Day: September 20, 2024

BSP to reduce banks’ reserve requirement ratio

Manila: The Bangko Sentral ng Pilipinas (BSP) will reduce the reserve requirement ratios (RRRs) of banks as part of its efforts to reduce distortions in the financial system.

In a statement on Friday, the BSP said the RRR of universal and commercial …

PSEi strong, peso flat on Friday

Manila: The local index finished the last day of trading for the week strong, while the peso barely moved.

The Philippine Stock Exchange index (PSEi) ended Friday gaining 0.70 percent at 7,252.32 points, with All Shares also closing higher by 0.62 p…

PH bats for retaining special terms on rice, sugar in ATIGA review

Manila: The Philippines is pushing for the retention of a protocol in the free trade agreement (FTA) in the Association of Southeast Asian Nations (ASEAN) that will protect sensitive agricultural products in the country such as rice and sugar.

During…

Lyceum beats Arellano U in overtime

Manila: The Lyceum of the Philippines University relied on John Barba and Mclaude Guadana to pull off a 90-86 overtime win over Arellano University in the National Collegiate Athletic Association (NCAA) Season 100 men’s basketball tournament at the Fi…