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www.manilatimes.net Moratorium on loan payments to hurt banks

Two leading business organizations on Friday expressed alarm over the one-year grace period for loan payments provided in the so-called Bayanihan 2 bill, warning that it could hurt the Philippine banking system if passed.
In a statement, Management Association of the Philippines (MAP) President Francis Lim admitted that while the 365-day moratorium proposed in the measure was “ostensibly good for…
www.manilatimes.net
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