The Bangko Sentral ng Pilipinas (BSP) will reduce the reserve requirement ratios (RRRs) of banks as part of its efforts to reduce distortions in the financial system. In a statement on Friday, the BSP said the RRR of universal and commercial banks (U/KBs) and non-bank financial institutions with quasi-banking functions (NBQBs) will be reduced by 250 basis points to 7 …

The Asia United Bank said on Thursday that it is planning to integrate the Philippine Statistics Authority’s eVerify with its branch banking service, allowing customers who registered to the national identification (ID) system to easily open a bank account. The national ID eVerify provides users with a suite of verification tools, including facial recognition and real-time data verification. It also …

When buyers leave any of the four Honda Gateway dealerships with their brand new Honda cars, the Gateway Motors Group (the biggest multi-brand car dealership company that operates in key cities in the Philippines) always gives them the assurance of security and dependable services for their newly prized possession in the years to come. This is the essence of the …

The new-look Kia Carnival, one of the most iconic names in the automotive industry that blends opulent comfort and bold design with cutting-edge technology and set to be the new benchmark in the premium MPV category,  was unveiled by ACMobility last Friday at The Atrium of Enderun in Taguig City.   A black and a white colored units were shown …

The Autohub Group of Companies unwrapped the MINI’s two most important models – the New Mini Cooper and New Mini Countryman, available with all-electric drivetrains as well as innovative and efficient petrol engines – last Friday at The Fifth at Rockwell in Makati City.  Since the global relaunch of the brand at the turn of the millennium, the MINI has …

Aion, one of the world’s top 3 electric vehicle brands, inaugurated its flagship showroom last week in Chino Roces Extension, Makati City and brings a commitment to cutting-edge technology, sustainability, and luxury to redefine the electric mobility experience for Filipinos. Aion, a division of Guangzhou Automobile Group Co., Ltd. of China, partners with Dangdang New Energy Auto Service (Philippines) Limited …

An efficient transport system fuels a free-flowing logistics supply which will eventually bring a range of economic benefits into full play, according to the Department of Transportation. The transport agency said it is complying with the directive of President Ferdinand Marcos Jr. in keeping the supply chains — from products, information and finances — flowing unimpeded. “If transport systems are …

The Department of Transportation (DOTr) is further deferring implementation of the penalties for violations of Joint Memorandum Circular (JMC) No. 2024-001 – Revised Guidelines for All Vehicles Travelling on Toll Expressways – until next year. Data and information from the recent public consultations will be collated, including the number and profile of violators, to determine any amendments to the JMC. …

Government’s investment in transport infrastructure projects will boost economic activities in the country, while generating employment and see uptick in tourist arrivals, according to Transport Secretary Jaime J. Bautista. Sec. Bautista underscored on Tuesday the role the transport sector plays in increasing the productive capacity of the country’s economy. “The transportation sector is at the forefront of boosting economic growth …

The Regional Strategy on Biofouling Management in the ASEAN Region was adopted by the ASEAN Member States during the 47th ASEAN Maritime Transport Working Group (MTWG), held in Bandar Seri Begawan, Brunei Darussalam, from 17 to 18 September 2024. The Philippine delegation, led by MARINA Deputy Administrator for Operations, Ms. Nannette V. Dinopol, presented the draft Regional Strategy on Biofouling …