A local official of the Department of Trade and Industry-Negros Occidental appealed to traders not to take advantage of the Christmas holidays by unreasonably jacking up prices of basic and prime goods.

Max Ravena, chief of the Trade and Industry Regulatory Division, told the DAILY STAR that prices of thse commodities have been stable so far, this December based on their regular monitoring.

Basic and prime commodities include coffee, iodized salt, canned fish, detergent bar, laundry soap, processed milk and flour.

BSP registers P528 million in
eRediscounting releases

The Bangko Sentral ng Pilipinas said strong response of banks to its Electronic Rediscounting System launched mid-December increased its rediscounting loan portfolio by P528 million.

The BSP said in a report that 22 banks, including six universal and commercial banks, six thrift banks and 10 rural banks, have already participated in eRediscounting. It said that P457 million in rediscounting loans were released to Luzon, including National Capital Region; P67 million to Visayas; and P4 million to Mindanao banks.

BSP Governor Amando Tetangco Jr. said in a statement the e-Rediscounting system represents a milestone in servicing the liquidity needs of the banking community and the credit requirements of the public in an expanding economy.

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