DBP bats for changes to its charter amidst expanded role in economic recovery pia.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pia.gov.ph Daily Mail and Mail on Sunday newspapers.
Published February 26, 2021, 9:37 PM
The chairman of the House Committee on Ways and Means on Friday, February 26 assailed the country’s banks for making a big killing by buying P400 billion more stocks and bonds with cheap money but failed to help struggling businesses by lending them enough for their needs.
(Cong. Joey Salceda’s office / FILE PHOTO)
Albay Rep. Joey Sarte Salceda ranted during the Committee on Banks and Financial Intermediaries deliberations on House Bill No. 7863 or the Fair and Inclusive Credit Report Act as he expressed his dismay over the seeming apathy shown by some banks to businesses that suffered setbacks due to the coronavirus disease (COVID-19) pandemic.
Hotel Investment Conference Australia New Zealand (HICAP ANZ) – Hospitality Net hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Reporter
THE HOUSE of Representatives is open to the banking industryâs request for a âsafe harborâ clause in the proposed amendments to the Bank Secrecy Law.
Quirino Rep. Junie E. Cua, chair of the House Committee on Banks and Financial Intermediaries, said the request by the Bankers Association of the Philippines (BAP) is âwell taken,â noting the provision could be included in the bill to ease concerns of the industry.
âThose things will further be clarified in the IRR (implementing rules and regulations). The first safeguard in the bill is that it provides for a thorough study from the Monetary Board, before it approves (the request to open an account),â Mr. Cua told