Philippines to Relax Rules on Derivatives, Says Central Bank's Espenilla

(Bloomberg) -- The Philippine central bank may ease
policies on derivatives and other tools for hedging risks to
``encourage business activity,'' Deputy Governor Nestor
Espenilla said.

While this may encourage outward investment, it's not the
main intention, Espenilla said in a mobile phone message today
from Washington. Bangko Sentral ng Pilipinas aims to spur
business by ``giving maximum flexibility to manage risks,'' he
said.


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