Philippines sees US$1.7bil in retirement fund with new push


MANILA: The Philippine central bank sees around 100 billion pesos (US$1.7 billion) being poured into a voluntary retirement investment programme that could help boost the domestic capital market, according to an official.

Bangko Sentral ng Pilipinas on Tuesday (July 29) signed an agreement with banks and financial firms to pilot an initiative that will allow them to share financial data, provided the customer agrees.

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Philippines , BSP , retirement , fund , investment

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