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MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP), as expected, kept policy rates unchanged Monday given a better outlook on near-term price conditions. The central banks policy-making Monetary Board kept the overnight borrowing or reverse repurchase (RRP) rate at 6% and the overnight lending or repurchase (RP) rate at 8%. Interest rates on term RRPs, RPs and special deposit accounts were also left unchanged. The move snapped a streak of three rate hikes totalling 100 basis points since June, made on account of rising inflation that hit a near 17-year high of 12.5% in August

Fiji hotels gear up for Bilibili Race
October 07, 2008
The 2008 Bilibili race is expected to be bigger and better this weekend, attracting thousands of fans at the banks of the Sigatoka River on Friday.With new sponsors Vodafone Fiji on board, organizers forecast another stand still at Sigatoka Town when locals and tourists mingle together to enjoy sports at the banks of the Sigatoka River.It is also the annual sports day for hotel employees in Fiji-most of them the lone day to have a day-off from their busy daily schedules of serving tourists.Event coordinator Unaisi Murray confirmed said a 20 kilometre relay would kick-start the one-day sports carnival. Each team will consist of 10 runners; three females and seven males from the Hideaway resort to Sigatoka Town, Murray added. There s a lot of positive response towards this event, we re all looking forward to the big day

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