Diokno backs transfer of PDIC, IC to BSP mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Former Monetary Board member of the Bangko Sentral ng Pilipinas (BSP), ex-Deputy Governor Juan de Zuñiga Jr., has a new job as director of Philippine Deposit Insurance Corp. (PDIC), banking sector co-regulator.
Atty-Jun-de-Zuñiga Zuñiga said Wednesday that he “welcomes the new position.” “I
BSP looking to help rural banks manage risks as more lenders consolidate bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published July 13, 2021, 12:20 PM
State-run National Transmission Corp. (Transco) plans to remit the company’s entire profit to the government’s coffers to help fund the country’s coronavirus response programs, the Department of Finance (DOF) revealed.
In a statement, the finance department said on Tuesday, July 13, that Transco will secure the approval of its board to comply with the DOF’s directive increasing the dividend remittance of the company for 2020 to 75 percent of its net earnings.
But instead of just 75 percent, Melvin Matibag, Transco president and chief executive officer said in his letter to Finance Secretary Carlos G. Dominguez III that they are “even open” to shell-out 100 percent of its net income last year for COVID-19 response.
BPI merger with thrift unit exempted from competition watchdog s review bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.