Pag-IBIG Fund has earned its 13th consecutive unmodified opinion from the Commission on Audit (COA), reaffirming its commitment to excellence in financial management, sound governance practices, and consistent compliance with accounting and auditing standards, officials announced on Tuesday, July...
Incoming Cebu Gov. Pamela Baricuatro expressed displeasure over the move of outgoing Gov. Gwendolyn Garcia to create trust funds for several programs in the province. “I am deeply disappointed and appalled by the recent actions of the outgoing governor,” Baricuatro said in a Facebook post....
President Marcos encouraged the Association of Southeast Asian Nations (ASEAN) to contribute to the Fund for Responding to Loss and Damage, emphasizing that climate change remains the "most defining challenges of our time." During his intervention at the 2nd ASEAN-Gulf Cooperation Council (GCC)...
President Marcos wants patients to get prompt responses on their request for cancer fund from the government, asking the Department of Health (DOH) not to delay the process. "Sana rin ay bilisan ang pagproseso sa mga request sa Cancer Fund. Siguraduhing alam na agad ng pasyente kung kailan niya...
The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
Malacañang has welcomed the $10 million grant from a multilateral agency to help climate-vulnerable towns in Tawi-Tawi secure safe and reliable water access amid growing climate challenges. Communications Undersecretary Claire Castro (RTVM Screenshot) The project dubbed “Harnessing the...
Maharlika Investment Corp. (MIC), which manages the Philippines ' first sovereign wealth fund, is eyeing at least three new investments before the year ends, aiming to bring total capital commitments to as much as ₱37 billion just two years into its establishment. In a telephone interview on...
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...
