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Loan sharks spared anew as BSP eases credit card interest rates
By Fernan Angeles THE Bangko Sentral ng Pilipinas is setting a cap on the interest rates of credit card companies to a maximum of 24 percent but sorely missed on imposing the same for loan sharks. At their regular board meeting, BSP’s policy-setting Monetary Board convened with an agenda to impose policies seen to ease…
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8 out of 10 elders have no pensions, says Diokno
By John Clifford Lintao EIGHT of 10 elders in the country are deprived of the meager pensions or retirement funds due to senior citizens, said Bangko Sentral ng Pilipinas Governor Benjamin Diokno, citing Philippine Statistics Authority’s most recent report. “Based on the latest report of the Philippine Statistics Authority, the Philippines has around 7.6 million…