The Philippine Postal Corporation will issue a set of four stamps and a souvenir sheet to commemorate the 60th anniversary of the Development Bank of the Philippines.
Development Bank of the Philippines' history can be traced back to the Commonwealth years when the early infrastructure for development financing was laid down by the government.
In 1935, the National Loan and Investment Board (NUB) was created to coordinate and manage government trust funds such as the Postal Savings Fund and the Teachers' Retirement Fund.
A hundred years ago, Manulife received its license to operate in the Philippines. At a time when travel and communications required great logistics, Manulife laid the foundation for what would become one of the country's most respected and trusted financial institutions. A hundred years hence, Manulife has successfully weathered two world wars, tumultuous political upheavals, and various economic conditions growing to be one of the leading life insurance and pre-need providers in the country.
The establishment of rural banks in the Philippines traces its beginnings with the enactment of Republic Act 720 in June 1952. The Act envisioned the rural banks "to promote and expand the rural economy in an orderly and effective manner by providing the people of the rural communities with the means of facilitating and improving their productive activities and to encourage cooperatives."
The Filipino-Chinese General Chamber of Commerce, Inc. (FCGCCI) is the "oldest" Chinese business organization in the Philippine which was established in 1904. It aims to provide financial and material contributions to the country, especially assistance to the victims of calamities and needy fellow Filipinos. It also provides settlements as well as arbitrations of disputes brought to its attention in the Chinese community.
During its existence before the year 1950, the chamber enjoyed recognition by the whole Chinese population as their omnibus agency on one hand; while on the other hand, it was the representative agency of the local Chinese in the eyes of our government. On its shoulder laid the twins important tasks of safeguarding the interests and security of the Chinese population. At the same time, taking pains in adjusting the Chinese community in a turbulent and highly complex world situation.
Trade between the Philippines and other countries more particularly her Asian neighbors, already existed long before the colonization of the islands. Foreign visitors presented "customary" tributes to our rajahs, datus and even to local chieftains for the privileges they enjoyed in exchanging goods for rare Philippine produce more particularly the islands spices and gold.