MANILA, Philippines – President Aquino has signed a law allowing foreigners to own up to 60 percent of voting stocks in rural banks.
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The bill allowing foreigners to invest in rural banks in the country was recently enacted into law.
The Rural Bankers Association of the Philippines (RBAP) on Wednesday hailed the signing by President Aquino of the measure that would allow foreign …
The Rural Bankers Association of the Philippines (RBAP) expressed gratitude to President Benigno Simeon Aquino III for signing into law the Foreign Equity Bill or Republic Act (RA) 10574, saying this will help create an environment conducive to economic growth …
08 May 2013
The Rural Bankers Association of the Philippines (RBAP) is waiting for ‘official final orders’ from the Bangko Sentral ng Pilipinas (BSP) before implementing the recently issued resolution of the Commission on Elections (Comelec), limiting cash withdrawal transaction
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