Three teenage girls passed, watched the traffic light turn green and the oncoming cars accelerate and then strode into the middle of Union Street. “That’s how you cross a street,” one of the girls said over her shoulder to a reporter standing on the sidewalk.
The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963, by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing permanent and continuing deposit insurance up to the maximum deposit insurance coverage (MDIC) of R500,000, per depositor, per bank.
Flood insurance policy holders would do well to flood their savings accounts with extra dollars in the months ahead. Significant premium increases will take effect this October as part of changes to the National Flood Insurance Program.