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Workers are seen inside a manufacturing facility in Sto. Tomas, Batangas, March 1, 2023. — PHILIPPINE STAR/KJ ROSALESBy Aubrey Rose A. Inosante, ReporterPHILIPPINE MANUFACTURING activity in February expanded at its slowest pace in 11 months amid softer growth in orders and output, data from S&P

BW FILE PHOTOREDUCING the reserve requirement ratio (RRR) for big banks will not necessarily lead to increased lending, Pantheon Macroeconomics said, as elevated interest rates continue to dampen demand for credit. “The thing is, RRR cuts are a supply-side measure, which doesn’t directly address the