PDIC maintains ISO certifications for bank examination, loan management processes
State deposit insurer, Philippine Deposit Insurance Corporation (PDIC) announced that it has maintained its ISO 9001:2015 quality management systems certification for bank examination and loan management following a surveillance audit conducted by France-based Socotec Certification International in Nov. 2023
PDIC to hold e-bidding of commercial and residential lots
The Philippine Deposit Insurance Corporation is set to bid-out 32 residential lots with improvements, 24 residential lots, two commercial lots with improvements, and a mixed residential/commercial lot with improvements through e-bidding starting July 26 until 27.
Marcos Jr. seals $1.3B in US investment pledges
President Ferdinand “Bongbong” Marcos Jr. will be bringing to the Philippines more than $1.3 billion worth of investment pledges following his recent five-day official visit to the United States, the Palace said.
Lucio Tan Group Records Highest Net Income in a Decade as Lucio Tan III Assumes Presidency
The group ended 2022 with a PhP25.1 billion attributable net income, which is a 24% increase from the previous year. LTG’s tobacco business contributed 61% of the total attributable net income, followed by Philippine National Bank (PNB) at Php6.61 billion
EVAP goes to Korea for International EV Expo
The trip to Korea was a significant milestone for the EVAP and the Philippine EV industry. The event was a testament to the commitment of the EVAP to promoting sustainable and eco-friendly transportation solutions in the Philippines.
US-based nuclear power energy firm to invest in PH
A leading nuclear energy company from the US has expressed interest in investing in the Philippines, following a meeting with President Ferdinand Ferdinand “Bongbong” Marcos Jr. in Washington.
PDIC reports faster deposit insurance payments in 2022
The Philippine Deposit Insurance Corporation (PDIC) was able to speed up the payment of deposit insurance claims for nine banks ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) in 2022.
Marcos to meet with onion importers, traders, farmers over ‘overpricing’
President Ferdinand “Bongbong” Marcos Jr. has ordered a stakeholders’ meeting for next week to discuss onions being sold at high prices, Malacañang said on Thursday.
Marcos Jr. wants explanation as eggs reach ‘unreasonable’ prices
President Ferdinand “Bongbong” Marcos Jr. on Tuesday said he wanted an explanation as to why egg prices have reached “unreasonable” prices despite sufficient supply.
PH agri sector needs better cold chain system—Marcos Jr.
President Ferdinand “Bongbong” Marcos Jr. on Tuesday raised the need for a better cold chain system in the country to bring down the prices of agricultural products.
SSS benefit disbursements up 13.2% to P236.3B in Jan-Nov 2022
The Social Security System (SSS) disbursed a total of P236.3 billion in benefits from January to November 2022, a growth of 13.2% from last year.
PDIC to bid out Luzon, Visayas residential and commercial lots on Jan. 19-20
The Philippine Deposit Insurance Corp. (PDIC) will accept bids for 45 residential and commercial lots located in various provinces of Luzon and Visayas on its e-bidding portal at https://assetsforsale.pdic.gov.ph starting at 9:00 am on Jan. 19, 2023 until 1:00 p.m. on Jan. 20, 2023, and shall be opened at 2:00 pm on Jan. 20, 2023.
PH’s Oct. 2022 unemployment rate drops to 4.5%
The country’s unemployment rate in October 2022 fell to pre-pandemic levels at 4.5 percent, the Philippine Statistics Authority said on Wednesday.
Marcos urges businessmen to invest in education, skills development
President Ferdinand “Bongbong” Marcos Jr. on Tuesday called on businessmen to invest in education and skills training to strengthen the country’s domestic industries.
PH’s November inflation fastest since 2008—PSA
The Philippine Statistics Authority (PSA) reported an 8 percent inflation for November 2022, the fastest in 14 years, as food prices in the country continued to increase.
NEDA chief says PH ‘concerned’ over inflation
By National Economic and Development Authority Secretary Arsenio Balisacan (OPS photo) The Philippines cannot escape the effects of recent developments in the global economy even as its government attempts to address inflation, Socioeconomic Planning Secretary and...