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Insurance - News Articles
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Oct 20, 2008
Inquirer.net, Philippines -
By Doris Dumlao Philippine Deposit Insurance Corp. (PDIC) will unload idle assets in bulk to clean up its balance sheet, targeting to sell as much as P7 billion early next year. PDIC president Jose Nograles said the deposit insurer had commissioned state-owned Land Bank ... -
Oct 20, 2008
Inquirer.net, Philippines -
By Joel Guinto MANILA, Philippines -- President Gloria Macapagal-Arroyo convened the National Economic Development Authority (NEDA) cluster of her Cabinet and the National Food and Energy, and Price Coordinating Councils on Tuesday. Arroyo said that the government ... -
Oct 21, 2008
Inquirer.net, Philippines -
By Joel Guinto MANILA, Philippines -- President Gloria Macapagal-Arroyo has approved a proposal by her economic managers to increase the maximum coverage by the Philippine Deposit Insurance Corp. (PDIC) for bank deposits from P250,000 to P1million, Malaca?ang officials said Tuesday. ... -
Oct 21, 2008
GMA news.tv, Philippines -
MANILA, Philippines - President Gloria Macapagal-Arroyo on Tuesday pushed for a four-fold increase in deposit insurance coverage limit to enhance depositors' protection and to boost confidence in the local banking system amid the global economic turmoil. ... -
Oct 21, 2008
guardian.co.uk, UK -
MANILA, Oct 21 (Reuters) - The Philippines is planning a four-fold increase in bank deposit insurance to 1 million pesos ($20725) as part of measures to ensure stability in the financial system amid the global credit crisis, a senior official said on Tuesday. ... -
Oct 21, 2008
Forbes, NY -
MANILA, Oct 21 (Reuters) - The Philippines wants to increase bank deposit insurance to 1 million pesos, a four-fold rise from 250000 pesos, ... -
Oct 21, 2008
International Herald Tribune, France -
AP MANILA, Philippines: Philippine President Gloria Macapagal Arroyo is pushing for a fourfold increase in bank deposit insurance coverage in response to the global financial crisis. Executive Secretary Eduardo Ermita said Tuesday that Arroyo feels the move is a ... -
Oct 21, 2008
Reuters -
By Rosemarie Francisco MANILA, Oct 21 (Reuters) - The Philippines plans a four-fold increase in bank deposit insurance to 1 million pesos ($20725) as part ... -
Oct 21, 2008
GMA news.tv, Philippines -
MANILA, Philippines - Options for the government's equity infusion to the Philippine Deposite Insurance Corp. (PDIC) are under review following a proposal to increase insurance coverage to protect depositors from financial turbulence. Finance Secretary Margarito B Teves, ... -
Oct 21, 2008
Inquirer.net, Philippines -
This would still require new legislation. If approved by both houses, this move will increase confidence in the banking system by time deposit-loving Filipinos. Deposit insurance simply means if a bank goes pfft, you can still get your deposit up ...
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Tuesday, October 21, 2008
Business Mirror, Philippines -
THE Department of Finance is torn between shouldering the full cost of doubling the amount of deposits insured to P500,000 per account, as proposed by the Senate, or sharing the cost with bank depositors so as to blunt its impact on the budget deficit. ... -
Tuesday, October 21, 2008
BusinessWorld Online, Philippines -
BY ALEXIS DOUGLAS B. ROMERO, Reporter PRESIDENT GLORIA Macapagal-Arroyo has called for a substantial increase in the maximum deposit insurance coverage to P1 million — from the present P250,000 — in a bid to boost local confidence in banks amid a ... -
Tuesday, October 21, 2008
Philippine Star, Philippines -
By Paolo Romero President Arroyo is going to ask Congress to pass a law increasing deposit insurance coverage from the current P250,000 to P1 million through the infusion of as much as P50 billion from the national government as equity into the Philippine Deposit ... -
Tuesday, October 21, 2008
Business Mirror, Philippines -
TO give depositors a sense of security, President Arroyo on Tuesday approved a Cabinet proposal to push for an increase in the deposit insurance coverage of the Philippine Deposit Insurance Corp. (PDIC) from P250,000 to P1 million–twice the amount proposed by lawmakers. ... -
Tuesday, October 21, 2008
Inquirer.net, Philippines -
By Ambeth Ocampo After the semestral school break, I should really take the time to return to the University of the Philippines Main Library in Diliman, Quezon City, to take notes on the rest of the pseudonyms listed on those yellowing pieces of newsprint in ... -
Tuesday, October 21, 2008
Inquirer.net, Philippines -
By TJ Burgonio President Gloria Macapagal-Arroyo is supporting a proposal to increase the deposit insurance coverage to P1 million per depositor to shield depositors from possible bank closures arising from the global financial turmoil, her top aide said Tuesday. Executive ... -
Wednesday, October 22, 2008
Philippine Star, Philippines -
Crossing party lines, administration and opposition lawmakers expressed support today for the proposal of President Arroyo to increase the P250,000 ... -
Wednesday, October 22, 2008
Inquirer.net, Philippines -
By Joel Guinto MANILA, Philippines -- President Gloria Macapagal-Arroyo said the government will set up a P250-million livelihood fund in the even overseas ... -
Wednesday, October 22, 2008
ABS CBN News, Philippines -
An executive director of the Bankers' Association of the Philippines (BAP) on Wednesday said he supports President Arroyo’s proposal to quadruple bank deposit insurance as long as the regulatory environment is also strengthened to avoiding bank failures. “What I’m saying ... -
Wednesday, October 22, 2008
Forbes, NY -
MANILA, Oct 22 (Reuters) - The Philippines' president endorsed a plan to create a 100 billion peso ($2.1 billion) fund to help insulate the economy from a recession in the United States. Gloria Macapagal Arroyo said on Wednesday that ...
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