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BSP official: ‘Many’ requests to hike ATM charges already denied

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has already rejected applications by several banks to hike charges for automated teller machine (ATM) transactions by up to 100 percent, an official of the state regulator told the Senate on Monday. Speaking at a Senate hearing presided over by Sen. Grace Poe, BSP managing director Vicente de Villa III said withdrawals from ATMs...

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