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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 […].....»»

Category: newsSource:  metrocebuRelated NewsJan 29th, 2024

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.....»»

Category: newsSource:  sunstarRelated NewsJan 13th, 2024

PNB asset sale seen to yield P5.4 billion

Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

ED attaches assets under PMLA in Kamla Landmarc case

Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»

Category: lifestyleSource:  abscbnRelated NewsMar 1st, 2024

ED attaches assets under PMLA in Kamla Landmarc case

Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»

Category: sportsSource:  abscbnRelated NewsMar 1st, 2024

Andrea umapir sa live selling

Na shookt ang mga live viewer ng online selling ng sales and marketing team ng sariling makeup brand ni Andrea Brillantes. Biglang umapir ito at bumati sa mga prospective online buyers. The post Andrea umapir sa live selling first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 5th, 2024

Meralco powers up profit by 37 percent in 2023

Manila Electric Co., the country’s biggest power utility, said its core earnings went up by 37 percent to P37.1 billion last year, powered by contributions from its power generation and retail electricity businesses, as well as the continued increase in energy sold by its distribution utility business......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

AMLC freezes assets of 8 terrorist groups

The Anti-Money Laundering Council has issued orders to freeze the assets of eight groups and a person designated as terrorists by the Anti-Terrorism Council......»»

Category: newsSource:  philstarRelated NewsApr 18th, 2024

Recto revives plan to sell NAIA assets

Finance Secretary Ralph Recto has revived plans to sell the assets of the Ninoy Aquino International Airport and turn it into a new business district to generate additional revenues for state coffers......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2024

Bank assets grow 10 percent to P24.8 trillion

Philippine banks’ assets grew by 10.3 percent to P24.81 trillion in January from the P22.49 trillion recorded a year ago, according to data from the Bangko Sentral ng Pilipinas,.....»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

West divided over seizing Russian assets - Bloomberg

France and Germany have warned that outright confiscation would reflect badly on the West's financial system A rift is growing between Western allies over confiscating frozen Russian assets to help Ukraine as they continue to argue over legal ways to use the immobilized funds, Bloomberg reported on Wednesday.  &n.....»»

Category: sportsSource:  abscbnRelated NewsMar 1st, 2024

Resilient facilities, adequate rescue assets, among priorities in DRRM, says OCD chief

Resilient facilities, adequate rescue assets, among priorities in DRRM, says OCD chief.....»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

Converge ICT Solutions, Dito Telecommunity sign Master Facilities Provisioning DEAL to share assets

Converge ICT Solutions, Dito Telecommunity sign Master Facilities Provisioning DEAL to share assets.....»»

Category: newsSource:  sunstarRelated NewsJan 13th, 2024

Converge, Dito agree to share cable assets

Connectivity firms Converge ICT Solutions Inc. and Dito Telecommunity Corp. have decided to work together and have signed an agreement to share their cable assets to expand their coverage and improve services......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

BAP selling PDS stake ‘at right conditions’

The Bankers Association of the Philippines is keen on selling its stake in the Philippine Dealing System Holdings Corp. to the Philippine Stock Exchange Inc. at the right conditions......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Nigerian student caught selling neighbor’s stolen gadgets in Cebu City

CEBU CITY, Philippines — A Nigerian national, who is studying at one of the universities in Cebu City, was caught on Wednesday, April 17, 2024, in the act of selling over P100,000 worth of gadgets that he allegedly stole from his neighbor in Barangay Sambag 2. The arrested person was identified as 23-year-old Chidera Nwike,.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2024

8 arrested in Cebu for selling counterfeit butane, fake STL tickets

8 arrested in Cebu for selling counterfeit butane, fake STL tickets.....»»

Category: newsSource:  sunstarRelated NewsMar 16th, 2024

Best-selling Manga na ‘Parasyte’ may live-action series na sa April 5

MAGKAKAROON na ng live-action adaptation ang best-selling Manga na “Parasyte.” Ang kapanapanabik na intense battle sa pagitan ng parasites at humans ay masasaksihan sa titulong “Parasyte: The Grey” na nakatakdang ipalabas sa Netflix sa darating na April 5. At bilang teaser ng upcoming series, inilabas na ng streaming service ang official trailer at poster nito......»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2024

NFA mulls hike in selling price

The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Man arrested for ‘selling’ fake STL tickets

Man arrested for ‘selling’ fake STL tickets.....»»

Category: newsSource:  sunstarRelated NewsMar 1st, 2024