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Feb 06 2021 
LBP to open bank accounts for registrants in PhilSys
State-run Land Bank of the Philippines said it will facilitate the opening of bank accounts for registrants to the national identification system to ensure the speedy and efficient delivery of future government assistance programs.
In a statement, Cecilia Borromeo, Land Bank president and chief executive, said the lender has allotted more than P153 million for the…
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Feb 06 2021 
BSP bats for EO; endorses bill for digital infra
The Bangko Sentral ng Pilipinas (BSP)-led Financial Inclusion Steering Committee (FISC) is strongly urging the quick approval of the proposed Open Access in Data Transmission Act and the signing of an executive order (EO) for satellite-based internet connectivity to accelerate the country’s shift from cash-heavy to a cash-lite society in two to three years.
BSP Governor…
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Feb 06 2021 
Inflation uptick in Jan. will not lead to policy response – BSP
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the expected rising inflation – mainly temporary and are coming from supply-side pressures — does not warrant a monetary policy response, at least not yet.
“The projected uptrend in inflation is seen to be temporary,” said Diokno, adding that the “sources of near-term inflation pressures are…
