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AFPSLAI
The Armed Forces and Police Savings & Loan Association, Inc. ''(AFPSLAI)'' is a banking corporation in the Philippines associated with the Philippine military and police. As of 2016, it had 69 billion Philippine dollars in assets, which are exempt from taxes in the Philippines. Also as of 2016 there were 21 branches within the Philippines, along with and 50 extension offices. There were about 500,000 members. Any changes in its bylaws are required to be approved by the Bangko Sentral ng Pilipinas. The Savings and Loan has a reputation for offering tax-free, high yield dividend products to its members that are not insured by the PIDC. Quarterly contributions to the higher yielding investments are capped. Events In 1986, Noe S. Andaya was newly elected as president was elected to head the AFPSLAI. He wanted to increase its capitalization, and in order to do this two years later the association began granting a one percent finders' fee to encourage recruiters to get new depositor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corazon Aquino
Maria Corazon "Cory" Sumulong Cojuangco-Aquino (; ; January 25, 1933 – August 1, 2009) was a Filipina politician who served as the 11th president of the Philippines from 1986 to 1992. She was the most prominent figure of the 1986 People Power Revolution, which ended the two-decade rule of President Ferdinand Marcos and led to the establishment of the current democratic Fifth Philippine Republic. Corazon Aquino was married to Senator Benigno Aquino Jr., who was one of the most prominent critics of President Marcos. After the assassination of her husband on August 21, 1983, she emerged as leader of the opposition against the president. In late 1985, Marcos called for a snap election, and Aquino ran for president with former Senator Salvador Laurel as her running mate for vice president. After the election held on February 7, 1986, the Batasang Pambansa proclaimed Marcos and his running mate Arturo Tolentino as the winners, which prompted allegations of electoral fraud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calapan
Calapan, officially the City of Calapan ( fil, Lungsod ng Calapan), is a 3rd class Cities of the Philippines#Legal classification, component city and capital of the Provinces of the Philippines, province of Oriental Mindoro, Philippines. According to the 2020 census, it has a population of 145,786 people. The city serves as the gateway to the Oriental Mindoro province with the implementation of the Strong Republic Nautical Highway (SRNH) an integrated ferry project of then President Gloria Macapagal Arroyo that extends further to the southern part of the Philippines. The Calapan City Seaport is the largest and busiest seaport on Mindoro, Mindoro Island, which is just 45 minutes away by ferry boats and roll-on/roll-off (RORO) ships to-and-fro Batangas City International Seaport. Calapan is one of two cities in the Mimaropa region, the other being Puerto Princesa in Palawan. Calapan serves as the region's administrative center. It is also the center of commerce, industry, transp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armed Forces & Police Mutual Benefit Association, Inc
The Armed Forces & Police Mutual Benefit Association, Inc (AFPMBAI) started in 1949 as the Armed Forces of the Philippines Mutual Benefit System (AFPMBS) created by the AFP during the height of the anti-dissident campaign in Central Luzon. It was incorporated on September 1, 1965, and registered with the SEC as a non-stock corporation with the soldiers and later, the police, fire, jail management, and coast guard personnel as members. It was licensed by the Insurance Commission as a mutual benefit association that extends the benefit and services for the welfare and financial security of its members and their family. As an insurance arm of the AFP, PNP, BFP, BJMP, and PCG, the Association was authorized to engage in the business of life insurance. It started by offering a Basic Insurance of Php3,000 exclusively for members which due to a series of upgrading, is now called MBAI Protek Basic Insurance, approved by the Insurance Commission in August 2018. MBAI Protek protects all uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 Armed Forces Of The Philippines Corruption Scandal
The 2011 Armed Forces of the Philippines corruption scandal, also known as the "' scandal," was a political scandal involving the alleged misuse of military funds by high-ranking members of the Armed Forces of the Philippines (AFP). The system referred to a practice of giving millions of pesos to chiefs of staff when they retire. An estimated PHP1.5 billion in AFP funds were allegedly placed anomalously in an unaudited pool of discretionary resources. Under the system, AFP general Carlos Garcia was alleged to have plundered PHP303 million as head of the comptroller's office while former AFP chief of staff Angelo Reyes was alleged to have received PHP50 million as send-off money. The scandal led to the recommendation of filing of plunder charges against six retired generals and five other officers. The Philippine Department of Justice named the following in its recommendation to the Office of the Ombudsman: AFP chiefs Roy Cimatu and Diomedio Villanueva; retired military comptroller ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Savings Banks
Mutual may refer to: *Mutual organization, where as customers derive a right to profits and votes *Mutual information, the intersection of multiple information sets *Mutual insurance, where policyholders have certain "ownership" rights in the organization *Mutual fund, a professionally managed form of collective investments *Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies *Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. *Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints *Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from ''Shawn Mendes'' ;Place names *Mutual, Maryland, a community in the United States *Mutual, Ohio, a village in the United States *Mutual, Oklahoma, a town in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Military Of The Philippines
The Armed Forces of the Philippines (AFP) ( fil, Sandatahang Lakas ng Pilipinas) are the military forces of the Philippines. It consists of three main service branches; the Army, the Air Force, and the Navy (including the Marine Corps). The President of the Philippines is the Commander-in-Chief of the AFP and forms military policy with the Department of National Defense, an executive department acting as the principal organ by which military policy is carried out, while the Chief of Staff of the Armed Forces of the Philippines serves as the overall commander and the highest-ranking officer in the AFP. Founded under the National Defense Act of 1935, while tracing its roots to the Philippine Revolutionary Army, the AFP has played an integral part in the country's history. The AFP has also been involved in various conflicts, such as combatting rebellion against the Communist Party of the Philippines (CPP) and it's attached organizations, the New People's Army (NPA) and the Natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Law Enforcement In The Philippines
The Philippine National Police ( fil, Pambansang Pulisya ng Pilipinas, acronymed as PNP) is the armed national police force in the Philippines. Its national headquarters is located at Camp Crame in Bagong Lipunan ng Crame, Quezon City. Currently, it has approximately 220,000 personnel to police a population in excess of 100 million. The agency is administered and controlled by the National Police Commission and is part of the Department of the Interior and Local Government (DILG). Local police officers are operationally controlled by municipal mayors. DILG, on the other hand, organizes, trains and equips the PNP for the performance of police functions as a police force that is national in scope and civilian in character. The PNP was formed on January 29, 1991, when the Philippine Constabulary and the Integrated National Police were merged pursuant to Republic Act 6975 of 1990. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking In Asia
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous In developmental psychology and moral, political, and bioethical philosophy, autonomy, from , ''autonomos'', from αὐτο- ''auto-'' "self" and νόμος ''nomos'', "law", hence when combined understood to mean "one who gives oneself one's ow ... association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled wiktionary:Enterprise, enterprise".Statement on the Cooperative Identity. ''International Cooperative Alliance.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
