A revolutionary digital-only bank launches in the Philippines 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.
Neobank Tonik has now launched in the Philippines ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
Press Release
Angara pushes for 100% increase in PDIC deposit insurance coverage
With more Filipinos now putting their money in banks, Senator Sonny Angara is looking to hike the deposit insurance coverage provided by the Philippine Deposit Insurance Corporation (PDIC) from the present P500,000 to P1 million per depositor.
Under Senate Bill 2089 filed by Angara, further amendments to the charter of the PDIC will be introduced in order to make it more responsive to the constantly changing financial landscape in the country.
Foremost among the proposed amendments is the increase in the deposit insurance coverage of PDIC to P1 million from the present P500,000.
House committee endorses bill authorizing PDIC to increase deposit insurance coverage – Manila Bulletin 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.
SEC releases draft implementing rules of FIST law gmanetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmanetwork.com Daily Mail and Mail on Sunday newspapers.