Reply To:
Name - Reply Comment
Last Updated : 2024-04-27 08:30:00
REUTERS: The Philippine Central Bank said yesterday it has approved revisions to foreign exchange rules to facilitate financing of private sector investments to boost economic growth.
Foreign loans meant to fund various types of private sector projects and activities would no longer need prior central bank approval, the Bangko Sentral ng Pilipinas said in a statement.
The Central Bank said the revised rules only cover loans without guarantee from, and exposure to, any public sector entity.
Regulators have also reduced substantially the requirements to support applications for registration and purchase of foreign exchange from the banking system.
“The revised rules aim to further facilitate financing of critical and urgent projects and activities that can contribute to a more vibrant business climate conductive to growth,” the Central Bank said in a statement.
Policymakers have been relaxing foreign exchange rules to make it more responsive to the needs of the economy and easier for businesses and individuals to transact foreign exchange within the banking system.
The revised rules take effect on Jan. 15, 2018.
michael smith Thursday, 28 December 2017 08:36 AM
Are you looking for a loan to clear off your dept and start up your own Business? have you being going all over yet not able to get a legit loan Company that will loan you? Here is your final solution, We can give you any amount you need provided you are going to pay back within the period of time given without any problem. Apply now and contact us for more details via email below. Email:michaelsmithloanfunds@gmail.com or text or call us on; 18305415524Thank you and God blessMICHAEL LOANS COMPANY
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
26 Apr 2024
26 Apr 2024