PSA NSCB-CARThe Bangko Sentral ng Pilipinas (BSP) recently recognized the Philippine Statistics Authority-National Statistical Coordination Board in the Cordillera Administrative Region (PSA NSCB-CAR) as one of its two outstanding stakeholders in CAR for the year 2014.  The PSA NSCB-CAR was chosen outstanding partner as source of information for the Report on Regional Economic Developments. This is the second time that the office has received such award from the BSP.

The  award  recognizes  institutions  and  agencies  for  consistently providing  vital  information  to  the  BSP  that  are  necessary  in  the annual publication  of  the  Report  on  Regional  Economic  Developments  in  the Philippines  (REDP).

Mr. Benjamin Y. Navarro,  Regional  Head  of  PSA NSCB-CAR,  and  his  staff received  the  trophy  of  recognition  from  BSP  Monetary  Board  Member Felipe  M.  Medalla,  Assistant  Governor  Ma. Cyd N. Tuaño-Amador  and Acting  Director  Tomas J. Cariño, Jr.  of  the  La  Union  Regional  Office (LURO)  during  the  2014  Awards  Ceremony  and  Appreciation  Lunch  for Region  I  and  CAR  held  on  August 5, 2014  at  the  Convention  Hall, BSP-LURO  in  San  Fernando  City.

The criteria for the selection of the awardee for the Source of Information Category were the following: track record of cooperation (25%), relevance of responses (25%), completeness (25%), and timeliness of data provision (25%).  This year’s other awardee in CAR was Texas Instruments (Philippines) Inc. for Outstanding Respondent for Inter-Company Accounts.

During this annual event, BSP extends formal recognition of the significant support and contributions of its partners and stakeholders.



by Benjamin Y. Navarro, NSCB-CAR