BSP honors BPAP with Hall of Fame award

(Manila, Philippines, September 5, 2012) —The Bangko Sentral ng Pilipinas (BSP) honored the Business Processing Association of the Philippines (BPAP) with the Hall of Fame award for Sources of Information for Balance of Payments Projections (Private Sector) in its annual awards ceremony. BPAP was elevated to the hall of fame for receiving this award three consecutive years from 2010 to 2012.

BPAP senior executive director Gillian Joyce Virata received the awards in a ceremony led by BSP Governor Amando Tetangco, Jr. and the members of the Monetary Board at the BSP Assembly Hall. “We thank the BSP for recognizing the importance and effort that our members and partner associations put into the generation of industry data,” said Virata. “Our research teams appreciate that the information we generate is put to good use by the BSP and other government agencies for making policies responsive to the needs of national growth and development.”

Virata’s work extends from overseeing day-to-day operations of the association to the marketing and research service lines. She has implemented an efficient process of information dissemination for news and updates about BPAP on multiple communications platforms.

The IT-BPO industry makes an increasingly substantial contribution to the economy, according to the BSP. Given BPAP’s medium-term growth forecast of US$25 billion in industry revenues by 2016, the BSP said in a report that the surplus in the country’s current services account is expected to increase to US$3.8 billion next year from an estimated US$2.8 billion in 2011.

The annual BSP Stakeholders’ Awards recognizes partner institutions that have provided exemplary support to the BSP’s various statistical initiatives, information requirements, and advocacy programs. This year, BPAP was among three institutions in the National Capital Region (NCR) to be inducted into the BSP Hall of Fame. BPAP member PCCW Teleservices was also awarded by the BSP as best respondent for the bank’s Survey of Information and Technology?BPO Services. Hamlin-Iturralde, another BPAP member, was one of three finalists for the same award. A total of 67 awards will be given to partner institutions in and outside NCR through September 2012.

About BPAP
The Business Processing Association of the Philippines (BPAP) is the umbrella association for the IT-BPO and GIC (Global In-House Center) industry in the Philippines. BPAP serves as the one-stop information and advocacy gateway for the industry. With approximately 300 industry and support-industry members, including five associations, BPAP plays a pivotal role in sustaining rapid growth of the IT-BPO and GIC industry by working to ensure an enduring supply of high quality labor, supporting service innovation, and providing country visibility.

BPAP assists investors in setting up operations easily and quickly in the Philippines. Relevant research, introductions to key government and industry officials, and a series of briefings at each step of the investment process ensure a seamless development process. On-going support is provided through a wide variety of initiatives, including programs for HR development, business development, and on-going knowledge sharing and networking opportunities.