RESOLUTION STRONGLY SUPPORTING RESOLUTION NO. 2003-313 OF THE SANGGUNIANG PANLALAWIGAN OF MISAMIS ORIENTAL EXPRESSING STEADFAST SUPPORT TO THE LAUDABLE INITIATIVE OF THE HON. SENATOR FRANCIS "CHIZ" ESCUDERO IN FILING SENATE BILL NO. 2678-A MEASURE THAT WILL INCREASE THE MAXIMUM DEPOSIT INSURANCE COVERAGE OF DEPOSITORS AND INVESTORS FROM THE PRESENT PHP 250,000.00 TO PHP 500,000.00 THEREBY STRENGTHENING AND STABILIZING THE PHILIPPINE BANKING SYSTEM AMIDST THE CURRENT GLOBAL FINANCIAL CRISIS AMENDING FOR THE PURPOSE THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION
