Know the latest developments in tax and business law in the Philippines as we dissect current issues affecting the business community, including policy development.
Writers are taken from a pool of business and tax consultants of our firm. These columns regularly appear in the BusinessWorld newspaper.
25 Aug 2016
The Philippine Credit Card Industry Regulation Law (Republic Act 10870) unequivocally placed all card issuers and acquirers (referred to as “covered institutions” in this article) under the supervision of the Bangko Sentral ng Pilipinas (BSP). Last week, this column discussed the benefits of the law to every Juan and Maria. This week, I will focus on the perceived impact of RA 10870 to market participants or industry players.