NOMADIC Bedouin tribes have flourished because of oases, where exhausted travelers take refuge.
After facing the wrath of a volcano and a deadly virus, the Filipino people could use an oasis these days, especially as cash flow is drying up. The Bangko Sentral ng Pilipinas (BSP) may have found one.
With the economic recession, monetary authorities decided to provide some relief by putting a ceiling on interest rates for credit card transactions. It is among the recent initiatives of the BSP to rejuvenate an economic desert.