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Global Trade Alert

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Philippines: Introduced restricted measures on digital banking for foreign investors

Description

On 2 December 2020, through the issuance of the Bangko Sentral ng Pilipinas (BSP) Circular No. 1105/2020, the Philippines mandated the digital banks to maintain a principal or head office in the Phili...

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Intervention Details

Intervention Type

Local operations requirement

MAST Chapter

I: Trade-related investment measures

Implementation date

23 Dec 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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