Monday, March 3, 2008 [ philstar.com ]
The Bangko Sentral ng Pilipinas (BSP) said it was giving banks a 30-day grace period to file applications for incentives after the expiration of the extended Special Purpose Vehicles Act (SPVA).
The BSP said over the weekend that banks would be given until June 13 this year to file their applications for transactions completed on or before May 14, the date when the SPVA perks were scheduled to lapse.
BSP Deputy Governor Nestor Espenilla Jr. told reporters over the weekend that the Monetary Board had decided to grant the grace period like it did when the original SPVA law expired. > > > [ full story ]
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