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May 02 2021 
Interagency body seeks to boost supervision over financial sector
THE FINANCIAL Sector Forum (FSF), a body chaired by the central bank chief, is looking to boost financial supervision in light of assessed gaps in the Bank Secrecy Law and the oversight of conglomerates and financial technology.
Benjamin E. Diokno, governor of the Bangko Sentral ng Pilipinas (BSP) and chairperson of the FSF, said the panel’s…
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May 02 2021 
Tax the wealthy to correct some faults of free market–Salceda
CITING the threat of a “K-shaped” economic recovery, the chairman of the House Committee on Ways and Means is pushing for the inclusion of a universal basic income (UBI) in the proposed House Bill 8628 or the “Bayanihan 3.”
House Committee on Ways and Means Chairman Joey Sarte Salceda said doing so may prevent a “K-shaped…
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May 02 2021 
Latvian Fintech VIA SMS Enters Philippines Market Through Investment in VAMO.ph
Latvian fintech VIA SMS Group continues to expand its presence in Asia-Pacific by investing in the development of consumer lending brand VAMO.ph in the Philippines.
The decision on further strategic expansion in the region follows successful business operations in Vietnam launched in 2019 in partnership with another well-known consumer lender TWINO.
Since the company’s launch in 2019,…
