II.
Honrable Members of the Monetary Board; fellow bankers; business leaders of Mindanao as represented by the Chamber of Commerce and Industry, the Small and Medium Enterprise Development Council and Micro-finance Council; special guests; government officials who are here today, Mayor Lobrigat; my colleagues at the Bangko Sentral ng Pilipinas; friends; Ladies and Gentlemen – I am very pleased to lead the launching here today of the BSP’s Electronic or e-Rediscounting System.