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Banking industry remains healthy – PH gov’t

MANILA, Philippines (Xinhua) – The Philippine government assured investors on Friday that the banking industry in the country remains healthy despite the closure of a local bank. “The case of Export-Import Bank (EIB) is not indicative of the state of the banking industry in the entire country,” Deputy Spokesperson Abigail Valte said in a news briefing. Incoming search... 

P1.7-M robbery

Manila, Philippines – Two loan officers of a local bank in Naga City in Bicol lost some P1.7 million worth of cash when three armed robbers held them up, a police official said yesterday. Chief Supt. Agrimero Cruz, Jr., spokesman of the Philippine National Police (PNP), said the gunmen are on board a motorcycle, a usual mode of escape of criminals. Cruz said victims Ben-Ben Anonuevo...