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The Bangko Sentral ng Pilipinas (BSP) held steady its target reverse repurchase, or borrowing, rate at 5.75 percent at the monetary policy meeting Thursday and kept the interest rates on the overnight deposit and lending facilities unchanged at 5.25 percent and 6.25 percent, respectively. The decision comes as the central bank monitors the risks surrounding inflation and domestic growth amid heightened global policy uncertainty.

Transportation Secretary Jaime J. Bautista announced his resignation on Thursday, citing health concerns after more than two years of service under the Marcos administration. His resignation, effective at the end of office hours on February 21, 2025, marks the conclusion of a tenure where he described his role as both challenging and enriching.

The National Grid Corporation of the Philippines (NGCP) on Wednesday announced a 2.03 percent increase in its wheeling rate for the January billing period, affecting consumers when they receive their February electricity bills.

The Department of Agriculture (DA) is considering implementing a maximum suggested retail price (MSRP) for pork as early as next month to address rising pork prices in the Philippines.

Metro Manila power rates rise in February