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PHILIPPINE PRESIDENT SEEKS SPEEDY PASSAGE OF MONEY LAUNDERING LAW.

Publication: AsiaPulse News

Publication Date: 06-FEB-01
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COPYRIGHT 2001 Asia Pulse Pty Ltd

MANILA, Feb 6 Asia Pulse - President Gloria Macapagal-Arroyo last night called for the speedy passage of House Bill No. 878, the New Central Bank Act, in an effort to combat money laundering and promote greater stability for the country's banking sector.

Speaking at the inauguration of the 46-level Rizal Commercial and Banking Corporation (RCBC) Plaza in Makati City, the President underscored the need to hasten the implementation of the...

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