The Philippines has no significant exposure to Greece having minimal trade with a mere 0.01% of total exports and only 0.02% of total imports from Greece in 2014.
Reports have been recieved from individuals being contacted by persons claiming to be DOF employees. Evidently, this is a type of scam to elicit information and funds from individuals by unlawfully using the name of the Department of Finance.
Clients can now transact with PDIC in one convenient place. It is intended for depositors filing a claim, borrowers settling loans, creditors following up claims against closed banks, or prospective buyers of assets for sale.
Also, to address the developments of the IT/BPM industry, the Senate is on its way to approve of a bill for the creation of the Department of Information and Communications Technology.
FinanceAsia forum in Hong Kong shows the Philippines’ positive economic performance and maps out its continued growth.
Philippine Investment and Infrastructure Roadshow flies to the United States on June 24 to 29.
The National Government’s budget balance in April 2015 was at a surplus of P52.6 billion, 35% or P28.3 billion lower than the surplus registered last year.
Delegates from APEC member economies meet in Bagac, Bataan for financial meetings hosted by the DOF.
The economy grew by 5.2% in the first quarter (Q1) of 2015, keeping the Aquino administration’s quarterly average at 6% growth.
The Philippine Deposit Insurance Corporation (PDIC) is reminding borrowers of the closed Community Rural Bank of Magsaysay (Davao del Sur), Inc. to continue paying their loans and transact only with authorized PDIC representatives. Borrowers may pay their loans and other obligations directly at any Philippine National Bank (PNB) Branch under account name, PDIC BURL COMMUNITY RB OF MAGSAYSAY.