking system… that will underpin a strong and vibrant Philippine economy that will bring prosperity and a better quality of life to our country and our people. Cheers!