Monetary Board Member Peter B. Favila led the awards ceremony and appreciation lunch for stakeholders of the Bangko Sentral ng Pilipinas (BSP) in Region VIII held at the Multi-Purpose Hall, BSP Tacloban Branch, Tacloban City.

RL Appliance, Inc. was chosen as the Outstanding Respondent among Large and Medium Firms while Leyte Home Depot, Inc. was recognized as the Outstanding Respondent among Small Firms for the Business Expectations Survey in Region VIII. The National Economic and Development Authority - Region VIII received the award for Outstanding Partner for the Report on Regional Economic Developments. Meanwhile, the awards on Outstanding Regional Partners in Currency Programs of the BSP were conferred to the following: Bank of the Philippine Islands for Clean Note Policy and Cooperative Development Authority � Regional Office VIII for Demonetization of the New Design Series. Lastly, the award for Outstanding Regional Partner for Implementing BSP Advocacy on the Conduct of Public Information Campaign was awarded to Pantawid Pamilyang Pilipino Program. Each awardee was presented the Dynamic Balance, Philippine Eagle trophy, which was crafted by visual artist and multi-awarded sculptor, Mr. Ferdinand Cacnio.

This event 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 commended during the awards ceremony at the BSP Main Complex, Manila on 11 July 2017. The annual stakeholders' awards in Region VIII is the eight in a series of 12 regional stakeholders' events for this year.

Source: Bangko Sentral ng Pilipinas (BSP)