Day: May 21, 2025

Manila: Islamic banks (IBs) and Islamic banking units (IBUs) are now officially included in the country’s deposit insurance system, as announced by the Philippine Deposit Insurance Corporation (PDIC). Deposits in these banks will be insured similarly to conventional deposits, with coverage up to the maximum deposit insurance coverage (MDIC) of PHP1 million per depositor, per bank. According to Philippines News Agency, PDIC emphasized that the inclusion of Islamic deposits under the deposit insurance scheme ensures that depositors in Islamic banks receive the same level of protection as those in conventional banks. This move is aimed at fostering confidence in the

Makati City: The Department of Tourism (DOT) is set to provide qualified Filipino senior citizens with training and job opportunities in the field of tourism. This program will form part of the memorandum of understanding (MOU) signed between DOT and the National Commission of Senior Citizens (NCSC) in Makati City on Wednesday. According to Philippines News Agency, through this partnership, the DOT will activate its regional offices to include senior citizens in its training for tourism stakeholders. “They simply have to approach our regional offices or the NCSC and we can definitely include them in our training modules,” Tourism Secretary

Malaca±ang: Malaca±ang on Wednesday invited qualified young Filipinos to experience public service and take part in the paid internship program of the Department of Social Welfare and Development (DSWD). According to Philippines News Agency, Palace Press Officer Claire Castro encouraged eligible students to take advantage of the DSWD’s Government Internship Program (GIP), noting the program’s dual benefit of training and income. The GIP is designed to equip the youth with practical skills for employment – particularly in government offices – while providing financial support. Application is open to college students aged 18 to 25, preferably incoming third- and fourth-year students

Manila: Senate Deputy Minority Leader Risa Hontiveros expressed her willingness to lead the minority in the 20th Congress, emphasizing that any Senate reorganization depends on numbers and individual choices. According to Philippines News Agency, Hontiveros mentioned during the Kapihan sa Senado forum that the aspiration of any minority member in an outgoing Congress is to gain additional allied senators. She noted that the group with the next largest number after the majority could claim the minority role, and she is prepared to form an independent bloc if necessary. Hontiveros ruled out joining the majority, highlighting her consistent stance over the

Manila: National Food Authority (NFA) Administrator Larry Lacson has directed immediate action to purchase palay (unhusked rice) in regions where traders are offering farmers significantly low prices. This move aims to protect farmers during the peak dry harvest season, as the Department of Agriculture (DA) investigates allegations of traders exploiting local rice farmers with prices falling below PHP15 per kilogram. According to Philippines News Agency, the lowest reported buying price by traders as of April 30 was in Bataan at PHP13.50 per kg. Other regions experiencing similar low prices include Cagayan, Allacapan, Kalinga, Nueva Vizcaya, Ifugao, and Quirino in Cagayan