MANILA, Philippines— Hours before Metro Manila implements a month-long lockdown, the Bangko Sentral ng Pilipinas (BSP) has assured depositors that banks have sufficient cash to service their needs. As a matter of banking policy, banks keep a certain amount of reserves with BSP which regulators can tap in times of distress. Malls to open on SundayMeanwhile, after much confusion whether a curfew on Metro Manila will be implemented with the lockdown, shopping malls have decided to remain open on Sunday, albeit operating on limited hours. The mall chain, the country's biggest, has 23 malls located in Metro Manila. Early on Saturday, the Metro Manila Council, composed of the area's 16 mayors, recommended the imposition of a nine-hour curfew in NCR during the lockdown period.

Source: Philippine Star March 14, 2020 12:33 UTC