(Article from Rappler)
The Qatar Investment Authority has at least $320 billion worth of excess funds which may be used for energy projects in the Philippines and Southeast Asia.
DAVAO CITY, Philippines – Qatar, through its state-run holding company, is keen on funding energy projects in the Philippines but prefers to do so through an Islamic financial system, a leader of the country’s lone Islamic bank said Tuesday, October 3.
In view of the requirements of BSP Circular No. 928 dated 24 October 2016 on Amendments to the Regulations Governing Fees on Retail Bank Products/Services and Dormant Deposit Accounts, Management has initiated the applicable amendments in our banking fees and service charges. Relative to this, attached is the Bank's advisory on the Bank's balance requirements, new service charges and maintenance fees for posting at a conspicuous place within the premises of all banking units.
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