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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 214083 [Title] => More credit bureaus urged [Summary] => The Standard Chartered Bank is urging Philippine monetary authorities to encourage the growth of more credit bureaus to protect both the consumers and the banking industry.
In a press briefing yesterday, Standard Chartered group regional head for consumer banking Sherazam Mazari said there is a pressing need for more credit bureaus as financial institutions are increasingly turning to the consumer lending market.
"It will allow the market to give low rates as the market increases in volume while risks are reduced," Mazari said.
[DatePublished] => 2003-07-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
SHERAZAM MAZARI
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 214083 [Title] => More credit bureaus urged [Summary] => The Standard Chartered Bank is urging Philippine monetary authorities to encourage the growth of more credit bureaus to protect both the consumers and the banking industry.
In a press briefing yesterday, Standard Chartered group regional head for consumer banking Sherazam Mazari said there is a pressing need for more credit bureaus as financial institutions are increasingly turning to the consumer lending market.
"It will allow the market to give low rates as the market increases in volume while risks are reduced," Mazari said.
[DatePublished] => 2003-07-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Ted P. Torres | July 18, 2003 - 12:00am
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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During the conference, Finance Secretary Ralph Recto emphasized the importance of a business environment that supports consistent progress.
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