The Maharlika Investment Corporation (MIC) is set to enter an international governing body that will ensure effective operation and strengthen transparency of the state's wealth fund. This following the approval of MIC's proposal to apply for Associate Membership in the International Forum of...
The Maharlika Investment Corp. (MIC), an entity that manages the sovereign wealth fund, said it plans to raise $1 billion for energy projects alone by the end of the year. On the sidelines of an economic forum hosted by the German Club Manila, MIC President and Chief Executive Officer Rafael...
The Home Development Fund, or the Pag-IBIG Fund, has achieved its highest dividend rates since the Covid-19 pandemic began, as its regular savings dividend rate for 2023 reached 6.55 percent and its Modified Pag-IBIG 2 (MP2) Savings rate surged to 7.05 percent per annum. The announcement was made...
President Marcos has urged the Pag-IBIG Fund to make its home mortgage more accessible to Filipinos. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "I urge the Pag-IBIG Fund to make its home mortgage financing even more accessible and to balance this with sustainability," Marcos said in...
Pag-IBIG Fund welcomed Finance Secretary Ralph G. Recto and newly appointed trustee, Maria Lourdes Doria-Velarde, as part of the 11-member Pag-IBIG Fund Board of Trustees, top officials stated Tuesday (20 February). Finance Secretary and Pag-IBIG Board ex-officio vice chairperson, Ralph...
To support the Department of Agriculture's (DA) rice program, the Department of Budget and Management (DBM) released funding for the Rice Competitiveness Enhancement Program (RCEP) for the first quarter of this year. Budget Secretary Mina F. Pangandaman approved on Tuesday, Feb. 13, the P455.59...
President Marcos has appointed Maria Lourdes Doria-Velarde as acting member of the Board of Trustees of the Home Development Fund (Pag-IBIG), representing the private employers’ sector. Malacañang made the announcement on Monday, Feb. 12. Doria-Velarde replaces Mylah Roque, who was appointed to...
House Speaker Martin Romualdez (left), Makati City 2nd district Rep. Luis Campos Jr. (Facebook) A vice chairman of the House Committee on Appropriations has credited Speaker Martin Romualdez for the significant increase in the earmarked Cancer...
The Home Development Mutual Fund, or the Pag-IBIG Fund, has recorded P126.04 billion in home loans in 2023, the loans were reported to have financed a total of 96,848 housing units for its members. Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar said the...
The Marcos administration plans to expand the distribution of solar-powered irrigation systems, aiming to provide a consistent water supply to an additional 180,000 hectares of rice paddies, the Department of Agriculture (DA) said. In a statement Saturday, Feb. 3, the DA said that President Marcos...
The Department of Finance (DOF) reported that the Social Security System (SSS) collected nearly P80 billion from its Workers’ Investment and Savings Program (WISP) as of last year. The DOF said that since its inception in 2021, WISP, a mandatory provident fund scheme, has accumulated a total of...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). This decision comes following the approval by the MIC Board, chaired by Finance...
