Thank you for inviting me to discuss latest economic developments and outlook in this forum aptly titled, “Looking beyond the pandemic endgame.” Today, I will cover the following: (i) first, update on the Philippines’ recent economic performance; (ii) second, the BSP’s support to the economy to ensure strong and sustainable economic recovery; and (iii) third, economic outlook.
The new bank licensing under the current guidelines will have implications for the Promoters in particular, who get the licence, for the banking industry in general, for the economy, for the common man, and also for the Reserve Bank, as regulator and supervisor for the banks. I will discuss these implications one by one. Implications for the promoter 34.