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Business groups back bill seeking to amend bank secrecy law

Push for lifting of bank secrecy law intensifies

Banks and businesses have renewed calls for Congress to pass the bill amending Republic Act No. 1405 or the Secrecy of Bank Deposits for a more relaxed version of the law to allow the Bangko Sentral ng Pilipinas (BSP) to look into and investigate the bank accounts of suspicious individuals, especial

Clamor for immediate passage of CREATE bill

Published January 16, 2021, 7:00 AM Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact. “We, members of some of the largest and most widely-represented private sector groups in the country, reiterate our strongest and unequivocal support for the immediate enactment of the CREATE Bill,” stated the joint statement. Congress has been deliberating the CREATE Bill for three years already, but both Houses have a hard time reconciling their versions. 

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