BoB unlocks P2.3bn to boost banks� liquidity
Friday, March 27, 2015

Mohohlo
In a move aimed at augmenting funds available for lending for commercial banks, BoB governor Linah Mohohlo yesterday halved the Primary Reserve Ratio (PRR) for commercial banks from 10 to 5 percent, effective April, 2015 .
Primary reserves are the commercial banks’ deposits held in a special non-interest earning account at the Central Bank.
With both sides entrenched in legal battles and public spats, the risk to public health, trust in institutions, and the welfare of doctors grows by the day. It's time for cooler heads to prevail. The government and BDU must return to the negotiating table, not with threats, but with a shared commitment to resolve this crisis fairly and urgently.At the heart of this dispute lies a simple truth: doctors aren't just employees but guardians...