The Federal Deposit Insurance Corporation (FDIC) of the United States and the Philippine Deposit Insurance Corporation (PDIC) have signed a joint communiqué for cross-border cooperation recognizing that depositor protection is the key element for the maintenance of financial stability. The two Agencies agreed to exchange information on policies, tool kits and best practices as allowed by their respective laws since such cooperation would be useful in promoting regional and global financial stability.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) is set to host the 39 th International Association of Deposit Insurers (IADI) Executive Council Meeting and International Conference on June 17 to 21, 2013 at the Makati Shangri-La. The hosting of the meeting coincides with the commemoration of PDIC’s 50 th Founding Anniversary on June 22.
Read MoreFor the month of May 2013, the BIR collected Php111.90 billion in tax revenues, Php17.35 Billion or 18.35% more than collections made in May 2012. Or, PhP 3.22 Billion or 2.8% less than the goal set for May 2013 of PhP 115.12 Billion.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) will lead the observance of the 11 th Depositor Protection and Awareness Week (DPAW) on June 16 to 22 with the theme, “PDIC: Committed to Serve”. This will culminate on June 22, the 50 th founding anniversary of the Corporation, which ushers five decades of providing depositor protection and financial stability in the banking system.
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against JOSELITO J. NICOLAS (NICOLAS)for willful attempt to evade or defeat tax, deliberate failure to file Income Tax Returns (ITR) for taxable years 2009, 2011 and 2012, deliberate failure to file Percentage Tax Return for the 1st quarter of taxable year 2009, deliberate failure to file Value Added Tax (VAT) Returns for the 2nd, 3rd and 4th quarters of taxable year 2009, for the taxable year 2011, and for the 4th quarter of taxable year 2012, in violation of Sections254, 255 and 275 of the National Internal Revenue Code of 1997, as amended (Tax Code).
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