{
    "success": true,
    "data": {
        "id": 1195589,
        "msgid": "rp-to-allow-foreign-banks-1447893297",
        "date": "1995-02-03 00:00:00",
        "title": "RP to allow foreign banks",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "RP to allow foreign banks MANILA (AFP): Central Bank Governor Gabriel Singson said yesterday that 10 foreign banks would be allowed entry into the Philippines with representation from five regional groupings -- North America, Europe, Japan, Asia and Australia-New Zealand.",
        "content": "<p>RP to allow foreign banks<\/p>\n<p>MANILA (AFP): Central Bank Governor Gabriel Singson said<br>\nyesterday that 10 foreign banks would be allowed entry into the<br>\nPhilippines with representation from five regional groupings --<br>\nNorth America, Europe, Japan, Asia and Australia-New Zealand.<\/p>\n<p>Singson said the Monetary Board, the government's highest<br>\nmonetary policy-setting body, agreed that banks applying for full<br>\ncommercial operations would be evaluated regionwise and would not<br>\nhave to compete with each other on a global basis.<\/p>\n<p>The board expects to name the 10 banks this month, joining the<br>\nfour foreign banks that already operate in the country.<\/p>\n<p>As many as 22 foreign banks have applied. Five, including<br>\nChemical Bank and Chase Manhattan Bank, come from the North<br>\nAmerican region while four others, including Deutsche Bank AG,<br>\nare from Europe.<\/p>\n<p>Bank of Tokyo and Fuji Bank Ltd. represent Japan while 10<br>\nbanks hail Asian countries, namely Taiwan, Singapore, South<br>\nKorea, Indonesia and Thailand.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rp-to-allow-foreign-banks-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}