You’re almost ready to make your first investment in bonds. In Part 1 of this series, you learned what bonds are; in Part 2, you … Read More
A PMT Forum member posted that a branch of the Philippine Bank of Communications (PBCom) in Binondo, Manila got flooded due to typhoon Ondoy.
As a result, many of the valuables entrusted by clients in PBCom’s safety deposit boxes (SDB) were allegedly submerged and damaged. The bank is supposedly waiving any liability, claiming that this was caused by “an act of God.”
If the report of the Metro Manila Inter-Agency Committee on Informal Settlers (MMIAC) is to be believed, one out of every five residents in Metro Manila is a squatter.
The Inquirer quoted a report of the MMIAC saying that there are more than 544,609 households of informal settlers in Metro Manila, representing 21% of the total 2.6 million households population.
The Unionbank of the Philippines (UBP) will be issuing P5 billion worth of unsecured, subordinated Tier 2 notes with a 7.375% net interest rate per annum.
The offer date is up to Tuesday, October 6, 2009 and the issue date is on October 14, 2009.
The company said proceeds from the notes will be used in the expansion of its consumer loans portfolio.
What is a Tier 2 Note?
Here are several ways you can make a cash donation to typhoon victims in the Philippines.
Please make sure you are transacting with the correct organization. There have been reports of scamming incidents targeting potential donors to typhoon victims in the Philippines.
Marikina City, Philippines — Provident Village is unfortunately now becoming famous for being one of the hardest-hit areas in Metro Manila by Typhoon Ondoy.
Here are some pictures of tropical storm Ondoy battering the village and its impact on the residents.
You’ve probably seen that moving video of a woman on the roof of her car during the flood in UERM, Sta. Mesa Manila.
Less-talked about, however, is the man on the same video hanging onto a coconut tree while the cars around him swirl and get drowned.
And there’s one gripping photo of what seems to be a dead body of a woman in Marikina still lying on the street a day after the typhoon hit their area.
These are just some of the unfortunate stories brought by Typhoon Ondoy which devastated parts of Metro Manila, particularly, Marikina, Pasig, and Rizal.
Some more photos of the Ondoy (international name: Ketsana) in the link below.
Manila, Philippines — Tropical storm Ondoy (International Name: Ketsana) hit Luzon and parts of Metro Manila on Saturday, September 26 and brought flood, jammed traffic, landslides, and deaths.
Waist-deep flood waters caused cars to stall in the middle of highways. People walked due to lack of public transport and impassable traffic. Residents were forced to stay on the rooftops of their houses due to submerged first- or second-floors. The National Disaster Coordinating Council (NDCC) reported 240 deaths as of Tuesday, September 29. Many more are missing.
Here are some pics and videos we gathered online showing the impact of typhoon Ondoy in the Philippines.
See also: Bagyong Ondoy lashes the Philippines (PICTURES)
