The BSP continues to look forward to your support in helping to channel these resources to funds that will support economic development. I also welcome from you initiatives that would enhance and promote professional standards of fund management in ensuring that the funds are managed in accordance with the tenets of fairness, accountability and transparency.
As fund managers, you play a significant role in the development of the domestic capital market. I have been requested to share with you today our macroeconomic outlook for 2008.