Bangko sentral ng pilipinas

The BSP is the central bank of the philippines

Founded in 1949 , in 1993 it is reorganized

The BSP is the supervisor of all banks ,

BSP is the only agency can issue banknotes and coins

It is the bank of banks , provides loans and assistance to other banks if necessary

BSP Pillars (main areas)

1. Price stability
2. Financial stability
3. Efficient payments and settlements system

The BSP is headed by BSP governor the governor chairs the monetary board

6 other member of the board

5 from other sector and 1 from the cabinet

3 deputy governors

1. Monetary stability sector

2. Supervision and examination sector
3. Resource management sector

3 regional offices

1. La union
2. Cebu city
3. Davao city

4 different forms of business organization

1. Sole proprietorship - only one owner

Advantages

1. Easy to form
2. Effort reward relationship
3. Full control
 4. Quick decision
5. Economical and efficient operations
6. Personal touch
7. Keep the business simple, dynamic and flexible

Disadvantages

1. Small size
2. Limited life
3. Lacks professional skills and talent
4. Unlimited liability
5. Growth prospects
6. Limitation of capital
7. Risk of wrong decision
2. Partnership – by the contract or partnership two or more people bind themselves to contribute
money,property,or industry to a common fund and divide profits among themselves.

Advantages
1. Bridging the gap in expertise and knowledge
2. More cash
3. More business opportunities
4. Moral support
5. New perspective

Disadvantages
1. Loss of autonomy
2. Emotional issues
3. Future selling complications
4. Unlimited liability
3. Corporation – is an artificial being created by operation of law having the right of succession and
the powers, attributes and properties expressly authorized by law.

Advantages
1. Limited liability
2. Source of capital
3. Ownership transfers

Disadvantages

1. Double taxation
2. Independent management
3. Forming a corporation costs more
4. Cooperatives- are people-centered enterprises owned controlled and run by and for their
members to realize their common economic, social, and cultural needs and aspirations.

Advantages
1. Lower costs
2. Further marketing reach
3. Democratic organization

Disadvantages

1. Big investors don’t get much attracted

2. Lack of membership and participations