Wednesday, January 27, 2021

Save The Children Philippines, BARMM Forge Partnership To Fulfill Children’s Rights

Save the Children Philippines brings hope to protect children from the horrors of gun battles especially in parts of Muslim Mindanao.

SM Scholar-Graduate Instills Leadership Competencies In Youth

An inspiring story of an SM Scholar alumna!

Save The Children PH Welcomes Smart Communication For Children’s Learning Access

Smart Communications, Inc. and Save the Children Philippines jointly donated four School-in-a-Bag packages for learning communities in the Bangsamoro Autonomous Region in Muslim Mindanao!

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

RCBC Economist Eyes Possible Add’l Cuts In BSP Rates, RRR

RCBC Economist Eyes Possible Add’l Cuts In BSP Rates, RRR

Spotlight

Save The Children Philippines, BARMM Forge Partnership To Fulfill Children’s Rights

Save the Children Philippines brings hope to protect children from the horrors of gun battles especially in parts of Muslim Mindanao.

SM Scholar-Graduate Instills Leadership Competencies In Youth

An inspiring story of an SM Scholar alumna!

Save The Children PH Welcomes Smart Communication For Children’s Learning Access

Smart Communications, Inc. and Save the Children Philippines jointly donated four School-in-a-Bag packages for learning communities in the Bangsamoro Autonomous Region in Muslim Mindanao!

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

Additional cuts on Bangko Sentral ng Pilipinas’ (BSP) key rates or banks’ reserve requirements cannot be discounted before 2019 ends in line with the Federal Reserve’s future decisions, as well as the domestic output.

The BSP’s policy-making Monetary Board (MB) slashed by another 25 basis points the central bank’s key policy rates, which brought the total cuts this year to 75 basis points, while it cut by 100 basis points the banks’ reserve requirement ratio (RRR) on Friday, which will take effect on the first day of the first reserve week of November this year.

The latest RRR cut was on top of the 200 basis points reduction in universal and commercial banks (U/KBs) RRR from May to July this year, and the 100 basis points reduction on demand deposits and negotiable order of withdrawal (NOW) accounts of rural banks (RBs) and cooperative banks (coop banks).

It would bring down to 15 percent the U/KBs’ RRR; 5 percent for thrift banks; and 3% for RBs.

Rizal Commercial Banking Corp. (RCBC) chief economist Michael L. Ricafort, in a reply to an e-mail from the Philippine News Agency (PNA), said further cuts in either the BSP’s key rates or the RRR “cannot be completely ruled out, especially if the US Federal Reserve makes further cut/s in the key US short-term interest rates and/or local GDP growth data remain relatively soft (that would still require further easing of local monetary policy).”

The Fed has reduced its target rates by a total of 50 basis points to a range of 1.75 percent to 2 percent, at 25 basis points each in July and September.

Relatively, domestic growth, as measured by gross domestic product (GPD), averaged 5.5 percent in the first half of the year, below the government’s full-year target of 6 percent to 7 percent.

Ricafort explained that the cuts on both the BSP’s key rates and banks’ RRR are expected to boost domestic output.

He said the latest 100 basis points reduction in banks’ RRR is expected to bring in additional PHP110 billion into the financial system.

“This will encourage greater lending by banks to large businesses, SMEs (small and medium enterprises), micro-enterprises, consumers, government, and other institutions, thereby resulting (in) faster growth in loans,” he said.

The economist also pointed out that “greater lending activities by banks spur greater economic activities, create more business and employment opportunities, and lead to faster economic/GDP growth.”

“The resulting increase in lending and economic activities, as well as the resulting lower local interest rates, would support sentiment and valuations in the local financial markets,” he added. (PNA)

Dabawenyos Told To Help Prevent Dengue

The City Health Office (CHO) reminds Dabawenyos to continue doing the “4 0’clock Habit” to prevent the surge of mosquito-borne diseases in their place.

US Rejoins WHO

US President Joe Biden signs an executive order to discontinue the withdrawal partnership from World Health Organization (WHO) that Ex-President Donald Trump initiated last year.

NTT Appoints Abhijit Dubey As Global Chief Executive Officer, NTT Ltd. From 1 April 2021

Learn more about the new CEO of the world's leading global technology services provider!

Over 69K Individuals Get Free Swab Tests In Manila

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PRSP Grows Network With VisMin Chapters, Announces Upcoming 27th PR Congress

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5 Reasons Why Love (Ft. Marriage And Divorce) Is Going To Be Your Next Pleasure K-Drama

If you liked 'The World of the Married', then you'll surely love this one as well!

Faithful Urged To Join Online Bible Festival

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New UK-PH Partnership To Increase Access Of Filipino Students To Quality Higher Education

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917Ventures, PureGold Offer Same Day Grocery Delivery Via PureGo

No need na mag-grocery sa labas dahil meron ng PureGo Online Grocery! Alamin ang mga exclusive features nito.

Galvez Sees Vaccine Deal Finalized In 2 Weeks

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Spotlight

Save The Children Philippines, BARMM Forge Partnership To Fulfill Children’s Rights

Save the Children Philippines brings hope to protect children from the horrors of gun battles especially in parts of Muslim Mindanao.

SM Scholar-Graduate Instills Leadership Competencies In Youth

An inspiring story of an SM Scholar alumna!

Save The Children PH Welcomes Smart Communication For Children’s Learning Access

Smart Communications, Inc. and Save the Children Philippines jointly donated four School-in-a-Bag packages for learning communities in the Bangsamoro Autonomous Region in Muslim Mindanao!

Max’s All-You-Can™ Is Back And Better Than Ever!

Hindi lahat ng nang-iiwan, hindi na bumabalik. Max’s All-You-Can is back!

Lifestyle

The Life-Long Impact Of Brain Development In A Child’s First 5 Years

Interesting! Let's know how the first five years of a child's brain determines his success in the future.

Hendrick’s Gin Celebrates Love And Romance With The Perfect Pair This Valentine’s Day

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POND’S And Shopee Deliver ‘Smarter Skincare’ With First AI-Powered Chatbot

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Yellow Cab Introduces Its New Thin Crust Pizza, Starting At Just P249

New year new taste. Yellow Cab's New York Style Thin Crust Pizza is now available. The price starts at P249!

Entertainment

Award-Winning Film “Quezon’s Game” To Stream Worldwide On iWantTFC This January 27

Atin 'to! The historical movie "Quezon's Game" finally comes home to the Philippines and streams globally on iWantTFC beginning January 27.

Jamie Lends Her Voice For Inspirational Song “We Give Our Yes”

Diva Jamie Rivera's "We Give Our Yes" is the official song of the 500th anniversary of Christianity in the Philippines celebration.

“Godzilla Vs. Kong” Official Trailer Promises Battle For The Ages

We surely miss these gigantic scenes. Now "Godzilla vs. Kong," coming soon to Philippine cinemas this year!

More Stories

Award-Winning Film “Quezon’s Game” To Stream Worldwide On iWantTFC This January 27

Atin 'to! The historical movie "Quezon's Game" finally comes home to the Philippines and streams globally on iWantTFC beginning January 27.

13 Ilocos Region Bus Routes Resume Operations

The Land Transportation Franchising and Regulatory Board (LTFRB) now resumes point-to-point public transport in 13 modified routes.

Jamie Lends Her Voice For Inspirational Song “We Give Our Yes”

Diva Jamie Rivera's "We Give Our Yes" is the official song of the 500th anniversary of Christianity in the Philippines celebration.

Borongan City Eyes 90K Covid-19 Vaccine Doses

Borongan Mayor Jose Ivan Dayan Agda said the city plans to purchase the AstraZeneca vaccine, hoping to be included in the second batch of procurement.

IATF To Operationalize Inclusion Of Soldiers, Police’s Families

Presidential Spokesperson Harry Roque assured soldiers and police that government will also prioritize their families in the free vaccination drive.

Travel

Bicol Int’l Airport Now 72.2% Complete

Malapit nang magkaroon ng airport sa Bicol!

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Nabakunahan man o hindi tuloy-tuloy pa rin ang pagsunod ng travel health protocols, ayon kay Duque.

Panagbenga 2021 Postponed Due To Pandemic

Walang Panagbenga ngayong taon. 🙁

Radisson Hotel Group Rises Above Challenges To Add 84 New Hotels Across Asia Pacific

Radisson Hotel Group adds 84 new hotels and resorts, covering eight of its distinct brands.

Motoring

13 Ilocos Region Bus Routes Resume Operations

The Land Transportation Franchising and Regulatory Board (LTFRB) now resumes point-to-point public transport in 13 modified routes.

Over 421K OFWs Served Via ‘Hatid Tulong’

The Department of Transportation (DOTr) transports stranded OFWs in Metro Manila back to their provinces by the ‘Hatid Tulong’ government program.

Abalos Asks DPWH To Fix Lights On Major Roads

MMDA chairman Benhur Abalos requested the DPWH to fix street lights on major thoroughfares across the metropolis, citing commuters are in danger.