The Bangko Sentral ng Pilipinas (BSP) will resume cutting the reserve requirement of banks this year ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | | | | | | BANKING
Remolona: BSP may resume RRR cuts this year
The Bangko Sentral ng Pilipinas (BSP) will resume cutting the reserve requirement of banks this year, a move that would release billions of peso in loanable funds to the economy at a time borrowing costs are poised to go down. And further reductions to the reserve requirement ratio (RRR) are on deck next year while the central bank is on easing mode.
By Ian Nicolas P. Cigaral
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| | | | LOGISTICS
Gov't seeks ₱40.5-B investment in 17 ports
The Department of Agriculture (DA) plans to develop 17 strategic new ports and bring in private investors to defray the estimated cumulative cost of P40.5 billion as it hopes to lower food prices across the country.
By Jordeene B. Lagare and Alden M. Monzon
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| | | | AVIATION
AirAsia PH parent cops aircraft maintenance deal
BALI, Indonesia—The parent company of AirAsia Philippines inked a partnership with Indonesian maintenance, repair and overhaul (MRO) company PT Garuda Maintenance Facility Aero Asia Tbk (GMF) to improve aircraft availability amid the resurgence of demand for air travel.
By Tyrone Jasper C. Piad
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| | | | | | | | BIZ BUZZ
RCBC's triple win
They say that third time's the charm, but in the case of Rizal Commercial Banking Corp. (RCBC), it got all three chances in one go. The Yuchengco-led bank recently bagged three awards related to its debit card services for the rich.
By Meg J. Adonis
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| | | | INQUIRER PLUS-EXCLUSIVE
US Fed's first rate cut since 2020 all but certain
WASHINGTON — The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets. Senior officials at the US central bank including Fed chair Jerome Powell have in recent weeks indicated that a rate cut is coming this month.
By AFP
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