*** Good morning everyone - it is a pleasure to welcome you to the Central Bank's seminar on the Sustainable Finance Disclosures Regulation (SFDR) for the asset management sector. As you may know, the Central Bank recently hosted our first Financial System Conference and it won't surprise you that sustainable finance issues were high on the agenda.
Private consumption has remained buoyant, inflation has been kept within target, current account surpluses have been sustained and the banking system has stayed sound. Against this backdrop, the IMF, the World Bank and the ADB have all projected strong GDP growth for 2015 and 2016 for the Philippines.