State-owned Government Service Insurance System (GSIS) has introduced a new housing program tailored for government employees featuring zero down payment. Wick Veloso, GSIS president and general manager, announced on Monday, July 15, that the launch of this new program, which enables borrowers to...
By MYRNA M. VELASCO The magnitude of loans extended to the country’s electric cooperatives (ECs) had already surpassed P870 million mark within the first six months of the year, according to the National Electrification Administration. The government-run electrification agency specified that at...
For borrowers to see real-time updates of their housing loan payments and individual loan accounts, the Social Security System (SSS) will require them to present a Payment Reference Number (PRN) for their payments starting this month. SSS President and Chief Executive Officer Rolando Ledesma...
The Government Service Insurance System (GSIS) has waived more than P1.6 billion in penalties and interest discounts to support housing borrowers facing financial difficulties. Wick Veloso, GSIS president and general manager, said the debt relief under the pension fund’s housing loan program...
Social Security System (SSS) members who were affected by the recent magnitude 7.4 earthquake in Taiwan may now avail of a calamity loan until Aug. 20, 2024. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said the Calamity Loan Assistance Program (CLAP) to its members living,...
The Government Service Insurance System (GSIS) said it is prepared to offer emergency loans to its affected members and pensioners following the eruption of Mount Kanlaon. But in order to be eligible, GSIS said that members and pensioners who are impacted by the eruption must live in an area...
The Government Service Insurance System (GSIS) has announced an allocation of more than P4.3 billion in emergency loans to aid members and pensioners in 17 areas affected by El Niño. In a statement, GSIS said that 185,107 active members and old-age and disability pensioners in Negros Oriental,...
Pag-IBIG Fund’s home loan releases in the first quarter of 2024 reached P28.09 billion—the highest amount released by the agency for any January to March period in its history, its top officials announced during the North Luzon leg of the Stakeholders Accomplishment Report (StAR) last May 10....
The Government Service Insurance System (GSIS) has rolled out a debt relief program to aid borrowers currently facing payment challenges in its housing loan program. In a statement on Wednesday, May 8, Wick Veloso, GSIS president and general manager, said that the program is designed to...
Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
After the recent 7.2 magnitude earthquake in Taiwan, the Social Security System (SSS) will extend its calamity loan to the affected overseas Filipino workers (OFWs). In a briefing, Rolando Ledesma Macasaet, SSS president and chief executive officer said on Thursday, April 4, that active members...
Government Service Insurance System (GSIS) borrowers who have an e-wallet account in Maya can now easily make loan payments. In a statement, Wick Veloso, GSIS president and general manager, said that Maya, formerly PayMaya, is now one of the online payment options within the mobile app, GSIS Touch....
