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(Bloomberg) — Banks in the Philippines warn their cash flow may be reduced by as much as 4 trillion pesos ($82 billion) should a bill that seeks to delay loan payments by a year becomes a law.
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Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments – Banks in the Philippines warn their cash flow may be reduced by as much as 4 trillion pesos ($82 billion) should a bill that seeks to delay loan payments by a year becomes a law. The plan could result …
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