Rural Bank of Datu Paglas prohibited from doing business

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Rural Bank of Datu Paglas prohibited from doing business  The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) prohibited Rural Bank of Datu Paglas from doing business in the Philippines through Resolution No. 1110.A dated Aug 26, 2021, which also directed the PDIC as Receiver to proceed with the takeover and liquidation of the … Read more

Pag-asa Island

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Pag-asa Island: “Know your Philippine Features at the Kalayaan Island Group (KIG)” Pag-asa literally means “Hope” and internationally known as “Thitu Island”. With an area of 37.2 hectares, it is the largest of the Philippine-administered islands. It lies about 480 kilometers (300 miles) west of Puerto Princesa City. The Philippine government formally established the Municipality … Read more

Lawak Island

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Lawak Island Lawak literally means “Vastness“and internationally known as “Nanshan Island”. It has an area of 7.93 hectares (79.300 Square Meter). It is located 98 miles (158 kilometers) east of Pag-asa Island. This island is a bird sanctuary. It has a small lagoon where young birds practice to wade and dive, safe from predators of … Read more

Rizal Reef

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Rizal Reef is Internationally known as “Commodore Reef”. It appears as two atolls joined by a reef. It is located west of Balabac, about 110 nautical miles (203.72 kilometers), and near the Malaysian border. It is a typical reef lying underwater and the existing structures and facilities in this area are manned by the AFP. … Read more

Panata Island

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Panata Island: Know your Philippine features at the Kalayaan Island Group (KIG) Panata literally means “Oath“ and internationally known as “Lankiam Cay”. It has an area of 0.44 hectare and is located about 7 nautical miles (12.96 kilometers) east northeast of Kota Island. At one time the island had a surface area of more than … Read more