The Philippines Today, Yesterday, and Tomorrow
Digital Banking in the Philippines Digital Banking Overview in the Philippines Digital banks are seen to play a vital role in adopting new technological innovations in financial services that will reach more Filipinos, achieving financial goals by 2023. What is a Digital Bank? Digital bank is a bank with no physical branches/sub-branch or branch-lite … Read more
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: “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 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 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