The construction of three big-ticket railway projects in the Philippines, which was recently bared to have been withdrawn, under loan agreement with China will push through.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,...
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...
