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P115 million worth of properties up for auction
State-run Philippine Deposit Insurance Corp. is set to dispose P115.1 million worth of various properties of padlocked banks......»»
Cebu BRT tussle: Gwen says Capitol owns lots along Osmeña Boulevard
CEBU CITY, Philippines — As far as the Cebu Provincial government is concerned, they rightfully owned the lots along Osmeña Boulevard. This is the latest round of squabble among present and former officials of the Cebu City government and the Capitol over the construction of the Bus Rapid Transit (BRT) along Osmeña Boulevard. READ: Rama.....»»
PDIC extends loan incentive program for closed bank borrowers
PDIC extends loan incentive program for closed bank borrowers.....»»
Explained: PDIC and How It Works
At some point, I’m sure you’ve seen the acronym “PDIC” and “PHP500,000” together somewhere, especially if you’re constantly in digital banking apps or physical branches up and about. In the world of finance, understanding mechanisms that safeguard your hard-earned money is of utmost importance. One key player in this domain is the Philippine Deposit Insurance […].....»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
Painting ni Heart Evangelista, ipapa-auction
Ang bongga talaga ni Heart Evangelista! The post Painting ni Heart Evangelista, ipapa-auction first appeared on Abante......»»
Brownlee to auction off Asian Games jersey, shoes for charity
Justin Brownlee aims to raise millions for charity as he plans to auction off the jersey and shoes he wore when he steered Gilas Pilipinas to a dramatic come-from-behind win over host China in the Asian Games.....»»
DOE slates 3rd round of Green Energy Auction
Another round of the Green Energy Auction will be conducted this year as part of the country’s utilization of renewable energy resources and attainment of energy security and reliability, the Department of Energy said......»»
Banksy triptych, grand piano: Elton John puts items up for auction
Most of the items come from John's former home in Atlanta, a condo on Peachtree Road that was recently sold, the auction house said Thursday......»»
Government raises P330 million from asset disposals in 2023
The Philippine Deposit Insurance Corp. raised some P330 million from disposing assets of padlocked banks last year......»»
PDIC settles P614 million in deposit insurance claims
State-run Philippine Deposit Insurance Corp. has settled P614 million in deposit insurance covering 15,796 accounts from padlock banks in 2023......»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Tomas Osmeña threatens to sue Gwen over stoppage of CBRT works
CEBU CITY, Philippines — “We’ll see each other in court.” This was the statement of former Cebu City mayor Tomas Osmeña addressed to Cebu Governor Gwendolyn Garcia, in relation to Garcia’s call on stopping the ongoing construction of the Cebu Bus Rapid Transit (CBRT) on province-owned lots along Osmeña Boulevard. “If the governor would insist.....»»
Tomas Osmeña threatens sue Gwen over stoppage of CBRT works
CEBU CITY, Philippines — “We’ll see each other in court.” This was the statement of former Cebu City mayor Tomas Osmeña addressed to Cebu Governor Gwendolyn Garcia, in relation to Garcia’s call on stopping the ongoing construction of the Cebu Bus Rapid Transit (CBRT) on province-owned lots along Osmeña Boulevard. “If the governor would insist.....»»
Mayor Chan promises legal assistance to swindling victims
LAPU-LAPU CITY, CEBU — The Lapu-Lapu City Government, through the City Legal Office (CLO), promised to provide legal assistance against an alleged swindler, along with her accomplice, after they repeatedly sold lots with questionable status in Barangay Canjulao. On Monday, February 19, the alleged swindler faced around 15 individuals who were her victims, with the.....»»
Firm illegally sending OFWs to Poland padlocked
For reportedly illegally sending overseas Filipino workers to Poland, the Department of Migrant Workers shut down yesterday a consultancy firm in Makati......»»
DMW closes travel agency over fake overseas jobs
A travel agency was padlocked by the Department of Migrant Workers yesterday for allegedly offering fictitious overseas jobs to Filipino workers......»»
PDIC studying increase in bank deposit protection limit
The Philippine Deposit Insurance Corp said that it is conducting a study to determine if the current protection limit of P500,000 should be increased along with the introduction of other measures to “instill market discipline”......»»