6.

7.

CONFIDENTIAL

Banking

Lutes 2

the twall test actin. нис или Jos mys. porate reperension. (a periodic problem: Possible suspensions of Philippine banks

and DTC's in Hong Kong for failing to meet specified minimum liquidity requirements under Hong Kong's new tougher banking regime.)

BN(0) passports

(Philippines have not yet responded on the BN (0) passport.)

CONFIDENTIAL

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