MANILA/TAIWAN, April 9 (Reuters) - The Philippine central bank has given Taiwan's Cathay United Bank the go ahead to upgrade its representative office in the country to a full-service branch, making it the third foreign bank to benefit from a new law that eased the entry of outside lenders.
Deputy Governor Nestor Espenilla said the central bank's policy-making monetary board approved the application on Wednesday.
Also read: Suu Kyi, Under Fire, Says Myanmar Will Allow Certain Rohingya to Return
Read more