In a statement, the BSP said the Monetary Board has approved the reduction in the reserve requirement ratio (RRR) of Philippine banks, effective Oct. 25.
The regulator slashed the RRR for universal and commercial banks as well as non-bank financial institutions with quasi-banking functions (NBQBs) by 250 basis points, to seven percent from the current level of 9.5 percent.
The RRR for digital banks was likewise slashed by 200 basis points to four percent from six percent.
Furthermore, the level of deposits mid-sized or thrift banks are required to keep with the BSP was lowered by 100 basis points to one percent from two percent.
هذه القصة مأخوذة من طبعة September 21, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 21, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Dylan Menor hopes to carve a place in showbiz
Dylan Menor, born Dylan Nabil Cosgayon Menor, is a 22-year-old Filipino singer and actor who is making his mark in the world of Philippine entertainment.
Julia Barretto's Viu series 'Secret Ingredient' wins at Cannes Corporate Media & TV Awards 2024
The Viu Original \"Secret Ingredient,\" a production bringing together characters from the Philippines, Indonesia, and South Korea, has received a Silver Dolphin trophy for Branded Content Videos and a Black Dolphin trophy for Best Cast/On-Camera Talent at the recently concluded Cannes Corporate Media & TV Awards 2024.
A musical, pulpy crime thriller, 'Emilia Pérez' swings for the fences
There is so much going on in \"Emilia Pérez,\" the audacious musical/melodrama/crime-thriller from filmmaker Jacques Audiard, it's impossible not to appreciate the sheer ambition of it all.
BEYOND THE GLITZ OF PHL SHOWBIZ'S BIGGEST HALLOWEEN PARTY
If no one is going to do it, rest assured Alist celebrity and event expert Mond Gutierrez will be the trailblazer who would step in to create a platform for personalities to inspire and be inspired to express themselves in one of the most enjoyable occasions of the year — Halloween.
5 PRACTICAL TIPS FOR BATHROOMS THAT SPARK JOY
Making necessary changes in our life can be scary or overwhelming at times, but it can also be a beautiful process. The same can be said about transforming your bathroom into a space that sparks joy in you.
HERE'S HOW TO SHOP GLOBAL WITHOUT TRAVELING
The Mother of All Bazaars, which ushers in the Christmas season, is happening tomorrow.
Klook contributes $7.2 B to Asia-Pacific tourism economy
Klook, Asia's leading platform for experiences and travel services, contributed approximately $7.2 billion in gross domestic product and supported over 219,000 jobs in Asia-Pacific in 2023, reaffirming its pivotal role as an economic engine in the region's tourism sector, according to a study conducted by Oxford Economics.
Korean Air increases Manila-Incheon flights
South Korea's flag carrier is increasing its flight volume between Manila and Incheon to enhance connectivity options and support travel demand along this corridor.
Bukidnon leads provinces in agri, fisheries output
Bukidnon led the provinces in 2023 in terms of the value of agricultural and fisheries production in 2023, accounting for at least six percent of the country's total output, the Philippine Statistics Authority (PSA) said.
Semirara targets 16 MMT coal production this year
Semirara Mining and Power Corp. (SMPC), the leading coal producer in the country, is hoping to end the year on a high note with a production target of 16 million metric tons (MMT).
