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...
contact-us-1 The Development Bank of the Philippines (DBP) launched a new loan program for utility-scale solar power developers in the country and boost investments in the renewable energy sector, President and Chief Executive Officer Emmanuel G. Herbosa announced Dec. 28, 2021. Specifically, the...
The Philippines and South Korea signed on Friday, Dec. 17, an agreement for a US$100-million loan intended to boost the country's coronavirus disease (COVID-19) vaccination program. DOF Secretary Carlos Dominguez III and South Korean Ambassador to the Philippines Kim Inchul (Photo courtesy of the...
DBP-Bldg-news-1080x714-1 The Development Bank of the Philippines (DBP) granted a P311.8-million term loan to the local government unit (LGU) of Tuguegarao City for public infrastructure and agriculture productivity enhancement. Specifically, the loan will finance the construction of a core shelter...
The Government Service Insurance System (GSIS) announced on Tuesday, Nov. 30 that their improved pension loan can now be availed by old-age pensioners. GSIS "Ang GSIS enhanced pension loan ay ang dating GSIS pension loan na pinaganda ang features upang mas matugunan ang pinansyal na pangangailangan...
New Naga City Level 1 Hospital The Development Bank of the Philippines (DBP) granted a P700-million loan to the local government unit (LGU) of Naga City, Camarines Sur to fast-track public infrastructure and social development. The LGU will use the loan to build a three-storey Level 1 New Naga City...
