Philippines considers boosting central bank capital

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For the first quarter of 2018, the Central Bank of the Philippines recorded a net income after tax of 17.55 billion pesos, compared with 3.37 billion pesos for the same period last year.

Lawmakers in the Philippines are considering a draft law that would boost the central bank’s capital, limit its exposure to losses and make some of its profits tax exempt.

In June, the House of Representatives of the Philippines approved the second reading of a draft law to increase the capitalisation of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas, or BSP) from 50 billion to 200 billion pesos ($936.6 million to $3.75 billion), according to local media. The draft law would

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