BSP vows to support FATF greylist exit, champions digital transformation for data-driven policies; GSIS launches new loan program for members
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NewsTranscript
00:00The Government Service Insurance System, or GSIS, has introduced a new accessible loan program for its members.
00:07These and other stories in tonight's business news wrap-up by Kate Renya.
00:14The Banco Central ng Pilipinas, or BSP, welcomed the Financial Action Task Force,
00:19or FATF's recognition of the country's progress in anti-money laundering and counter-terrorism financing initiatives.
00:26The FATF announced the country has substantially completed its action plan,
00:31allowing for an on-site assessment to verify the implementation of reforms.
00:35A successful on-site assessment will lead to the country's removal from the FATF gray list.
00:42The Banco Central ng Pilipinas, or BSP, underscored the significance of utilizing data and innovative tools to support evidence-based policies.
00:51During the 35th National Statistics Month Closing Ceremony, BSP Deputy Governor Francisco Daquila Jr. said
00:58this aligns closely with the BSP's commitment to embrace a digital approach enhancing its system and processes
01:05to generate quality data and deliver relevant information that meets the needs of its stakeholders.
01:12The Government Service Insurance System, or GSIS, has launched its Multipurpose Loan, or MPL, Light Program
01:19to help members quickly bridge or cover unexpected expenses and temporary budget gaps.
01:24According to the GSIS, the MPL Light offers accessible financing that ranges from Php 5,000 to Php 50,000
01:32with flexible repayment terms of 6, 12, 18, or 24 months.
01:36It has a competitive interest rate of 6-7% based on years of service.
01:41Kay Trenya, from the National TV Network, for a new and better Philippines.