The Chamber of Thrift Banks (CTB) is once again urging the Bangko Sentral ng Pilipinas (BSP) to reduce the minimum liquidity ratio (MLR) for thrift banks to 16 percent. Despite the central bank's opposition, CTB president Cecilio San Pedro said a lower MLR would provide much-needed flexibility for...
Bishop Pablo Virgilio David, CBCP President. (FILE PHOTO) Alyansa para sa Bagong Pilipinas campaign manager, Navotas City lone district Rep. Toby Tiangco joined the chorus of well-wishers of Bishop Pablo Virgilio David over his appointment as Cardinal....
By Derco Rosal Amid consensus expectations that inflation slid in September, the majority of economists polled by Manila Bulletin are looking forward to the Bangko Sentral ng Pilipinas' (BSP) decision to further reduce interest rates during its upcoming monetary policy meeting on Oct 16. Following...
Downward interest rates and bank reserves would bolster loans to productive economic sectors in the Philippines, according to the World Bank. "Along with lower inflation, the reductions in the real interest rate and lower reserve requirements could spur demand for credit in the near term by...
Senate President Francis "Chiz" Escudero says it's about time to waive service fees on certain electronic fund transfers, as these are long overdue. Escudero had this to say as he backed Bangko Sentral ng Pilipinas' (BSP) move to remove such charges for personal transactions and payments to micro,...
While Senator Imee Marcos opted to "stand alone" in the upcoming elections, the political alliance shepherded by her brother, President Marcos, will still be behind her. President Ferdinand 'Bongbong' Marcos Jr. (Noel B. Pabalate) In an interview in Tarlac on Monday, Sept. 30, Marcos stated that...
President Marcos said he has found the person to take over the Department of the Interior and Local Government (DILG) portfolio once Secretary Benhur Abalos steps down this week to join the 2025 midterm elections. President Ferdinand 'Bongbong' Marcos Jr. (PCO) and DILG Secretary Benhur Abalos...
Motorists will have a frustrating drive to the petroleum service stations this week as they will be greeted with diesel prices rising by P0.90 per liter; while diesel prices will be going up by P0.45 per liter. Kerosene, which is their cousin in the weekly triumvirate of price adjustments, will...
As inflation eases, more economists anticipate two additional interest rate cuts of 25 basis points (bps) each by the Bangko Sentral ng Pilipinas (BSP) in its remaining policy meetings for 2024. In a Sept. 27 report, senior Asia economist Gareth Leather and assistant economist Harry Chambers at...
Navotas City lone district Rep. Toby Tiangco (left), Senator Imee Marcos (Facebook) The administration-backed Alyansa para sa Bagong Pilipinas will continue to support Senator Imee Marcos despite her preference to "stand alone". ...
The Presidential Communications Office (PCO) has debunked allegations that President Marcos was supposedly handed by a civilian a sachet of "white substance" and said what the President received was a lapel pin of the emblem of the Partido Federal ng Pilipinas (PFP). PCO/PFP In a Facebook Reel...
House Speaker Martin Romualdez (2nd from right, in black) distributing assistance during the Bagong Pilipinas Serbisyo Fair (BPSF) in Cavite (Speaker's Office) Fuel by the commitment that “no one will be left behind”, House Speaker...
