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Politics

INCREASE BANK DEPOSIT INSURANCE COVERAGE – CAMPOS

A bill seeking to double the maximum insurance protection of the country’s 63 million bank depositors has been filed at the House of Representatives. Makati City Rep. Luis Campos Jr. filed House Bill 5812, which proposes to increase the maximum deposit insurance coverage (MDIC) from P500,000 to P1 million per depositor per bank. “We have […]