The Philippines and the World Bank have signed an $18.85-million grant agreement to strengthen the country’s defenses against future pandemics, while the Washington-based multilateral lender also commended the satisfactory implementation of an ongoing agriculture modernization project. Documents...
President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program continued to deliver new homes to Filipino families as the Department of Human Settlements and Urban Development and Pag-IBIG Fund turned over house-and-lot units at Nuvista Homes Lipa to Pag-IBIG Fund...
Four global institutions have warned that the prolonged war in the Middle East is posing increasing risks to global energy security, food supplies, and economic growth as oil inventories continue to decline at a record pace. In a joint statement last Friday, May 29, the International Energy...
To further widen the reach of President Ferdinand R. Marcos Jr.’s flagship Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program and help address the oversupply of available housing inventory, Pag-IBIG Fund has raised its maximum housing loan amount per borrower to ₱10 million....
The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
Abra lone district Rep. JB Bernos knows a way for local government units (LGUs) to make the local agriculture sector more climate-resilient--but they must act fast. According to him, LGUs must access the government’s People’s Survival Fund or PSF to bankroll and implement climate projects....
Officials from the Department of Human Settlements and Urban Development and Pag-IBIG Fund conducted a site inspection and ceremonial turnover of housing units under President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program in Cabuyao, Laguna, on Thursday, May 21....
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
The Commission on Audit (COA) has denied a P1.5-billion money claim filed by a group of insurance firms against the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund over allegedly unremitted fire insurance premiums tied to housing loans. In a 17-page decision dated March 17, 2026, the COA ruled...
Pag-IBIG Fund reported year-on-year growth in its net income for the first quarter of 2026, further strengthening its capacity to protect members’ savings, provide affordable home financing, and support more Filipino workers in their journey toward homeownership, top officials announced Tuesday,...
The peso’s descent to unprecedented lows is facing a volatile new headwind, with MUFG Bank Ltd. warning that an escalating political feud between the nation’s two most powerful dynasties threatens to upend investor confidence. The Japanese financial institution said that the deepening rift...
Washington-based International Monetary Fund (IMF) urged the Philippines to resume public infrastructure spending under stricter governance standards to revive investor confidence, warning that the absence of accountable fiscal activity is stifling private investment and domestic growth. In a...
