BSP confident Congress will pass SPAV bill

The Bangko Sentral ng Pilipinas (BSP) remains confident that Congress will eventually pass the measure on special purpose asset vehicles (SPAV). Congress is in recess and will reconvene in July.

Likewise, improvements in the economy have attracted back venture capital.

In an interview, BSP Governor Rafael B. Buenaventura said that when Congress recovers from all the brouhaha, "there is no reason why an acceptable SPAV could be passed into law."

The SPAV bill has been passed by the House but remains unacted upon by the Senate. – Ted Torres