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...
President Marcos said the government is correcting the misuse of the Local Government Support Fund (LGSF) by directing resources straight to local governments and communities under the “Bawat Barangay Makikinabang” program. In a speech on the program’s launch in General Trias, Cavite, on...
Pag-IBIG Fund released ₱32.92 billion in home loans in the first quarter of 2026, up 9% from ₱30.22 billion in the same period last year, as the agency continued to expand access to home financing for Filipino workers. The amount financed 20,926 homes from January to March 2026, also higher...
Pag-IBIG Fund is continuing its housing fair series in South Luzon and the Visayas, with the South Luzon fair set on April 27 and 28 at the Jose Rizal Coliseum in Calamba City, Laguna, and the Visayas fair scheduled on April 30 and May 1 at the IEC Convention Center Cebu. The two fairs will each...
Bicol Saro Party-list Rep. Terry Ridon sees a "continuing pattern" of alleged misuse when it comes to confidential funds earmarked for the Office of the Vice President (OVP), particularly under impeachment respondent, Vice President Sara Duterte. This, after Ridon cited on Monday, April 20 a new...
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta addresses participants during the consultative meeting for Project BALAY: Bridging Access to Learning, held on April 15, 2026, at the CHED Auditorium in Quezon City. The initiative, a strategic partnership between Pag-IBIG Fund and the...
Developing economies including the Philippines are pressing the World Bank Group (WBG) to help reduce borrowing costs as the economic fallout from the Middle East conflict drives up oil prices, disrupts supply chains, and threatens growth and food security. In an April 16 statement delivered before...
Multilateral development banks (MDBs) are stepping up coordination to cushion economies from the spillover effects of the Middle East conflict, citing rising energy costs, supply chain disruptions, and tighter financial conditions as immediate risks to growth and stability. In an April 17 joint...
The International Monetary Fund (IMF) urged the Philippines to exercise fiscal discipline and prioritize targeted spending as the country’s debt ratio is projected to breach a critical threshold this year amid volatile global energy markets. The Washington-based lender expects the general...
The International Monetary Fund (IMF), the World Bank (WB), and the Asian Development Bank (ADB) have, one after another, downgraded the country’s growth projections. This is largely due to the devastating effects of the ongoing Middle East conflict. These multilateral financial institutions...
Malacañang has committed to study proposals to suspend pension premium contributions for members of state-run pension funds. While the Palace made the pronouncement, the Social Security System (SSS), Government Service Insurance System (GSIS), and Pag-IBIG Home Development Mutual Fund have...
Stagflationary pressures are building in the Philippines as swift and pronounced spillovers from the Middle East conflict prompt the International Monetary Fund (IMF) to slash its growth forecast while anticipating above-target inflation. According to the IMF’s April 2026 World Economic Outlook...
