The People's Bank of China. [Photo/Agencies]
The SGCC also transferred the stations, located in Old and New Baliwet separately, to the Zambales II Electric Cooperative at the ceremony.
The People's Bank of China, the central bank, is now more confident about using flexible monetary policy tools to cope with an impending US funds rate hike later this week, without disturbing the predetermined financial deleveraging pace and interest rate reform, said economists.
The Pentagon acting chief said earlier that he had not received orders to begin to withdraw US troops from Afghanistan.
The Philippines, which holds the rotating chair of the Association of Southeast Asian Nations (ASEAN) this year, has committed to fast-tracking the RCEP that aims to tie together ASEAN's free trade agreements with each trading partners, including Australia, China, India, Japan, South Korea, and New Zealand.
The People's Bank of China injected 50 billion yuan into the market through seven-day reverse repos at an interest rate of 2.5 percent, and conducted 150 billion yuan of 14-day reverse repos at an interest rate of 2.65 percent.
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The RCEP agreement was formally signed on Nov 15 to launch the world's biggest free trade bloc. The 10-member ASEAN and its five free trade partners-China, Japan, South Korea, Australia and New Zealand-inked the agreement via video call in which all pledged to lower trade barriers and promote interregional relationships.
The People's Bank of China (PBOC) conducted 40 billion yuan (.8 billion) of seven-day reverse repos at an interest rate of 2.55 percent.
The People's Bank of China said in a statement that national commercial banks could use up to 2 percent of their cash reserves, which they keep with the central bank, for 30 days to cover short-term liquidity gaps during the coming Spring Festival, which will fall on Feb 16, 2018.
The Pyeongchang Games have "opened the door for peaceful dialogue on the Korean peninsula," and shown that "Olympic sport always builds bridges" and "never erects walls," Bach said.