Almost 90 percent of cities and municipalities in the country have been reached by financial services as of last year, the central bank said, citing its progress in financial inclusion. “We are proud to say that by the end of 2016, close to 90...
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More Filipino households are able to save money, but how much is being put aside as contingent funds or even for future businesses and retirement varies depending on income. Based on the Bangko Sentral ng Pilipinas’ (BSP) first quarter Consumer...
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The Bangko Sentral ng Pilipinas (BSP) required its supervised financial institutions to find a balance between their anti-money laundering and anti-terrorist financing regulations and the promotion of financial inclusion in the country, which an...
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There is now a legislative proposal recognizing lender participation in a public-private partnership (PPP) project as alternative compliance to the oft-ignored agri-agra law, latest data of which show continuing dismal performance by an industry...
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THE PHILIPPINE banking system continued to expand during the second quarter as lenders opened more branches across the country with a focus on the provinces, data from the Bangko Sentral ng Pilipinas (BSP) showed. The local banking sector widened...
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