However, maximizing the impact of the BSP’s policies on the lives of Filipinos entails that we tackle the inclusive growth advocacy directly. I am heartened by the thought that the recent Banking Sector Outlook Survey showed that most thrift banks believe that business growth may be maintained by developing new capabilities and by expanding market reach, digitally or through new products and services.
Indeed, the recent change that allows for submission of applications electronically means that we can now receive entries from across the diaspora. We've already seen that taking place, and it is worth noting that last year's top entrant is based overseas. This year, we again received several foreign-based entries.