* * * Undersecretary, National Statistician and Civil Registrar General Claire Dennis S. Mapa; fellow civil servants from the Philippine Statistics Authority and Monetary Board Members, Deputy Governors and colleagues from the Bangko Sentral ng Pilipinas; distinguished guests, ladies and gentlemen, good afternoon.
The BSP is honored to sign the memorandum of agreement with PSA that starts the implementation of the “Philippine Identification System (PhilSys) Act.” As you know, this is thirty years in the making. The law is universally-beneficial for Filipinos as it provides “a means of simplifying public and private transactions” through a reliable and nationally-accepted proof of identity.