Central Bank to recognize Central Visayas stakeholders

CEBU, Philippines – The Bangko Sentral ng Pilipinas (BSP) will recognize on Tuesday its Central Visayas stakeholders that have supported its statistical initiatives, information requirements and advocacy programs.

The BSP said Monetary Board Member Armando Suratos will lead in honoring the 2015 awardees and stakeholders in Region 7 at its Cebu regional office.

"The BSP will give four awards for outstanding partners -- two for the Business Expectations Survey (BES), one for Source of Information for the Report on Regional Economic Developments and one for advocacy support for the Outstanding Credit Surety Fund (CSF)," the central bank said in a statement.

The outstanding CSF award will be given to recognize its contribution in promoting the growth of micro, small and medium enterprises (MSMEs) through collateral-free credit access to financial firms.

The outstanding source for its report on regional economic developments will be awarded to institutions that gave the BSP with information support on Region 7's economic situation.

While the outstanding BES respondents will be conferred to firms that have participated regularly in its survey by giving timely, accurate and consistent responses.

This event is the fifth leg of BSP's regional stakeholders' events which will be held from July to September this year in 12 areas outside the National Capital Region.

The BSP seeks to strengthen its partnership with its stakeholders as it aims to have a more efficient means of information gathering.