The Government Service Insurance System (GSIS) granted a total of P221 billion of loans to 1.38 million active members and pensioners nationwide from January 2021 to May 15, 2022. (GOVERNMENT SERVICE INSURANCE SYSTEM) “We rolled out several programs under our 'Ginhawa for All' benefit bundles to...
China has approved the Philippines' $350-million loan for the construction of the P19.32-billion Samal Island-Davao City Connector (SIDC). Chinese Ambassador Huang Xilian and Finance Secretary Dominguez exchanged the Framework Agreement and Loan Agreement for Samal Island-Davao City Connector...
State pension fund Government Service Insurance System (GSIS) extended the condonation program for its former members until June 30 this year. (Image courtesy of GSIS) The extension of Program for Restructuring and Repayment of Debts (PRRD) aims to give GSIS inactive members more time to pay their...
Ten months after its partnership with Bayad (former Bayad Center), state pension fund Government Service Insurance System (GSIS) has already gathered a total of P113 million worth of loan payments. (Image courtesy of GSIS) In a statement released May 2, GSIS said that there are already 3,003...
Independent presidential candidate Senator Panfilo “Ping” Lacson wants to simplify the application process for state-funded loans in order to speed up the economic recovery of small business owners and other stakeholders from the micro, small, and medium-sized enterprises (MSMEs). Lacson...
If he would have his way, senatorial candidate Herbert “Bistek” Bautista would provide loan packages worth P100,000 to micro, small, and medium enterprises (MSMEs) that were battered by the economic impact of the Covid-19 pandemic. ( Tim Mossholder/ Unsplash) “But let’s not give aid without...
Bulk purchase of housing loan receivables in the offing Housing developers and originators participated in the consultation meeting spearheaded by NHMFC Securitization Group Vice President, Maria Luisa Favila, to gather insights on the proposed HLRPP Bulk Purchase Scheme. The National Home Mortgage...
Ayala-led ACEN Corporation has inked P13.7 billion omnibus loan and security agreement with Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corporation (RCBC) as energy transition mechanism (ETM) funding for its 244-megawatt South Luzon Thermal Energy Corporation’s (SLTEC) coal...
A program that offers a credit limit of P5 million will soon be made available to members of the Government Service Insurance System (GSIS), having a maximum payment term of 10 years and relaxing the borrowers’ eligibility requirements. GSIS The Multi-purpose Loan (MPL) Plus, according to GSIS...
The computer loan program of the state pension fund Government Service Insurance System (GSIS) for its members will still be available until June 30 this year. The agency’s Ginhawa for All (GFAL) Computer Loan aims to provide a loan window that grants a P30,000-assistance to GSIS members for the...
Senatorial candidate Gilbert “Gibo” Teodoro on Monday said the government should ease the requirements and processes for micro, small and medium enterprises (MSMEs) that seek loans in state-owned banks such as the Land Bank of the Philippines (LandBank) and the Development Bank of the...
A total of P151 billion loans have been released by the Government Service Insurance System (GSIS) to over 1 million members and pensioners in 2021, GSIS President and General Manager Rolando L. Macasaet disclosed. Macasaet noted that such is a four percent increase from the prior year’s total of...
