Right after super typhoon “Yolanda” left the country greatly devastated, the Insurance Commission, together with industry stakeholders, immediately approved and implemented the program, “Agarang Proseso, Benepisyo ay Sigurado” to address the victims’ urgent need of any relief available.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) will service the deposit insurance claims of depositors of the closed Rural Bank of Hagonoy (Davao del Sur), Inc. on October 10, 11 and 14, 2013, from 7:30 a.m. to 3:00 p.m. Servicing of claims will be conducted at the bank’s premises located in Guihing, Hagonoy, Davao del Sur.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of San Jose Del Monte (Bulacan), Inc. at the PDIC Claims Counter, 4 th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City. Claims may also be filed through mail.
Read More“We are pleased to find out that Moody’s Investors Service, after much deliberation, has raised the Philippines to an investment grade rating, with a positive outlook. The Philippines’ sound fiscal and monetary policy have been validated yet again, proof that President Aquino’s goal to restore confidence in the Philippines and revitalize the economy has been a success.
Read MoreIn the last quarter of 2012, President Aquino directed the Governance Commission for GOCCs (GCG) to focus its evaluation on several GOCCs for possible abolition or privatization. Among those GOCCs ordered evaluated were the recently PDAF controversy linked GOCCs which involved fund releases under the previous administration from 2007 to 2009, namely: National Agribusiness Corporation (NABCOR), Zamboanga del Norte College Rubber Estates Corp. (ZREC), Technology Resources Center (TRC), National Livelihood Development Corp. (NLDC), and Philippine Forest Corporation (PFC). Based on 2012 unaudited reports, these GOCCs have a combined net worth of approximately P3.43 Billion.
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