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FINANCE Secretary Ralph G. Recto on Wednesday said he supports the position of the Senate that the proposed reforms on the military and uniformed personnel (MUP) pension reform must cover only new entrants. In a news briefing, Recto revealed that his “personal stand” regarding the MUP pension reform is the…
Philippine Canadian Inquirer BSP unlikely to ease policy rates in first half of 2024 Business and Economy
Days before Recto's appointment, former finance secretary and central bank governor Benjamin Diokno also made a 'return to his natural habitat' to the BSP's Monetary Board
FINANCE Secretary Ralph G. Recto has been sworn in as the administration’s representative in the Monetary Board, the highest policy making body of the Bangko Sentral ng Pilipinas (BSP). In a statement, BSP said Governor Eli M. Remolona Jr. administered the oath to Recto last Monday at the BSP head…
RISING food costs may not stop the Monetary Board, the highest policy making body of the Bangko Sentral ng Pilipinas (BSP), from cutting not just policy rates but the reserve requirements of banks this year. In a briefing over the weekend, BSP Governor Eli M. Remolona Jr. told reporters that…