The Philippine Deposit Insurance Corp. (PDIC) has announced an increase in the maximum deposit insurance coverage (MDIC) for bank deposits, doubling it from P500,000 to P1 million per depositor per bank. According to Memorandum 2025-01 released on Friday, the higher MDIC will take effect on March 15. “The increase in the MDIC was approved by the PDIC Board of Directors …
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Philippine National Bank (PSE: PNB) posted its second year of high consolidated net income of P21.2 billion in 2024, increasing by 18% year-on-year as a result of sustained effort in strengthening the Bank’s core business. This translated to a return on equity of 10.39% percent, up from the 9.95% posted in 2023. Comprising 83% of total operating income, the Bank’s …
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Rizal Commercial Banking Corporation delivered net income of P9.5B for the full year 2024, with double-digit growth of 26% in net interest income and a 40% expansion in consumer loans. The Bank’s total resources reached P1.4T by end 2024. Net income growth, without the non-recurring gains in 2023, was at 13.6% year-on-year, as core business maintains momentum. The bank’s net …
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A recent win at Casino Plus has left players in awe as a lucky gambler secured the ₱99,999,999.99 Grand Jackpot on Jin Ji Bao Xi Gold with a ₱88 bet. Casino Plus Paid Out the Largest Jackpot Amount in 2024, further proving its commitment to rewarding its users. This jackpot is enough to finance the purchase of a brand-new car …
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Celebrating Progress, Partnership, and Future Growth Castrol and North Trend Marketing Corporation successfully concluded NATCON 2025: Always Forward with Castrol on January 25, 2025, at the Hilton Manila. The annual national convention brought together business partners, industry leaders, and stakeholders to celebrate achievements, strengthen partnerships, and share insights for the road ahead. Welcoming the Year with Progress and Innovation The …
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SM Development Corporation (SMDC) is taking significant steps to support the preservation and accessibility of cultural heritage, demonstrating its commitment beyond real estate. This vision is embodied in its landmark ₱100 million commitment over the next three years to support the preservation and enhancement of the National Museum. A significant part of this investment will fund structural improvements and conservation …
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Mindanao Container Terminal (MCT), International Container Terminal Services Inc.’s (ICTSI) business unit at the Port of Cagayan de Oro in the Philippines, recently started operating exclusively on solar power during daylight hours. MCT started sourcing solar power on 14 February under a retail supply contract with PrimeRES Energy Corporation within the Philippine energy department’s Retail Competition and Open Access (RCOA) …
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BingoPlus, your comprehensive digital gaming platform in the country, introduced this year’s aspiring Miss Universe Philippines. Around 69 beautiful and confident beauty queens were revealed at a hotel in Makati on February 15, 2025. Stunning delegates from all over the Philippines graced the stage and proudly stated their provinces and cities, garnering cheers from the audience. As the co-presenter of …
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Get Ready for the First Super Crazy Sale of the Year The wait is over as Landers Superstore kicks off the first Super Crazy Sale of 2025 from February 26 to March 2. Shoppers can look forward to massive discounts on over 5,000 items, along with exclusive dining deals and membership offers. Whether you’re stocking up on essentials or gearing …
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Celebrate love in all its forms this Love Month with MR.DIY’s “Love is in the Air” product highlights! From February 1-28, 2025, discover a variety of heartwarming items perfect for showing your appreciation to loved ones of all ages. Explore some of our featured picks: Mermaid and Penguin Plush Toys – Adorable companions for your special someone or little ones. …
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The Market Monitor Minding the Nation's Business