No need to reduce thrift banks’ MLR, BSP says
THE BANGKO SENTRAL ng Pilipinas (BSP) will not cut the minimum liquidity ratio (MLR) of thrift banks despite calls for its reduction from the sector. “The BSP recognizes the thrift banking industry’s valuable contribution to the country’s economic growth through its
More urgent than ever
PORTCALLS ASIA-UNSPLASHExport diversification has long been a strategy pushed to maximize space for our goods and services to grow, thus, in part generating more business and gainful jobs at home.This thrust has been a key push in the country’s export
CALAX Governor’s Drive Interchange opening by Q1 2025
THE GOVERNOR’S Drive Interchange of the Cavite-Laguna Expressway (CALAX) has now reached 25% completion and is on track to be opened by the first quarter of 2025, MPCALA Holdings, Inc. said on Wednesday.“Despite the challenges faced in construction brought about
Newport hosts a Bavarian-style feast
THANKS to the marriage of Bavaria’s King Ludwig I to Princess Therese of Saxe-Hildburghausen in 1810, Oktoberfest is now celebrated around the world. In as much as the festival, now synonymous to beer and other Bavarian gaieties, has become an
Term deposit yields decline as inflation eases to 7-month low
BW FILE PHOTOYIELDS on the term deposits of the Bangko Sentral ng Pilipinas (BSP) declined on Wednesday following slower-than-expected headline inflation in August.Demand for the central bank’s term deposit facility (TDF) amounted to P218.169 billion on Wednesday, above the P200-billion