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PCCI, BAP, MAP laud enactment of FIST Act

Published February 18, 2021, 6:15 PM Business organizations lauded the enactment of Financial Institutions Strategic Transfer (FIST) Act into law as timely stating the new law would further aid in the recovery of the Philippine economy, which has been battered by long lockdowns and quarantines due to the pandemic. The Philippine Chamber of Commerce and Industry (PCCI), the Bankers Association of the Philippines (BAP), and the Management Association of the Philippines (MAP) issued separate statements of support to the signing of the FIST Act by President Duterte and its passage by Congress. BAP said the passage and signing of the FIST Act into law is timely and will  further strengthen the role of the financial industry in the economic recovery of the country.

The return – Manila Bulletin

I would have titled this piece “Babalik Ka Rin” but decided against it, lest that I be accused of copyright infringement. Still, this song which debuted in 1994, written and sung by Gary Valenciano, dedicated to the overseas Filipino workers (OFWs) keeps ringing in my ear as I said before like a last song syndrome.   “Saan ka man naroroon ngayon, Saudi, Japan, o Hong Kong Babalik ka rin, babalik ka rin, babalik ka rin. Ano mang layo ang narating, Singapore, Australia, Europe, o Amerika, babalik at babalik ka rin” The “Babalik Ka Rin” phrase came springing up in the course of my conversion with a market observer,  who said he thinsk that the longest 501 resident, former Bangko Sentral ng Pilipinas Amando “Say” Tetangco,will return to the banking scene.   The two-year prohibition imposed on former BSP officials to join any banks or financial institutions lapsed in July last year.

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