Recent Posts

Pagcor continues to bring aid to displaced Albay folk

Legazpi, Albay – As the Mayon Volcano continues to show unrest indicating the possibility of a major eruption, the Philippine Amusement and Gaming Corporation (Pagcor) gears up to continuously bring relief to tens of thousands of displaced locals in the next few months.

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Airbus A350-1000 demo flight in Manila

Philippine Airlines (PAL) will study the possibility of acquiring the Airbus newest extra wide-body jet, after PAL officials led by Chairman Dr. Lucio C. Tan joined the Manila demo flight designed to test the reliability of the A350-1000.

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Unilab Foundation’s Project Inclusion: The Business Benefits of Hiring PWDs

Every successful business explores every possible opportunity and advantage. Businesses need to stay ahead not just of the competition, but also of the consistent demand of a profitable bottom line. That means making the most of resources that may be overlooked or underutilized. Persons with Disabilities (PWDs) represent a vast wellspring of untapped potential in terms of skill and productivity.

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BSP to Implement Minimum Liquidity Ratio for Smaller Banks and QBs

The Monetary Board has approved the adoption of minimum prudential liquidity requirements for thrift banks (TBs), rural banks (RBs), cooperative banks (CBs) and quasi-banks (QBs) which are designed to enhance the covered BSP-supervised financial institutions’ resilience to liquidity stress events. With this new development, all banks and QBs will be subject to calibrated minimum prudential liquidity requirements. The BSP first …

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End-January 2018 GIR Level Settles at $81.2 Billion

Preliminary data showed that the country’s gross international reserves (GIR) level as of end-January 2018 slid marginally to US$81.2 billion from the end-December 2017 GIR of US$81.6 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. announced today.1 At this level, the GIR represents more than ample liquidity buffer and is equivalent to 8.2 months’ worth of imports …

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Monetary Board Holds Policy Rate Steady

At its meeting on monetary policy today, the Monetary Board decided to maintain its policy rate, the interest rate on the Bangko Sentral ng Pilipinas (BSP’s) overnight reverse repurchase (RRP) facility, steady at 3.0 percent. The corresponding interest rates on the overnight lending and deposit facilities were also kept unchanged.

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