BSP offers loan relief amid energy crisis

MANILA, Philippines — Borrowers and banks strained by the economic fallout from the Middle East crisis may access temporary loan relief, the Bangko Sentral ng Pilipinas (BSP) said, as it urged lenders to lower the cost of online fund transfers during the difficult period. In Memorandum No. M-2026-014 signed on April 14, Gov. Eli Remolona