Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
The fund management firm of the Manufacturers Life Insurance Co. (Philippines) unveiled a unit investment trust fund (UITF) that seeks to preserve capital and generate income by investing in fixed income securities and deposits. In a statement, Manulife Investment Management Philippines (Manulife...
Pag-IBIG Fund posted record-highs anew for the period January to August 2021 as members availed of its housing loan program and voluntary savings program in record numbers amid the pandemic, top officials of the agency announced during its Virtual Stakeholders’ Accomplishment Report held online,...
The Department of Social Welfare and Development (DSWD) and the United Nations Population Fund (UNFPA) have committed to strengthen partnership in addressing gender and development issues in the country. Department of Social Welfare and Development (DSWD) Secretary Rolando Joselito D. Bautista,...
The Securities and Exchange Commission (SEC) has approved the P6 billion market debut of AllDay Marts, Inc. and the P18- billion bond offering of Petron Corporation. 34600 In its meeting last September 23, the Commission En Banc resolved to render effective the registration statements of AllDay...
To equip teaching and non-teaching personnel with knowledge on home financing and ownership, the Department of Education (DepEd) organized a webinar on the essentials of home ownership. DepEd and Pag-IBIG teamed up to raise awareness on housing loan programs and other home ownership requirements....
State-owned Development Bank of the Philippines (DBP) has released P8.5 billion to help rehabilitate public and private companies affected by the prolonged-pandemic. DBP-Bldg-news-1080x714 In the first six months of the year, DBP said the lender has assisted 90 firms under its Rehabilitation...
Pag-IBIG Fund has made its cash loans more affordable by lengthening its payment term to three years, its top officials announced on last Thursday, Sept. 9, 2021. “During these difficult times, we continue to improve our programs to respond to the needs of our members. Last year, we launched...
Revenue collection from tariffs on imported rice exceeded the minimum funding requirement for the Rice Competitiveness Enhancement Fund (RCEF) in the first eight-months of the year, the Department of Finance (DOF) said. Palay In a statement, the DOF said the Bureau of Customs collected P11.69...
Commission on Higher Education (CHED) Chairperson J. Prospero E. De Vera debunked claims saying that there are no funds for all types of student financial assistance in 2022. (MARK BALMORES / MANILA BULLETIN) De Vera said Friday, Sept. 10 that his statement during the budget briefing on Sept. 9 on...
Pag-IBIG Fund posted earnings of P16.11 billion in the first half of 2021 amid the challenges posed by the continuing health crisis, a 14 percent increase compared to the same period last year, its top officials reported on Wednesday, 25 August. From January to June, Pag-IBIG Fund’s gross income...
The Commission on Audit’s admission of experiencing difficulty in auditing confidential and intelligence funds disbursements has made it necessary for Congress to pass the bill creating a joint congressional oversight body to examine multi-billion peso allocations for the said program. Malacanang...
