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The decline of PAL's assets was primarily due to a net decrease in property and equipment and advance payments to aircraft and engine manufacturers. On March 31, 2001, other current and noncurrent assets fell by 29% to ₱2,960.4Mand by 20% to ₱2,941.7M "due to the effect of re-measurement to the fair value of certain financial assets and ...
The Philippine government re-nationalized PAL in 1977, with the Government Service Insurance System holding a majority of PAL shares. Between 1979 and 1981, PAL built a series of mammoth aviation-related facilities around the periphery of the MIA as part of a comprehensive modernization program led by then-PAL President Roman A. Cruz. These ...
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
The Philippine National Bank (PNB, Filipino: Bangko Nasyonal ng Pilipinas; [3] Spanish: Banco Nacional Filipino; [4] Hokkien Chinese: 菲律賓國家銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Kok-ka Gûn-hâng) is a major Filipino bank based in Pasay in the Philippines. It was established by the Philippine government on July 22, 1916, during the ...
On December 27, 2024, a Bombardier DHC-8 Q400 operating as PAL Express flight 2P-2285 (RP-C5917) which came from Cebu experienced a “minor runway excursion” on Bacolod–Silay Airport upon landing at approximately 5:30 a.m. on Runway 03 due to heavy rainfall that significantly reduced braking efficiency. All passengers and crew on board ...
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.
Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .
In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...