Thank you for inviting me to be your guest speaker and inducting officer for the 73rd Inaugural Meeting of the Management Association of the Philippines. Let me congratulate the 2022 MAP Board of Governors, led by Mr. Alfredo E. Pascual. Thank you for accepting the duties and responsibilities of leading this important organization.
Since its inception in 1950, MAP has promoted management excellence for nation-building, and I laud MAP for delivering on this critical mission during this difficult time and supporting efforts toward economic recovery and sustainability. Let me begin with the economic outlook. Amid the health crisis, we have begun to see the dawn of recovery. Bright spots have emerged.