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BSP mulls lower capital for Islamic banks

The central bank is planning to reduce the required capital to set up an Islamic bank or Islamic banking unit (IBU), currently pegged at a minimum P3 billion up to P20 billion depending on the number of branches, to encourage local and foreign banks in the country to go into Islamic finance. Bangko

PEZA begins partnerships with local and foreign banks for credit facilities for ecozone development, facilities, utilities, and supply chain

PEZA Director General Charito “Ching” Plaza. PASAY CITY, Mar. 2 Last Wednesday, the Philippine Economic Zone Authority (PEZA) had its first of its monthly-forum called “Global Biz” for 2021 as part of its PEZA’s 26th Anniversary held on 24 February 2021 at the PEZA Auditorium.  PEZA started the year 2021 with Global Biz that hosted its foreign and local banks such as the Bangko Sentral ng Pilipinas (BSP), Development Bank of the Philippines (DBP), Philippines National Bank (PNB). The said forum also included Japanese banks namely, the Sumitomo Mitsui Banking Corporation, Mizuho Bank, MUFG Bank, and the Singaporean financial institution, the Passion Venture Capital.  

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