BSP Governor Amando M. Tetangco, Jr. was conferred the 2016 Outstanding Achievement Award by FinanceAsia a Hong Kong-based publication that covers investment banking, capital markets, and strategic corporate finance in Asia Pacific. FinanceAsia annually recognizes the region's most significant transactions, the financial institutions that advised on them as well as outstanding individuals in the field of finance.

Governor Tetangco was chosen 2016 Outstanding Achievement Awardee for his contributions to Philippine economic development and to the improvement of central banking standards in the region. Recognizing the Governor's excellent stewardship as the "longest serving governor of the BSP," FinanceAsia editor Matthew Thomas stated that as one of the top central bankers in Asia, "Amando Tetangco, Jr.has made a lasting contribution to the development of the Philippines (and) has managed the difficult task of keeping inflation under control at the same time as giving the country room to grow and fulfill its potential."

Under Governor Tetangco, the BSP implemented wide-ranging reforms in the pursuit of its mandate, advocated financial literacy and financial consumer protection contributing to the dynamism and resilience of the Philippine economy, with expected growth between 6.5-7.5 percent this year and inflation to be around the midpoint of the 2-4 percent target range.

Monetary Board Member Atty. Juan de Zuniga, Jr. received the award on behalf of the Governor during the awards dinner at the Grand Hyatt Hong Kong on 16 February 2017.

Source: Bangko Sentral ng Pilipinas (BSP)