Some firms with useful technology and expertise find it difficult to improve their business performance because of the large financial legacy from the past. Often these firms, in collaboration with financial institutions, can solve their problem by boldly eliminating unprofitable businesses and concentrating their managerial resources on core businesses.
Nestor A Espenilla, Jr: Beginning a meaningful conversation - first coordination dialogue on developing the local debt market Speech by Mr Nestor A Espenilla, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Local Debt Market Development Workshop, Manila, 25 August 2017.