The Development Bank of the Philippines (DBP) granted P152.1-million credit assistance to a Batangas-based transport cooperative for the acquisition of 85 modern Public Utility Jeepney (PUJs) units, to promote sustainable transport system in the province, the 7th most populous in the country. The...
The first bill filed in the House of Representatives in the 19th Congress has been approved on second reading by congressmen. The House plenary (Ellson Quismorio/ MANILA BULLETIN) Also known as House Bill (HB) No.1, the proposed Government Financial Institutions (GFIs) Unified Initiatives To...
Driven by the strong collection of home loan payments in the last 10 months, Pag-IBIG Fund’s performing loans ratio climbed to 89.96% in October, exceeding the agency’s yearend target by 196 basis points, top executives announced Monday (28 November). From January to October, home loan payments...
Up 27%; MP2 Savings surpass P33B, up 57% Pag-IBIG Fund members have saved more than P66 billion in the last 10 months, breaking yet another record for the period and exceeding all prior full year figures, top agency officials announced on Monday (November 14). From January to October, the amount...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
Pag-IBIG Fund posted earnings of ₱20.48 billion in the first half of 2022, an impressive 27% increase compared to the same period last year, its top officials reported on (Monday, 08 August). From January to June, Pag-IBIG Fund’s gross income reached ₱32.19 billion, while net income amounted...
State-run Government Service Insurance System (GSIS) is encouraging its members and pensioners affected by the recent earthquake in Abra to avail of the pension fund’s emergency loan. Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said their emergency loan program is now open...
Senator Lito Lapid ​has filed a measure seeking a moratorium on payments of student loans during times of disasters and other emergencies as part of the government's economic assistance to the public. Lapid filed Senate Bill (SB) No. 975, which aims to provide for the deferment of the...
Pag-IBIG Fund financed 8,471 socialized homes for minimum-wage and low-income members amounting to ₱3.67 billion in the first half of 2022, its top officials said Wednesday (July 20). Socialized home loans make up 19% of the total number of housing loans financed by the agency from January to...
The construction of three big-ticket railway projects in the Philippines, which was recently bared to have been withdrawn, under loan agreement with China will push through. According to China's Foreign Ministry spokesman Wang Wenbin, "the construction of more projects, including three railways, is...
Pag-IBIG Fund again surpassed its own record by releasing over P40 billion in home loans in the first five months of 2022, top officials announced on Tuesday (June 28). From January to May, the agency released home loans worth P40.41 billion, the highest ever amount released during the first five...
The Government Service Insurance System (GSIS) allotted close to P272 million worth of emergency loans for members and pensioners affected by massive flooding brought by heavy rains in Davao de Oro province in April. (GOVERNMENT SERVICE INSURANCE SYSTEM) GSIS is accepting applications until July 5,...
