The Department of Agriculture (DA) on Thursday said a buffer fund of at least P5 billion for the procurement and stockpiling of rice and other agricultural commodities for purposes of stabilizing prices should soon be operational.
The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced discontinuing its rediscounting window and replacing it with the Discount Window Facility (DWF) in keeping with global best practices.
Finance Secretary Ralph Recto expects the Bangko Sentral ng Pilipinas to further reduce key interest rates this year, possibly matching the latest reduction delivered by the U.S. Federal Reserve.
Treasury bill (T-bill) rates posted a sharp decline at the Bureau of the Treasury auctions Monday following a significant cut in deposit reserves as mandated by the Bangko Sentral ng Pilipinas.
The Department of Transportation (DOTr) has postponed the plan to penalize motorists who violate radio frequency identification (RFID) load or tollway credit regulations on expressways in Metro Manila and nearby regions.