The Pag-IBIG Fund, National Housing Authority (NHA) and the Social Housing Finance Corporation (SHFC) signed an agreement on Labor Day to construct almost 8,000 housing units in major cities as part of the government’s flagship Pambansang Pabahay para sa Pilipino or 4PH Program. Under the...
Pag-IBIG Fund has upgraded its popular Multi-Purpose Loan (MPL), enabling members to borrow more, qualify sooner, and enjoy increased flexibility, affirming its dedication to supporting the financial needs of Filipino workers. Under the improved Pag-IBIG MPL, members can now borrow up to 90%...
Pag-IBIG Fund continues to support members through the Pag-IBIG Home Equity Appreciation Loan (Pag-IBIG HEAL), providing housing loan borrowers affordable and convenient access to ready cash for home improvement, expansion, or other family expenses. Pag-IBIG HEAL allows borrowers with...
Liberalized rice trade in the Philippines not only pulled prices down but also benefited farmers as well as the poor, according to the World Bank. The World Bank deems short-term subsidies—like the so-called "NFA rice" of the past—as ineffective in lifting the food-poor from their plight, as...
The Philippines has urged international financial institutions (IFIs) to increase their assistance to emerging markets and developing economies (EMDEs) amid escalating global challenges and risks. “International financial institutions, such as the World Bank and the International Monetary Fund...
The Philippines' economic growth would fall below expectations in the next two years as the threat of a global trade war intensifies, according to the International Monetary Fund (IMF). In its April 2025 World Economic Outlook (WEO) report, published on Tuesday night, April 22 (Philippine time),...
Surging United States (US) tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the Washington-based multilateral lender International Monetary Fund (IMF). The IMF’s Managing Director, Kristalina Georgieva, said Thursday,...
NextAsia Land Inc. continues to solidify its standing as a premier real estate developer, earning recognition as one of the top developers in the South by the Pag-IBIG Fund. This esteemed award underscores NextAsia Land’s unwavering commitment to providing high-quality housing and its vital role...
Improving cross-border trade and combating government corruption could transform the Philippine economy into a more sophisticated and investor-attractive one, propelling growth by an additional three percent over four years. “Combining deliberate, ambitious structural overhauls can help the...
US President Donald J. Trump's protectionist policies remain the top risk to Philippine economic prospects this year, according to the think tank Capital Economics. "A key uncertainty over the coming year is whether and to what extent Donald Trump follows through with his threats to impose tariffs...
Caritas Philippines president Bishop Jose Colin Bagaforo (CBCP) Caritas Philippines, the Catholic Church’s social action arm, has expressed concerns over the Maharlika Investment Corporation's (MIC) decision to provide a $76.4 million bridge loan to Makilala Mining Company Inc., a local affiliate...
BACOLOD CITY – The municipal government of La Castellana in Negros Occidental has asked the national government for P47 million in additional funding to replenish their resources for the evacuees of Kanlaon Volcano. MANGILIMUTAN Mayor Rhummyla Nicor-Mangilimutan said that the amount will help...
