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The BSP will cut the RRRs by 250 basis points (bps) for universal and commercial banks (U/KBs) and non-bank financial institutions with quasi-banking functions (NBQBs); 200 bps for digital banks; and 100 bps for thrift banks (TBs) and for rural banks and cooperative banks (RCBs).

The company on Thursday said in a statement its newest outlet located at SM City Cebu was “experiential” or “XPhawkplay,” in that it also sold official merchandise apart from Potato Corner products.