To prop funding for its robust investment pipeline, Ayala-led ACEN Corporation will be tapping P30.5 billion in additional loans. As disclosed to the Philippine Stock Exchange (PSE), the targeted loan procurements approved by the board of directors of ACEN in their regular meeting last March 8 will...
Muntinlupa Mayor Jaime Fresnedi refuted claims by his detractors that the city government already used a P1.2 billion standby loan from Landbank of the Philippines. In March 2021, the Muntinlupa City Council passed an ordinance authorizing Fresnedi to enter into a loan agreement with Landbank in...
Members to earn dividend rate of 5.16% on Regular Savings, 5.66% on MP2 Pag-IBIG Fund netted an income of over P30 billion for the fifth consecutive year in 2021 despite the ongoing pandemic, the agency’s top executive announced on Thursday (Feb.24) during the Pag-IBIG Fund Chairman’s Report....
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is banking on the country’s economic recovery in bringing down its soured loans to single-digit within one year. Acmad Rizaldy P. Moti, Pag-IBIG Fund chief executive officer, said the company’s non-performing loan (NPL)...
CAINTA, Rizal--Presidential candidate Senator Manny Pacquiao says that he will distribute to the poor any excess campaign donations he will receive from donors. Despite retiring from the boxing ring, Senator Manny Pacquiao remains popular among adoring Fiipino fans. He was mobbed by supporters...
State-run Social Security System (SSS) has started the refund of the loan payments collected at the height of the pandemic two years ago. In a statement, Aurora C. Ignacio, SSS president and chief executive officer, said on Friday, Feb. 11, that the pension fund will refund P105 million worth of...
A loan agreement amounting to 253.307 billion yen between the Philippines and Japan to fund the construction of the Metro Manila Subway Project (Phase 1) has been signed. (Photo courtesy of Japan Embassy in the Philippines) Japanese Embassy in the Philippines said the official development...
63577 The Development Bank of the Philippines (DBP) approved a P2.5-billion loan to Innov Block Development Corporation (IBDC) to fund the ongoing construction of The Limketkai Podium – a lifestyle and commercial mall in northern Caloocan City. Of particular interest to the state-owned bank is...
The Muntinlupa City government has granted zero-interest loan assistance to 200 micro, small, and medium enterprises (MSMEs) in the city to help them revive their businesses that have been hit by the COVID-19 pandemic. Mayor Jaime Fresnedi led a ceremonial turn-over ceremony of the loan assistance...
Pag-IBIG Fund has once again set a record-high as home loans breached P100 billion, even amid the ongoing pandemic, agency officials announced on Friday (Jan. 21, 2022). For 2021, Pag-IBIG Fund released home loans worth P97.28 billion. And, with interim releases for loans for house construction and...
State-owned Government Service Insurance System (GSIS) is granting emergency loan to members and pensioners in six regions in the country that bore the brunt of Typhoon Odette. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager said Friday, Jan. 14, that active members...
State-owned Social Security System (SSS) announced a financial aid to members and pensioners affected by Typhoon Odette. Aurora C. Ignacio, SSS president and chief executive officer said on Monday, Jan. 10, that Typhoon Odette victims may avail of their Calamity Loan Assistance Program (CLAP) and...
