Legarda calls for PDIC funds’ return, warns vs weak depositor protection

MANILA, Philippines — Sen. Loren Legarda raised serious concerns over the remittance of ₱107.23 billion in funds of the Philippine Deposit Insurance Corporation (PDIC) to the National Treasury, cautioning that funds held in trust to protect depositors must not be treated as ordinary government revenues. Legarda pointed out that the remittance was made under a