Camsdcute’s Lair

Archive for May, 2009

Contrary to most predictions, the anticipated duel between Kobe and Lebron will have to wait for at least another year. Kobe did his part, but not Lebron.

A day after the Lakers sent the Nuggets home, the Cavs fell short of beating the Orlando Magic despite the valiant guarantee from Mo Williams. This Magic team is really amazing. The pairing Dwight Howard’s inside presence and the team’s magical touch from the three-point area is just too much for the Cavaliers. The Orlando’s shooters – Lewis, Lee, Alston, Turkoglu, Pietrus – have been consistent and dominant throughout the series.

I just wish the Cavs will win the title next year. I really do. Lebron is still young and he has a lot of playing years ahead of him. For now, I guess he will have to utilize one of those New York Yankees tickets.

Actually, I predicted a Nuggets-Magic Finals. Too bad Chauncey and Melo can’t carry Denver past the Lakers. Still, I’m still looking forward for this year’s championship.

My prediction: Magic in 7.

The Republic Act that increases the maximum deposit coverage of PDIC has been approved last April 29, 2009 and published on May 17, 2009 on Philippine Star and Philippine Daily Inquirer. The date of effectivity for this act is on June 1, 2009.

Republic Act (RA) No. 9576 is an Act increasing the Maximum Deposit Coverage, and in connection therewith, to strengthen the regulatory and administrative authority, and financial capability of the Philippine Deposit Insurance Corporation (PDIC), amending for this purpose Republic Act No. 3591, as amended, otherwise known as the PDIC Charter.

This is good news to depositors as it will boost their confidence on banks. Given that the deposits are insured at a certain amount, bank savers can look into free insurance quotes for other types of coverage.

Click to download a copy of the Act.