Business News

Kasunod ng paggunita sa Undras; 2 bangko sa Batangas, isinara ng BSP-MB

By JOENALD MEDINA RAYOS LEMERY, Batangas – TILA nakakita ng multo o anumang kababalaghan ang mahigit isang libong karaniwang mamamayan sa bayang ito at mga karatig-bayan sa Unang Distrito ng Batangas sa pagsapit paggunita ng Undras at masundan ng kung anong kamalasan pagsapit ng Lunes, Nobyembre 4. Ito’y matapos bumulaga sa kanila ang anunsyo ng […]

Business News

Bangko Sentral closes Lemery Bank

By JOENALD MEDINA RAYOS LEMERY, Batangas – WHILE the government reported that the annual inflation rate edged down to 0.8 percent in October 2019 and is the lowest inflation rate since April 2016, economy’s metrics may have different movement in the banking sector particularly, in the countryside. As the Filipino families went to cemeteries to […]

Business

PDIC advises borrowers of Rural Bank of Mabitac (Laguna), Inc. to pay their obligations

THE Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Rural Bank of Mabitac (Laguna), Inc., reminded borrowers of the bank that they are under obligation to pay their loans notwithstanding the closure of the bank. PDIC advised borrowers to transact only with authorized PDIC representatives, emphasizing that it has not engaged any person, […]

Business News

PDIC sets deadline for filing claims vs. Women’s RB’s assets

By JOENALD MEDINA RAYOS CALLING the attention of Batangas’ creditors and investors who may have infused capital or with any claims against the closed Women’s Rural Bank, Inc. The Philippine Deposit Insurance Corporation (PDIC), the liquidator of the closed Women’s Rural Bank, announced that creditors of the closed bank may only file their claims against […]

Business

3 more banks closed in a week; P1.3B deposits put on hold

 By JOENALD MEDINA RAYOS  Banking industry in the countryside is experiencing another blows over the week as the Monetary Board of the Bangko Sentral ng Pilipinas is prohibiting more banks from doing business in the country and putting them under the receivership of the Philippine Deposit Insurance Corporation (PDIC) for a consequent liquidation. As of […]

Business News

BSP, nag-strike 3 sa Batangas; TRBI sarado na rin!

By JOENALD MEDINA RAYOS STO. TOMAS, Batangas – BAGO pa lamang nagsisimulang magbayad ang Philippine Deposit Insurance Corporation (PDIC) ng mga valid deposits ng nagsarang Women’s Rural Bank, Inc., isa na namang bangko rural sa Batangas na may operasyon sa Southern Luzon ang ipinasara ng Bangko Sentral ng Pilipinas nitong Huwebes, Agosto 2, 2018. Sa […]

Business News

Bangko sa Batangas, isinara ng BSP; 4,300 depositor apektado

By JOENALD MEDINA RAYOS ROSARIO, Batangas – PANIBAGONG dagok sa sektor ng pagbabangko at sa may 4,300 depositor sa lalawigan ng Batangas ang pagsasara ng isa pang rural bank sa lalawigan nitong nakaraang Biyernes a-trese. Ito ang ikalwang rural bank sa Batangas ngayong 2018 at ika-apat sa loob ng 16 buwan. Sa bisa ng Resolution […]

Business

PDIC urges depositors of RB Siaton to file their claims for deposit insurance by July 9

THE Philippine Deposit Insurance Corporation (PDIC) urged depositors of the closed  Rural Bank of Siaton (Negros Oriental), Inc. to file their deposit insurance claims on or before the last day for filing of claims for insured deposits on July 9, 2018 either through mail addressed to the PDIC Public Assistance Department, 6th Floor, SSS Bldg., 6782 […]

Business

PDIC raises PHP14.2-M from public bidding of assets

THE Philippine Deposit Insurance Corporation (PDIC) generated a total of Php 14.2 million from the sale of 31 closed banks’ properties at its public bidding held last May 24, 2018 in Cabanatuan City, Nueva Ecija. The bidding yielded an aggregate premium of Php 1.4 million against the aggregate minimum disposal price of Php 12.8 million. Sold […]

Business

PDIC urges creditors of RB La Trinidad to claim payment approved by the Liquidation Court

THE Philippine Deposit Insurance Corporation (PDIC) started to process and settle claims of creditors of the closed Rural Bank of La Trinidad (Benguet), Inc. in April 2018 to implement the Order of the Liquidation Court (Regional Trial Court, First Judicial Region, Branch 10) that approved the closed bank’s Revised Partial Asset Distribution Plan. All creditors […]