Public urged to keep savings in banks

THE Bangko Sentral ng Pilipinas (BSP) encourages the people to keep their money in its supervised financial institutions, where they will be safe and secure following an incident where a delivery man's savings were nearly destroyed by termites.

Adonis Buemia, who has been delivering ice for 30 years, was able to buy a house, a brand-new tricycle, and even save about P50,000 from his 300-peso daily wage, according to the central bank.