The Phil Govt Economic Team composed of the heads and representatives of the BSP, DOF, NEDA, DBM, DA, DoE and the DTI will go on a domestic Road Show. This roadshow will allow the economic agencies and the BSP to convey their respective plans for the remaining 6 months of the Arroyo administration. They will give the business community a clearer picture of what to expect from the Economic Team in the coming months.

For the areas in Luzon, this will include the reconstruction efforts to be outlined by the DOF Secretary, who leads the Reconstruction Commission. This briefing would help the business sector, especially those outside Metro Manila, as they will be able to interact with the Economic Team directly.

For the first Briefing in Dagupan on Thursday next week, Secretary Teves and DBM USec Pascua have confirmed.

The Final roadshow schedule is as follows:

Place Date

Lenox Hotel, Dagupan 10AM to 12NN, December 3, 2009, Thursday

Baguio Country Club, Baguio 10AM to 12NN, December 4, 2009, Friday

Splash Mountain, Los Baños, Laguna 10AM to 12NN, December 7, 2009, Monday

Fort Ilocandia, Laoag10AM to 12NN, December 10, 2009, Thursday

Holiday Inn, Clark10AM to 12NN, December 14, 2009, Monday

Marco Polo Hotel, Cebu10AM to 12NN, December 16, 2009 Wednesday

Marco Polo Hotel, Davao2PM to 4PM, December 17, 2009 Thursday

For the Luzon Briefings, the focus will be on the government's plan to rebuild and rehabilitate areas affected by the recent typhoons. In particular, it will serve as venue for a dialogue between the business community, key local government officials and members of the economic team and the Bangko Sentral ng Pilipinas.

For those who want to attend, please contact Mel Calumpang or Reggie So at info-iro@bsp.gov.ph or call (02) 523 7792 or (02) 303 1582.

This Roadshow is organized by the Investment Relations Office (IRO).

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Background of IRO:

The IRO provides services to a wide range of stakeholders – the Government’s economic agencies, financial institutions, credit rating agencies, *****eral and multilateral organizations, domestic and foreign investors, the diplomatic corps, business people, the media and the general public. All services to its stakeholders are underpinned by a set of fundamental principles: transparency, accessibility, timeliness, consistency and feedback.

The IRO adopts a multi-pronged approach to serving its stakeholders through:
• Dissemination of key economic and financial information about economic policy objectives and performance
• Seeking market feedback on current and proposed policy measures
• Providing feedback to economic policy-makers about investor sentiment
• Facilitating dialogue between policy-makers and investors

The IRO undertakes a range of initiatives to build awareness amongst domestic and international investment audiences around the Government’s economic reform program, promote specific investment opportunities in the Philippines and facilitate information exchange and dialogue between key economic policy decision-makers of the Republic and domestic/international investors. Some of these initiatives include:
• Regular Economic Briefings to update the business community, media and industry organizations on the country’s economic performance
• Investor Roadshows to bring the Republic’s economic performance record to the international financial community
• Media Briefings to raise awareness of the Government’s progress in economic reforms and plans
• Government Policy Roadshows to increase the business community’s understanding of government policy measures to generate support for the policy implementation process
• Investor Teleconferences to provide timely updates on key economic performance indicators

The effective implementation of the Government’s economic program and its success depends on regular two-way dialogue between economic policy makers and the investment community.

The IRO was established in July 2001 to strengthen the country’s relations with investors and other stakeholders by promoting active channels of information flow and dialogue between economic policy makers and investors. Based in the Philippine Central Bank, the Bangko Sentral ng Pilipinas (BSP), the IRO has a dedicated staff composed of trained economists and communication specialists who work with their counterparts in the BSP and the economic agencies to implement a wide-ranging program of investor relations activities.

CONTACT: Claro Fernandez
Investor Relations Office
Bangko Sentral ng Pilipinas
Room 410 5 Storey Building
A. Mabini St. cor. P. Ocampo St.Malate, Manila
Email – fernandezcp@bsp.gov.ph
Tel - (632) 523 7792