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May 17, 2024

BSP wants further cut in banks’ RRR

MANILA: The Bangko Sentral ng Pilipinas (BSP) wants to reduce banks’ reserve requirement ratio (RRR) rate to 5 percent from the current 9.5 percent.

In a televised interview on Friday, Governor Eli Remolona Jr. said the BSP will likely cut policy rat…

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US lowers travel alert in 4 Mindanao areas

MANILA: The United States has downgraded its travel alert for four major travel destinations in Mindanao – Davao City, Davao del Norte, Siargao Island, and the Dinagat Islands.

The State Department updated its travel advisory for the Philippines on M…

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