Banking & Finance
BSP to slash banks’ reserve requirement ratio this year
The Bangko Sentral ng Pilipinas (BSP) will significantly reduce the reserve requirement ratio (RRR) of banks this year, with plans for further cuts in 2025, Governor Eli Remolona Jr. said Wednesday.
“We will reduce the reserve requirement substantially this year, and then there may further reductions by next year,” he said.
Reserve requirements are the minimum reserves required for depository institutions. They are set by the central bank within limits specified...
Metrobank exhibit.
The Metrobank Foundation Inc. (MBFI) is hosting a free, month-long exhibition in...
BTr awards 10-year Treasury bonds
The Bureau of the Treasury (BTr) said Tuesday it awarded the reissued...
Alternative payments surge in popularity
Alternative payments are increasingly being preferred for online purchases in the Philippines,...
PhilHealth covers leptospirosis, dengue
The Philippine Health Insurance Corp. (PhilHealth) assured the public that it covers...
UnaCash reports growth in POS, BNPL transactions in PH
Financial technology company UnaCash reported a remarkable increase in point-of-sale (POS) and...
BSP to slash banks’ reserve requirement ratio this year
The Bangko Sentral ng Pilipinas (BSP) will significantly reduce the reserve requirement ratio (RRR) of banks this year, with plans for further cuts in 2025, Governor Eli Remolona Jr. said Wednesday.
“We will reduce the reserve requirement substantially this year, and then there may further reductions by next year,” he said.
Reserve requirements are the minimum reserves required for depository institutions. They are set by the central bank within limits specified...
Metrobank exhibit.
The Metrobank Foundation Inc. (MBFI) is hosting a free, month-long exhibition in...
BTr awards 10-year Treasury bonds
The Bureau of the Treasury (BTr) said Tuesday it awarded the reissued...
Alternative payments surge in popularity
Alternative payments are increasingly being preferred for online purchases in the Philippines,...
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