Showing posts sorted by relevance for query China. Sort by date Show all posts
Showing posts sorted by relevance for query China. Sort by date Show all posts

The question of why the island often referred to as "Taiwan" isn't consistently called "Republic of China" in international discourse is a deeply complex and politically charged issue. It's a narrative woven from historical conflicts, evolving diplomatic relations, and distinct national identities.



The Name "Taiwan": An Indigenous Origin

The name "Taiwan" itself has a fascinating origin, believed to date back to the Dutch colonial era in the 17th century. It is thought to be derived from the name of a local indigenous tribe called "Tayouan" or "Taivoan."

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Early Names: Before the Dutch arrived, the island was known by various names, including Xiaodong dao (little eastern island) and Dahui guo (the country of Dahui).

The Dutch Arrival: The Dutch East India Company established a colony in southwestern Taiwan in 1624, near present-day Tainan.

"Tayouan" as a Place: The Dutch named this settlement "Tayouan" or "Taijowan," likely based on the Taivoan indigenous people.

Adoption by Chinese: This name "Tayouan" was subsequently adopted by the Chinese, particularly the Minnan Chinese (Hokkien speakers), evolving into the familiar "Taiwan" (臺灣 or 台灣).

Official Usage: The Chinese name "Taiwan" became official during the Qing dynasty in 1684 with the establishment of Taiwan Prefecture.

Modern Usage: While the official name of the island's governing entity is the Republic of China (ROC), "Taiwan" is the name most commonly used in English and many other languages globally.

Visit my Ultimate Taiwan Travel Guide to learn more.



The "One China" Principle: An Unfinished Civil War?

The deeper political complexity stems from the Chinese Civil War. The perspective from mainland China (People's Republic of China - PRC) asserts that there is only "One China," and Taiwan is an inalienable part of it. This view posits that both the Communist Party of China (CPC) under Mao Zedong and the Kuomintang (KMT) under Chiang Kai-shek, despite their conflict, agreed on the principle of a single China, differing only on who held legitimate rule.

The current situation is often characterized by Beijing as an "unfinished civil war." In the 1950s, after the KMT retreated to Taiwan, Chiang Kai-shek sought opportunities to reclaim the mainland, including during the Korean War. However, the U.S. reportedly warned against and prohibited such actions, as a divided China was seen as serving U.S. interests.

Decades later, power dynamics shifted. As mainland China's national power surpassed Taiwan's, the prospect of reclaiming the mainland became increasingly unrealistic for Taipei. This historical trajectory, from Beijing's viewpoint, led to the rise of a "Taiwan Independence" movement, driven by internal and external factors rather than a foundational disagreement on the "One China" principle. The "One China" principle is formally recognized by the United Nations and acknowledged by many countries, including the United States (though with its own nuanced "One China policy" that differs from Beijing's principle).



Factors Behind the Call for Independence (from a particular perspective)

From this perspective, Taiwan's inclination towards independence is attributed to several factors:

  • Fears and Misconceptions of China: It suggests these fears are fueled by "Western propaganda" and a lack of understanding of modern China, proposing that young Taiwanese working in the mainland often develop new, more positive perspectives.

  • Political System Differences as an Excuse: While acknowledging the differing political systems (Taiwan's democracy vs. mainland China's communism) as a major "mismatch," this view questions if it's the actual reason for refusing peaceful reunification. It highlights China's stated offer that if Taiwan accepts "One China," "everything else is negotiable," implying that maintaining self-administration and current democratic freedoms is viable under this framework.

  • Anti-China Sentiment from Education: This perspective claims that the Taiwanese education system and media foster an "anti-China emotion," leading many Taiwanese to perceive China as an enemy without clear, well-reasoned justifications.

  • Perception of Superior Status: It suggests that a segment of the Taiwanese population views themselves as a "higher class, well-educated Chinese" compared to mainlanders, leading them to resist reunification, which they perceive as a "downgrading their status and superiority."

The provided analysis concludes that any official declaration of "Taiwan Independence" by changing its national naming would breach the "One China bottomline" and likely result in military action from mainland China. This is why, from this viewpoint, the current Taiwanese government would never officially announce such a statement.

Visit my list of Frequently Asked Questions in Taiwan (FAQs) to learn more.



Key Historical Milestones in the Separation


1949: Chiang Kai-shek's Nationalists (Republic of China) lose the civil war to Mao Zedong's Communist forces (People's Republic of China) and establish a government-in-exile on Taiwan.

1958: China bombards offshore islands held by Nationalist troops, almost sparking a war with the U.S.

1971: Taiwan (Republic of China) loses its U.N. seat, held since 1946, to the People’s Republic of China. Its diplomatic allies subsequently dwindle.

1987: Taiwan and China begin cautious rapprochement, allowing cross-Strait family visits.

1991: Taiwan formally renounces the use of force to retake the mainland.

1993: A landmark bilateral meeting takes place in Singapore.

Jan 1995: Chinese President Jiang Zemin calls for high-level talks to end hostility; Taiwan rejects the offer.

June 1995: Taiwan President Lee Teng-hui's private trip to the U.S. enrages Beijing.

March 1996: China test-fires missiles near Taiwan ahead of the island’s first democratic presidential elections.

1998: Taiwan envoy Koo Chen-fu meets Jiang in China, marking the highest-level contact in nearly five decades.

1999: Lee unilaterally redefines bilateral ties as “special state-to-state,” leading Beijing to freeze semi-official talks.

Jan 2001: Taiwan opens direct but limited trade and travel links with China.

March 2005: China’s parliament passes an anti-secession bill, authorizing the use of force if Taiwan declares independence.

2007: Taiwan bans the 2008 Beijing Olympics torch relay from the island after talks fail.

June 12, 2008: Beijing hosts two-day talks, seen as a step in new Taiwan President Ma Ying-jeou’s plan to invigorate ties.

This intricate historical backdrop continues to shape the ongoing debate, making the question of Taiwan's name and status a central point of international geopolitical discussion.



Why is it Called "Taiwan": The History of What We Know Now, Republic of China


China Banking Corporation, commonly known as China Bank, is one of the leading and most trusted banks in the Philippines.



If you are a China Bank customer or need assistance with their services, there are several convenient ways to get in touch with their customer support team.

If you are looking to file a complaint, here's a guide on how to contact BSP (​​​​​Consumer Assistance
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Customer Service Hotline

China Bank provides a dedicated customer service hotline to assist customers with various inquiries and concerns. You can reach their customer service representatives by calling (632) 888-55-888. Be prepared to provide specific details about your inquiry or account to receive prompt assistance.


Email Support

For non-urgent matters or if you prefer written communication, you can send an email to China Bank's customer support team. Visit the official China Bank website and look for the "Contact Us" or "Email Us" section. When emailing, include your name, contact information, account details (if applicable), and a detailed description of your concern.



Social Media Platforms

China Bank is active on various social media platforms, including Facebook and Twitter. Sending them a private message or commenting on their posts can be an effective way to get assistance. Many companies, including banks, have dedicated social media teams that respond to customer inquiries promptly.


Visit a Local Branch

For face-to-face assistance, you can visit a China Bank branch near your location. Check the official China Bank website for a branch locator tool. When visiting a branch, bring valid identification, account details, and any relevant documents related to your inquiry or transaction.



China Bank Website and Online Chat

China Bank's official website (chinabank.ph) serves as a valuable resource for account holders and potential customers. You can find information about their services, frequently asked questions, and important announcements. Some websites offer online chat support, allowing you to chat with a customer service representative in real-time.


Mobile App Support

If you are using China Bank's mobile banking app, there might be an option to seek help or support directly within the app. Look for a "Support" or "Help" section where you can submit inquiries or report issues related to mobile banking services.


Write a Letter

Traditional mail is another option for contacting China Bank. You can write a letter explaining your concerns and send it to China Bank's main office address:

China Banking Corporation
China Bank Building, 8745 Paseo de Roxas corner Villar Street, Makati City, 1226 Philippines


ATTRACTIONS TO SEE IN MANILA 

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When contacting China Bank through any channel, it's important to be clear and concise about your issue, providing as much detail as possible. This will help the customer service team understand your concern and provide you with an accurate and efficient resolution.

Maintain a professional and respectful tone in your communication, even if you are frustrated. Polite and clear communication will help China Bank's customer service representatives assist you effectively and efficiently, ensuring a positive experience for both parties.


ACTIVITIES AND TOURS IN MANILA


Other Banks Contact Information


How To Contact China Bank (Hotline Number, Email Address & Customer Service)

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Owning your dream home has never been easier with China Bank’s HomePlus Loan.



Designed with flexibility and convenience in mind, this housing loan offers competitive rates and convenient features, ensuring that your path to homeownership is smooth and worry-free.

Here’s your comprehensive guide to China Bank HomePlus Loan, your gateway to a comfortable and secure living space.


For other type of loans, visit my detailed guide for best personal loans and car loans in the Philippines!

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China Bank HomePlus Loan Features

Flexible Loan Purpose
Apply for a home loan for acquisition of lot, house and lot, townhouse, condominium unit, house construction, home renovation, loan take out, or reimbursement of a newly-acquired property.

Low Interest Rates
Enjoy affordable monthly payments and get to choose to have your rates fixed for one, three, and five years, to protect you from future rate increases.

Easy Payment Options
Choose to pay your home loan in a shorter or longer term via auto debit arrangement on your China Bank Account.


Eligibility Criteria





Application Requirements


Standard Documents

  • Duly filled out and signed HomePlus Loan Application Form
  • Photocopy of One (1) Valid ID (with signature and photo)
  • Photocopy of CENOMAR or Marriage Contract (whichever is applicable)
  • Photocopy of Latest Proof of Billing

Additional documents may be required during evaluation of your loan application, and up to loan availment/release of loan proceeds. 


For Employed Individuals

LOCAL
  • Latest Certificate of Employment and Compensation (COEC), indicating position and length of service
  • Latest Three (3) Months Payslips
  • Latest ITR/BIR Form 2316

LAND-BASED OFW

  • Latest Certificate of Employment and Compensation (COEC), indicating position and length of service
  • Latest Three (3) Months Payslips
  • Special Power of Attorney (SPA), Bank Template
  • Designated Attorney-In-Fact (AIF)

SEA-BASED OFW
  • Latest POEA Contract
  • Latest Certificate of Sea Service
  • Special Power of Attorney (SPA), Bank Template
  • Designated Attorney-In-Fact (AIF)

ADDITIONAL REQUIREMENTS FOR ATTORNEY IN FACT (AIF)
  • Duly filled out and signed HomePlus Loan Application Form
  • Photocopy of One (1) Valid ID (with signature and photo)
  • Photocopy of Latest Proof of Billing

Additional documents may be required during evaluation of your loan application, and up to loan availment/release of loan proceeds.




For Self-Employed or Professional

  • Duly filled out and signed HomePlus Loan Application Form 
  • Income Tax Return (ITR) with Audited Financial Statements for the last Three (3) years
  • Latest Six (6) months Banks Statements or photocopy of Passbook 
  • List of Trade References (at least Top 3 Suppliers and Top 3 Customers, with contact details and names of contact persons) 
  • Lease Contracts and list of properties for rent, if rental business 
  • Profession Information Sheet (Bank Template), if professional

Additional documents may be required during evaluation of your loan application, and up to loan availment/release of loan proceeds.


For Partnership or Corporate Borrowers

  • Duly filled out and signed HomePlus Loan Application Form 
  • Certificate of Registration from the SEC  
  • Latest GIS, By-Laws  and Articles of Incorporation 
  • Brief Company Profile 
  • Brief Profile of Officers and Stockholders 
  • Income Tax Return (ITR) with Audited Financial Statements for the last Three (3) years
  • Latest Six (6) months Bank Statements or photocopy of Passbook 
  • List of Trade References (at least Top 3 suppliers and Top 3 customers w/ contact details and names of contact persons)

Additional documents may be required during evaluation of your loan application, and up to loan availment/release of loan proceeds. 


Collateral Documents

  • Photocopy of Owner’s Duplicate Copy of  TCT or CCT  
  • Tax Declaration on Land and Improvement, if any
  • Lot Plan or Vicinity Map 
  • Bill of Materials and Building Plan, if loan purpose is for House Construction or Renovation
  • Copy of the Contract to Sell (CTS), if property to be purchased is from an Accredited Developer

Additional documents may be required during evaluation of your loan application, and up to loan availment/release of loan proceeds. 

Apply for China Bank HomePlus Loan Now!


ATTRACTIONS TO SEE IN MANILA 

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Fees and Charges



China Bank’s HomePlus Loan provides a reliable and convenient way to finance your home purchase. With competitive rates, flexible terms, and excellent customer service, China Bank is your trustworthy partner in achieving homeownership. Turn your dream home into a reality with China Bank HomePlus Loan today!

Apply for China Bank HomePlus Loan Now!


If you are looking to apply for a credit card, here are my Tips to Get Approved for a Credit Card Application.



ACTIVITIES AND TOURS IN MANILA

Consumer Loans Centers


Luzon

BATANGAS
3F CBC Bldg. P. Burgos Street, Batangas City
Telephone Number/s:  (043) 723-7127 

CABANATUAN
2F CBC Bldg., Paco Roman St., Brgy. Dimasalang, Cabanatuan City, Nueva Ecija
Telephone Number/s:  (044) 463-1063

DAGUPAN
2F Siapno Building, Perez Boulevard, Dagupan City 
Telephone Number/s:  (075) 522-8471

PAMPANGA
2F CBC Bldg., V. Tiomico Street, Sto. Rosario Poblacion, San Fernando, Pampanga  
Telephone Number/s:  (045) 961-5344 


Visayas

BACOLOD
2F CBC Bldg., Araneta Street, Bacolod City, Negros Occidental 
Telephone Number/s:  (034) 435-0647

CEBU
2F Chinabank Corporate Center, Samar Loop cor. Panay Road, Cebu Business Park, Cebu City 
Telephone Number/s: (032) 346-4448 ; (032) 416-1915

ILOILO
2F CBC Bldg., Rizal cor. Gomez Streets, Brgy. Ortiz, Iloilo City  
Telephone Number/s:  (033) 336-7918 


Mindanao

DAVAO
2F CBC Bldg., C.M. Recto Ave. cor. J. Rizal St., Sto. Rosario Poblacion, Davao City 
Telephone Number/s: (082) 226-2103 ; (082) 221-4163
 
CAGAYAN DE ORO
2F CBC Bldg., R.N. Abejuela St., South Divisoria, Cagayan de Oro City 
Telephone Number/s: (088) 859-1232 


China Bank HomePlus Loan Guide (Requirements and Application)


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CORONAVIRUS: Everything You Need to Know

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The USA surpassed China and Italy for having the most number of the coronavirus globally.

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For frequent jet-setters exploring East Asian hubs like China, Hong Kong, Japan, and Taiwan, choosing the right credit card can mean the difference between seamless transactions and mounting foreign exchange fees. While Visa and Mastercard have long dominated local wallets, the BDO Diamond UnionPay has quietly positioned itself as an elite-tier powerhouse engineered specifically to conquer the Asian travel market.

With its powerhouse combination of rock-bottom forex rates, heavy-duty travel protections, and seamless digital wallet integration, here is an in-depth look at why this card deserves a permanent spot in your travel wallet.



Redefining Foreign Exchange Costs

The most significant pain point of international shopping—whether retail or online—is the hidden sting of foreign currency conversion fees. This is where the BDO Diamond UnionPay completely disrupts the premium card market.

Industry-Low Forex Fees: The card charges a highly competitive conversion fee of just 1.65% on international retail transactions. If you need to withdraw cash abroad, the fee drops even lower to 1.35% on cash advances, making it one of the most cost-effective cards available for international spending.

Dual Currency Billing: To give cardholders absolute control over their finances, BDO offers a Dual Currency Billing option. Local purchases are billed in Philippine Peso (PHP), while overseas transactions are billed directly in US Dollars (USD). For those who maintain a USD account, this feature allows you to completely bypass volatile daily exchange rate fluctuations when paying off your monthly bill.



Eliminating the "China Cash" Dilemma

Traveling to mainland China has historically presented a unique hurdle for foreigners due to the country’s heavily digitized, cashless ecosystem. Traditional credit cards are rarely accepted at everyday merchant stalls, which rely almost exclusively on local QR codes.

The BDO Diamond UnionPay solves this friction point seamlessly. Cardholders can link their card directly to China's primary digital payment networks, Alipay and WeChat Pay, enjoying free transaction fees on their purchases. This single feature unlocks effortless, cashless mobility across mainland China.




Heavy-Duty Travel Protections

An elite travel card is only as good as the safety net it provides. When you charge your full transport tickets (such as flights or ships) to your BDO Diamond UnionPay, you unlock a comprehensive suite of high-tier coverages designed to safeguard your family:

  • Travel Accident & Dismemberment: Up to ₱20 Million (Free family coverage)

  • Medical Expense Reimbursement: Up to ₱1.5 Million

  • Baggage Inconvenience: Up to ₱80,000 for lost or damaged luggage

  • Flight/Baggage Delays: Up to ₱3,000 per 6 hours (Max ₱24,000)



Practical Card Management & Perks

Premium cards often come with restrictive upkeep costs, but BDO offers highly attainable milestones for maintaining this elite tier:

  • 3-Year Annual Fee Waiver: The annual membership fee is automatically waived for the first three years. For succeeding years, the fee is entirely waived if you reach an annual spending threshold of ₱600,000.

  • Free Supplementary Cards: Cardholders can extend their elite perks to family members by applying for up to six (6) supplementary cards that are completely free for life.

  • Flexible Peso Rewards: Earn 1 Peso Point for every ₱1,000 or USD 20 spent. These points can be transferred directly to a BDO Rewards card to be spent like cash at SM Retail stores, or converted directly into cash credits to reduce your credit card bill.

  • The U Collection: Cardholders gain instant access to UnionPay’s curated premium luxury tier benefits, featuring exclusive hotel stays, year-round dining discounts, and curated shopping offers across Asia.



The Verdict: Strategic Utility

While UnionPay boasts unrivaled, universal acceptance across mainland China and major Asian hubs, travelers should keep in mind that its merchant footprint in smaller domestic shops within the Philippines or Western countries can occasionally be lower than Visa or Mastercard.

However, as a dedicated travel card for navigating East Asia, its rock-bottom transaction fees and digital wallet compatibility make the BDO Diamond UnionPay an absolute must-have asset for the modern Asian traveler.




Unlocking East Asia: Why the BDO Diamond UnionPay is Becoming the Go-To Card for Frequent Travelers


This is your comprehensive guide about banks and banking in the Philippines.

The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.


As of 17 October 2017, there were 36 universal and commercial banks, 57 savings banks, 492 rural banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000.

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On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loan associations which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines.


Prominent among these small savings services is the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI), which is exclusive to active servicemen and retirees of the armed forces in the Philippines.

RELATED: List of Philippine Banks Swift Code/BIC (Meaning & How To Use)


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UNIVERSAL BANKS

Universal banks are financial service conglomerates that combine investment banking, commercial banking, development banking, and insurance to encompass a wider variety of services. They are also authorized to engage in other functions such as merchant banking, mutual funds, factoring, housing finance, and practically all types of functions typical in the banking business.

According to Bangko Sentral, there are 21 universal banks with active operations in the Philippines as of March 2018. These banks are the following:
  • Land Bank of the Philippines
  • Australia and New Zealand Banking Group Limited
  • Deutsche Bank AG
  • ING Bank N.V.
  • Mitzuho Bank, Ltd. – Manila Branch
  • Standard Chartered Bank
  • The Hongkong & Shanghai Banking Corporation
  • Asia United Bank Corporation
  • Rizal Commercial Banking Corporation
  • Security Bank Corporation
  • Union Bank of the Philippines
  • Al-Amanah Islamic Investment Bank of the Philippines
  • Development Bank of the Philippines
  • Bank of the Philippine Islands
  • BDO Unibank, Inc.
  • United Coconut Planters Bank
  • China Banking Corporation
  • East West Banking Corporation
  • Metropolitan Bank and Trust Company
  • Philippine National Bank
  • Philippine Trust Company



COMMERCIAL BANKS

Commercial banks are privately-owned institutions that accept deposits and lend money to projects to earn interest. They also offer personal, business, and mortgage loans, checking account services, and basic financial products like savings accounts and certificate of deposit to individuals and businesses. They are primarily owned by shareholders and are profit-based.

As of March 2018, 22 commercial banks are in operation in the Philippines and they are listed below:
  • Bank of Commerce
  • BDO Private Bank, Inc.
  • Philippine Bank of Communications
  • Philippine Veterans Bank
  • Robinsons Bank Corporation
  • CTBC Bank (Philippines) Corporation
  • Maybank Philippines, Incorporated
  • Bangkok Bank Public Co. Ltd.
  • Bank of America, N.A.
  • Bank of China Limited – Manila Branch
  • Citibank, N.A.
  • JP Morgan Chase Bank, N.A.
  • KEB Hana Bank – Manila Branch
  • Mega International Commercial Bank Co., Ltd.
  • The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • First Commercial Bank, Ltd., – Manila Branch
  • Cathay United Bank Co., Ltd., – Manila Branch
  • Shinhan Bank – Manila Branch
  • Sumitomo Mitsui Banking Corporation – Manila Branch
  • Industrial Bank of Korea – Manila Branch
  • United Overseas Bank Ltd., – Manila Branch
  • Hua Nan Commercial Bank, Ltd., – Manila Branch



List of Universal and Commercial Banks in the Philippines

Alphabetically arranged:
  • Al-Amanah Islamic Investment Bank of the Philippines*
  • Asia United Bank Corporation (AUB)
  • Australia and New Zealand Banking Group (ANZ)
  • BDO Unibank, Inc. (BDO; largest bank in the Philippines in terms of assets; 243rd largest bank globally)
  • BDO Private Bank (a subsidiary of BDO Unibank, Inc.)
  • Bank of America, N.A.
  • Bank of China - Manila Branch
  • Bank of Commerce (a subsidiary of San Miguel Corporation)
  • Bank of the Philippine Islands (BPI; oldest bank in Southeast Asia)
  • Bangkok Bank Co. Ltd.
  • Cathay United Bank Co. Ltd. - Manila Branch
  • Chang Hwa Commercial Bank LTD - Manila Branch
  • China Banking Corporation (Chinabank)
  • Chinatrust Philippines Commercial Bank Corporation (Chinatrust)
  • CIMB Bank Philippines Inc.
  • Citibank Philippines
  • Development Bank of the Philippines (DBP, secondary government bank)*
  • Deutsche Bank
  • East West Banking Corporation (EastWest Bank)
  • First Commercial Bank Manila
  • Hua Nan Commercial Bank Ltd. Manila
  • Industrial Bank of Korea Manila Branch
  • ING Group N.V.
  • JPMorgan Chase & Co. (JPMorgan Chase)
  • KEB Hana Bank - Manila Branch
  • Land Bank of the Philippines (Landbank; LBP, main government bank)*
  • Maybank Philippines, Inc.
  • Mega International Commercial Bank Co. LTD
  • Metropolitan Bank and Trust Company (Metrobank)
  • Mizuho Bank, Ltd. Manila Branch
  • MUFG Bank, Ltd.
  • Philippine Bank of Communications (PBCom)
  • Philippine National Bank (PNB)
  • Philippine Trust Company (Philtrust Bank)
  • Philippine Veterans Bank (Veterans Bank; PVB)
  • Rizal Commercial Banking Corporation (RCBC)
  • Robinsons Bank Corporation (RBank)
  • Security Bank Corporation (Security Bank)
  • Shinhan Bank - Manila Branch
  • Standard Chartered Bank Philippines
  • Sumitomo Mitsui Banking Corporation Manila Branch
  • The Hongkong and Shanghai Banking Corporation Limited
  • Tonik (bank)
  • Union Bank of the Philippines, Inc. (Unionbank)
  • United Overseas Bank Limited Manila Branch

The forty-five banks listed above are those with the biggest assets in the Philippine banking industry, listed at the BSP website as of June 2022. The largest of these is BDO Unibank and the smallest is Al-Amanah Islamic Bank.



Universal and Commercial Bank Group ranked according to assets (in million of peso as of 30 June 2022): 
  1. BDO UNIBANK INC - ₱3,661,570.82
  2. LAND BANK OF THE PHILIPPINES - ₱2,803,643.64
  3. BANK OF THE PHIL ISLANDS - ₱2,451,097.81
  4. METROPOLITAN BANK & TCO - ₱2,353,735.12
  5. PHIL NATIONAL BANK - ₱1,192,661.70
  6. CHINA BANKING CORP - ₱1,124,083.69
  7. RIZAL COMM'L BANKING CORP - ₱1,030,330.93
  8. DEVELOPMENT BANK OF THE PHIL - ₱971,347.99
  9. SECURITY BANK CORP - ₱796,777.07
  10. UNION BANK OF THE PHILS - ₱769,157.72
  11. EAST WEST BANKING CORP - ₱393,649.43
  12. CITIBANK, N.A. - ₱380,823.02
  13. ASIA UNITED BANK CORPORATION - ₱316,238.04
  14. HONGKONG & SHANGHAI BANKING CORP - ₱208,354.74
  15. BANK OF COMMERCE - ₱207,568.83
  16. ROBINSONS BANK CORPORATION - ₱172,356.27
  17.  PHIL TRUST COMPANY - ₱170,109.26
  18. PHIL BANK OF COMMUNICATIONS - ₱118,498.27
  19. STANDARD CHARTERED BANK - ₱99,915.14
  20. MAYBANK PHILIPPINES INCORPORATED - ₱91,672.44
  21. MUFG BANK, LTD. - ₱88,610.89
  22. MIZUHO BANK LTD - MANILA BRANCH - ₱83,328.02
  23. CTBC BANK (PHILIPPINES) CORP - ₱65,391.51
  24. PHILIPPINE VETERANS BANK - ₱60,067.52
  25. BANK OF CHINA (HONGKONG) LIMITED-MANILA BRANCH - ₱59,627.63
  26. JP MORGAN CHASE BANK NATIONAL ASSN. - ₱58,944.11
  27. DEUTSCHE BANK AG - ₱53,222.69
  28. BDO PRIVATE BANK, INC. - ₱45,374.58
  29. SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH - ₱40,064.47 
  30. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ₱33,065.20
  31. ING BANK N.V. - ₱30,028.53
  32. BANK OF AMERICA N.A. - ₱27,448.92
  33. CIMB BANK PHILIPPINES INC - ₱24,369.26
  34. KEB HANA BANK - MANILA BRANCH - ₱20,151.98
  35. MEGA INT'L COMM'L BANK CO LTD - ₱13,669.25
  36. INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA - ₱11,810.63
  37. BANGKOK BANK PUBLIC CO LTD - ₱10,691.24
  38. SHINHAN BANK - MANILA BRANCH - ₱9,133.45
  39. INDUSTRIAL BANK OF KOREA MANILA BRANCH - ₱8,952.31
  40. HUA NAN COMMERCIAL BANK LTD MANILA BRANCH - ₱7,226.97
  41. CATHAY UNITED BANK CO LTD - MANILA BRANCH - ₱6,280.55
  42. CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH - ₱5,707.52
  43. UNITED OVERSEAS BANK LIMITED MANILA BRANCH - ₱4,677.33
  44. FIRST COMMERCIAL BANK LTD MANILA BRANCH - ₱3,681.10
  45. AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS - ₱728.69

See other list of banks in the Philippines:

Acknowledgement: This article is sponsored by Usapang Hanapbuhay.

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The first package of the Philippine National Railways (PNR) Bicol project will begin construction in the first quarter of the year.

In a press briefing in Malacañang on Friday, PNR General Manager Junn Magno said the package would consist of the PNR Bicol’s first 380 km. from Banlic, Calamba to Daraga, Albay.
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“The construction works will begin (in) the first quarter of 2022,” Magno said in Filipino.

During the briefing, Department of Transportation (DOTr) Undersecretary for Railways Timothy John Batan said their agency has requested the Department of Finance to fund the project’s PHP142 billion contract through an official development assistance (ODA) loan from China.

Unlike other projects funded through ODA, Batan said, the PNR Bicol Package 1 had its construction contract signed before funding from China was secured.

While the project has the largest contract at PHP142 billion, the North-South Commuter Railway System is the biggest rail project of the DOTr, followed by the Metro Manila Subway Project, he added.

The construction of the PNR Bicol Package 1 is seen to be completed by 2024, and the start of operations by the third quarter of 2025.

The other PNR Bicol contract packages are set for completion between 2024 and 2026, with the entire PNR Bicol line scheduled to be operational by 2027.

The PNR Bicol is a 560-km. rail system consisting of 35 stations and will run from Manila through Laguna, Quezon, and Camarines Sur to Albay, with an extension line in Sorsogon and a branch line in Batangas.

RELATED: PNR to revive Bicol Express

The rail system’s passenger trains will be designed to run at a speed of 120 kph to 160 kph and its freight trains designed to run at 80 kph to 100 kph, reducing travel time between Manila and Legazpi City, Albay from the current 14 hours to 18 hours to just six hours in its regular commuter trains and four hours and 30 minutes with its express trains.

On January 18, the DOTr awarded the contract for the PNR Bicol Package 1 to Chinese joint venture China Railway Group Ltd., China Railway No. 3 Engineering Group Co. Ltd., and China Railway Engineering Consulting Group Co. Ltd.

Via PNA

PNR Bicol to begin construction first quarter of 2022

Resulta ng larawan para sa Korean government allow Visa-free for Philippines, Indonesia and Vietnam tourists

Yes, the Korean government is opening its door for groups of Indonesian, Vietnamese and Filipino tourists to visit Korea, Visa-free!



During the PyeongChang Winter Olympics, Korean government will allow visa-free groups of Indonesian, Vietnamese and Filipino tourists to vitalize Korea Tourism market. Chinese tourists who board cruise lines designated by the Ministry of Justice are allowed to enter without a visa.

The government held a meeting on economic issues between the government and the private sector at the Seoul government building on November 3 under the auspices of Kim Dong-yeon, the deputy prime minister for economic affairs and minister of finance, and announced the plan to revitalize the tourism market. Minister of Culture, Sports and Tourism, Doo Jong Hwan attended the meeting as well.

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The government plans to use the recovery of the PyeongChang Winter Olympics and Korea-China relations as a driving force for the recovery of the visiting tourism market in Korea. Kim Dong-yeon, the deputy prime minister, said, “Although the tourism industry that has visited last year has grown, it has shrunk considerably this year.”

Philippines passport

The number of Chinese tourists has decreased from 3.23 million people in the same period last year(61.3 %).” “There has been concern that the declining number of tourists could shrink the tourism industry and reduce the number of related jobs,” he added.



The government first operates two large cruises at Sokcho during the Pyeongchang Winter Olympic Games as an accommodation facility. The government explained that it can secure about 2,261 rooms through this. It will also organize free shuttle buses that will operate the Olympic city, including Pyeongchang and Gangneung, and neighboring cities.

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The government plans to diversify tourists recruiting countries in order to lower their reliance on Chinese tourists in the long run. For this purpose, tourists from three countries, Philippines, Indonesia and Vietnam who are coming to Korea through Yangyang Airport, will be temporarily allowed to Visa-free enter the country until April next year. PyeongChang will host visitors to the Olympic Winter Games and introduce them to the winter sports tourists.



The government issues multiple visas for Chinese and Southeast Asian nationals who have visited the Organization for Economic Cooperation and Development (OECD) countries including Korea once. The government plans to expand programs such as 72-hour transit tour programs that international passengers who can enter without a visa while waiting for a transfer.

The government will also relax the conditions for qualifying tour guides for tourist guides in Vietnamese, Thai, and Arabic to expand the interpretation service for Southeast Asian tourists. The government has announced that it will double the number of special language guides for this year until next year by easing the exemption standards for foreign language tests.


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The government also plans to utilize the restoration of relations with China to attract tourists. China’s local media and travel agency headquarters are invited to Korea to introduce new tourist destinations and promote high-level Chinese talks to resume tourism exchanges. “We will hold a briefing on tourism related to China in major cities such as Beijing, Shanghai and Guangzhou, and we will rebuild the distribution channels that we have visited.” Kim said.

The government will also strengthen support for high-value tourism products such as cruise tourism and medical tourism. The plan is to allow Chinese cruise passengers designated by the Ministry of Justice for a temporary time next year to land on a Visa-free land. Based on the results of the project next year, the government plan to expand the number of people who will enter the designated cruise visa.


ACTIVITIES AND TOURS IN MANILA


In order to attract Chinese medical tourists, the government will nurture Korean medical brands in China and reinforce local recognition by establishing a Korea Medical Center in Shanghai next year. The government will also designate multiple international conferences and accumulation facilities by the first half of next year to foster local MICE (corporate meetings, reward tourism, convention, exhibition) industry.

The deputy prime minister Kim said, “We will speed up these projects and achieve tangible results by the end of the year. Additional challenges and challenges to be pursued over the medium to long term will be discussed at the ‘National Tourism Strategy Meeting’.”



GOOD NEWS! Korean government allows Visa-free for Philippines, Indonesia and Vietnam tourists


Pandas, with their fluffy fur, expressive eyes, and clumsy antics, have captivated hearts worldwide. But beyond their irresistible charm, these creatures boast fascinating traits and habits that make them truly unique.



Where Are Pandas Found?

Pandas, specifically giant pandas (Ailuropoda melanoleuca), are native to China and are found primarily in the mountainous regions of central China.


Their natural habitats include:

  • Sichuan Province: This is home to the majority of the wild panda population and the famous Wolong National Nature Reserve.

  • Shaanxi Province: The Qinling Mountains host a smaller population of pandas, slightly different in appearance with a brownish tint to their fur.

  • Gansu Province: Some pandas also reside in the Minshan Mountains in this region.

A statue of a lying Panda taking a selfie in Sichuan Province, China

Pandas live in dense bamboo forests at elevations between 1,200 and 3,100 meters (4,000 to 10,000 feet). These forests provide the bamboo they rely on for survival.

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Who Are Their Ancestors?

The giant panda's evolutionary history is both fascinating and mysterious. Pandas belong to the bear family (Ursidae) but have unique traits that set them apart.


Their ancestry reveals a remarkable journey through time:



Miocene Era (7–8 Million Years Ago)
The giant panda’s closest ancient relative is Ailurarctos, a bear species that lived in China around 8 million years ago. Fossil evidence suggests that Ailurarctos might have been the first bear to develop a taste for bamboo.

Red Panda Connection?
While giant pandas share a name and bamboo diet with red pandas, they are not closely related. Red pandas belong to a different family (Ailuridae), and their similarities are due to convergent evolution rather than shared ancestry.

Modern Bear Relatives
The giant panda's closest living relatives are other members of the bear family, particularly spectacled bears (Tremarctos ornatus), which are native to South America.



10 Interesting Facts About Pandas

Here are ten fun facts about pandas that will deepen your appreciation for these bamboo-loving bears.


1. Pandas Are Born Tiny and Pink

When baby pandas are born, they weigh only about 100 grams (the size of a stick of butter) and are completely pink, hairless, and blind. This makes them one of the most underdeveloped mammal babies relative to their adult size!


2. Bamboo Makes Up 99% of Their Diet

Despite being classified as carnivores, pandas have an herbivorous diet, with bamboo making up almost their entire menu. They consume 12–38 kilograms (26–84 pounds) of bamboo daily to meet their energy needs.


3. Pandas Have a "Sixth Finger"

To help grasp bamboo stalks, pandas evolved a pseudo-thumb. This extra appendage is an extended wrist bone that functions like a thumb, making them expert bamboo eaters.


4. They Are Excellent Tree Climbers

Young pandas are agile climbers and often escape predators by scurrying up trees. Adults may climb for food, rest, or safety, showing a surprising level of dexterity despite their bulk.


5. Pandas Spend Most of Their Time Eating or Sleeping

Pandas spend up to 14 hours a day eating and the rest sleeping. Their bamboo diet is low in nutrients, so they conserve energy by being less active.



6. Panda Fur Is Not Just for Show

The black-and-white coat of a panda serves two purposes: camouflage and communication. The white fur helps them blend into snowy habitats, while the black patches around their eyes and ears signal to others to stay away.


7. Pandas Were Once Meat Eaters

Millions of years ago, pandas were carnivorous. Over time, they adapted to a plant-based diet due to environmental changes. However, their digestive systems still resemble those of meat-eating animals.


8. Panda Cubs Love Somersaults

Playful by nature, panda cubs often practice their acrobatic skills by tumbling and rolling around. This not only entertains visitors but also helps the cubs build strength and coordination.


9. Pandas Are Solitary Animals

In the wild, pandas prefer a solitary life, coming together only during the mating season. Each panda occupies its own territory and marks it with a unique scent.


10. They Are a Symbol of Conservation

Pandas were once critically endangered due to habitat loss and low reproduction rates. Thanks to concerted global conservation efforts, their status has improved to “vulnerable.” The panda has become a global icon for wildlife preservation.


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Why We Love Pandas

Pandas are more than just adorable animals; they are a testament to nature’s resilience and adaptability. From their unique dietary habits to their playful personalities, pandas remind us of the importance of protecting our planet’s incredible biodiversity. Next time you see a panda, remember how extraordinary they truly are!



Pandas: Nature’s Adorable Marvels