Published July 19, 2021, 2:46 PM
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services.
In a statement the business group said that the intricate development of financial products and services resulting from advancements in technology has opened countless opportunities for financial markets and consumers alike. It also poses new risks, particularly to financial consumers.
“Reality has shown how financial products, including financial services accessed through digital channels, are susceptible to fraud or used for fraudulent purposes,” according to a statement.
The country’s largest business groups have called for a review on two provisions – reciprocity clause and investments by foreign- state owned enterprises under the proposed Senate Bill 2094, which seeks to open the public services sector of the domestic economy to majority foreign equity ownersh
PSE asked to report on SME participation in stock market bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Business groups urge Congress for swift PSA passage mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
CALOOCAN CITY, Feb. 9 (PIA) State-run Land Bank of the Philippines (LandBank) was recognized twice in the 5th Investment House Association of the Philippines (IHAP) Awards.
The Bank received the Best Fixed Income Deal (Small-Mid Cap) Award for the BALAI (Building Adequate Livable Affordable and Inclusive Filipino Communities) Bonds 1 issuance, and the Best Project Finance Deal Award (Large Cap) for its role in Atlantic Aurum Investments Philippines Corporation’s (AAIPC) Syndicated Corporate Notes Facility.
LandBank, through its Investment Banking Group (IBG), acted as the Sole Arranger and Underwriter for the National Home Mortgage Finance Corporation’s (NHMFC) P270.25 million BALAI Bonds 1 issued last December 2019.