(See the appendix for further details.) Relatedly, research also suggests that cyclical changes in the composition of the workforce associated with the absorption of new workers with relatively low skills and experience may be currently restraining growth in both aggregate wages and productivity.
This year however, is more special: this month – July 3 to be exact – we commemorated the 20th anniversary of the Bangko Sentral ng Pilipinas. And today, we mark the 10th year of our Stakeholders Awards, the annual celebration of our fruitful partnership and collaboration. Ladies and gentlemen.