The Bangko Sentral ng Pilipinas (BSP) called for the increased adoption of granular statistical data to direct national policy decisions and support key domestic sectors, closing out the 37th National Statistics Month on Oct. 28.
Central bank officials said accurate and timely metrics remain essential for assessing economic conditions and allocating resources effectively, particularly as the government works to expand sectors such as tourism and local enterprise. The closing ceremony, held at the BSP head office in Manila, centered on the theme “Tuklas Pilipinas: Statistics as Beacon Towards Inclusive, Resilient, and Sustainable Tourism.”
“Timely, detailed, and credible data strengthen industry growth and the economy. They tell us where we are now and where we could be heading,” BSP Assistant Governor Rogelio V. Mercado Jr. of the Monetary Policy Sub-Sector said during the ceremony. (Read More: BSP and BMAP Launch Scam Ready ASEAN Initiative and ScamCheck.ph Verification Tool in the Philippines)
Mercado added that the central bank relies on statistics to craft monetary policies that foster sustainable economic development across multiple industries.
Officials from the Philippine Statistics Authority, including Assistant Secretary Rosalinda P. Bautista, joined BSP Department of Economic Statistics Officer-in-Charge Haydee R. Paulino and La Union Governor Mario Eduardo C. Ortega at the event. During the ceremony, the PSA presented awards to government bodies, private institutions and academic partners for contributions to national statistical development. (Read More: BSP Imposes ₱1B Capital Requirement on Local Banks Operating Digital Models)
The BSP has collaborated with the PSA on National Statistics Month initiatives since 2001 to improve the accessibility and reliability of public economic figures. Presidential Proclamation No. 647, signed on Sept. 20, 1990, mandates the nationwide observance of the event every October.
This article is published on BitPinas: BSP Pushes Sector-Specific Data and Statistics to Drive Philippine Industry Growth
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