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November 28, 2023

BSP to end zero spread on peso rediscounting loans in June

The Bangko Sentral ng Pilipinas (BSP) has granted a final extension of the zero spread on its peso rediscount loans anew until the end of June this year as part of the gradual withdrawal of extraordinary liquidity measures deployed during the height of the COVID-19 pandemic.

ADB projects slower Phl growth this year than IMF

The Philippines is forecast to grow by 6 percent this year in terms of the gross domestic product (GDP) and faster to 6.3 percent by next year, the Manila-based Asian Development Bank said on Wednesday.

LRMC releases LRT-1 train schedule for 2022 Holy Week

Light Rail Transit – Line 1 (LRT-1) private operator Light Rail Manila Corporation (LRMC) is set to conduct its annual maintenance activities to continuously provide safe and reliable transportation system with a temporary suspension of LRT-1 operations from 14 April (Maundy Thursday) to 17 April 2022 (Easter Sunday).