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On January 22, 1940, the Second National Assembly of the Philippine Commonwealth enacted the Philippine Immigration Act of 1940 (Commonwealth Act No. 613). It was signed into law by the President of the United States on September 3, 1940, creating the Bureau of Immigration under the administrative supervision of the Office of the President.
In the 1970s, Security Bank issued its first credit card, introducing the Philippines to Diners Club (until Security Bank sold Diners Club's exclusive rights in the Philippines to its rival, BDO Unibank in 2016). [12] It also marked the start of the bank's trust offerings, many of which were deemed innovative, and still survive today as pre ...
The Bureau of Immigration Bicutan Detention Center (BI–Bicutan) [4] is the principal immigration detention center administered by the Bureau of Immigration of the Philippines. Located inside Camp Bagong Diwa , in Lower Bicutan , Taguig , the facility is known internally as the Warden Facility and Protection Unit ( WFPU ). [ 5 ]
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
On June 17, 1950, Equitable Banking Corporation was founded by Go Kim Pah [1] as the first commercial bank in the Philippines, licensed by the newly formed Central Bank of the Philippines (now Bangko Sentral ng Pilipinas). Other commercial banks like Bank of the Philippine Islands were formed and licensed during the Spanish or American regimes ...
The Illegal Immigration Reform and Immigrant Responsibility Act of 1996 required the Immigration and Naturalization Services (that would later be restructured as the U.S. Department of Homeland Security and its sub-agency, United States Citizenship and Immigration Services) to cooperate with federal, state, and local agencies to determine the ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
The bank issued a statement that they were resolving the issue and assured that its clients would not lose any money. [3] BPI's stocks in the Philippine Stock Exchange remained unaffected in response to the incident. Luis Limlingan, head of research and sales at Regina Capital Development Corporation viewed that most investors could have seen ...