Editorial: Bangko Sentral ng Pilipinas 2013 Best Macroeconomic Regulator in Asia-Pacific

The Bangko Sentral ng Pilipinas (BSP) has been chosen as the 2013 Best Macroeconomic Regulator in the Asia-Pacific Region by The Asian Banker, one of Asia's leading regional consultancies in financial services research, benchmarking, and intelligence.

The award was given during The Asian Banker Leadership Achievement Awards in Jakarta, Indonesia, on April 23, 2013, held in conjunction with The Asian Banker Summit, the largest annual meeting of professionals in Asia-Pacific's financial services industry. The Asian Banker cited the BSP as a "good, strong, and fair-minded regulator" that plays a part in the development of a robust and sustainable financial services industry.

Over the past four years, the BSP has been able to keep inflation in check, with last year's 3.2% well within the 3.5% goal. As of February, 2013, consumer price adjustments were manageable at 3.2%. Macro-prudential measures instituted by the BSP in the past year were able to temper the threat of inflows into the country and excessive peso appreciation.

Established in 2001, the Asian Banker Leadership Achievement Awards are widely acknowledged by the financial services industry as the highest recognition available to industry professionals in the region. Founded in Singapore in 1966, The Asian Banker provides information for the financial services industry in the form of publications, online materials such as e-newsletters, research, and conventions, and other industry gatherings.

The Manila Bulletin, led by its Chairman of the Board of Directors Dr. Emilio T. Yap, President and Publisher Atty. Hermogenes P. Pobre, Executive Vice President Dr. Emilio C. Yap III, Editor-in-Chief Dr. Cris J. Icban Jr., Business Editor Loreto D. Cabañes, Officers and Employees, congratulate the Bangko Sentral ng Pilipinas of the Republic of the Philippines, headed by Governor Amando M. Tetangco, other Officers and Personnel, for having received the accolade as the 2013 Best Macroeconomic Regulator in the Asia-Pacific Region. We wish them all the best in all their endeavors. CONGRATULATIONS AND MABUHAY!