The Philippine Deposit Insurance Corporation (PDIC) announced on Wednesday, May 21, that the state deposit insurer has expanded its coverage to Islamic banks (IBs) and Islamic banking units (IBUs). As announced through Bulletin 2024-09, IBs and IBUs in the Philippines are “now officially covered...
Photo shows flooded areas in Naga City, Camarines Sur due to Severe Tropical Storm "Kristine" during an aerial survey conducted by the Armed Forces of the Philippines (AFP) on Oct. 28, 2024. (Photo: AFP) A neophyte solon in the 19th Congress...
Small-scale mining is a lucrative business but is, unfortunately, also a very risky occupation. In the Philippines, small-scale and pocket mining is practiced in more than 30 provinces, employs up to 500,000 miners, and supports the livelihood of another two million people across the nation. * The...
With 271 affirmative votes, the measure mandating full insurance coverage to farmer-beneficiaries of the Comprehensive Agrarian Reform Program (CARP) during natural calamities was passed on third and final reading on Tuesday, Jan. 31. (MANILA BULLETIN) Approved during Tuesday's plenary session was...
Senator Sherwin Gatchalian has filed a bill seeking to provide construction workers with mandatory insurance coverage in consideration of the hazards they face within their workplace. In filing Senate Bill No. 821 or the proposed Construction Workers Insurance Act, Gatchalian seeks to require...
Senator Sonny Angara is pushing for the measure seeking to increase the deposit insurance coverage provided for by the Philippine Deposit Insurance Corp. (PDIC). Sen. Sonny Angara (Alexis Nueva España / Senate PRIB / FILE PHOTO) With more Filipinos now putting their money in banks, Angara said the...
