The re-emergence of Philippine securitization (ASR 2/25/01) may be expedited soon, as the country's Senate is preparing a securitization bill that will potentially develop a wider range of securitizable assets.

Last week the Senate told BusinessWorld that its version of the bill would address securitization of future risks and receivables of the government for payment of foreign debts. The move is meant to encourage better fiscal management and comes as the government prepares to securitize the future earnings of the Malampya Gas Project through the public ABS market.

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