Pag-IBIG Fund financed 18,657 homes for low-income and minimum-wage earners in 2022, its top officials announced Friday (January 27). Socialized homes represent 18% of the 105,212 homes financed by the agency for 2022. The aggregate amount released for socialized housing loans, meanwhile, is 7% or...
The Asian Development Bank (ADB) has approved a loan that aims to help the government expand economic opportunities in agriculture. In a statement on Friday, Jan. 27, the Manila-based multilateral institution said the bank approved a $500 million policy-based loan to the Philippines that seeks to...
Over 100,000 members with new homes Pag-IBIG Fund released a record-high P117.85 billion in home loans to finance the housing units of 105,212 members in 2022, its top officials announced January 18 (Wednesday). For 2022, the amount of home loans released by the agency increased by 21% or P20.57...
France has provided the Philippines nearly P9 billion (15​0​ million euros) as ​policy-based ​loan assistance for the country​'s​ climate actions​ and green recovery from Covid-19.​ French Ambassador to the Philippines Michèle Boccoz and...
ACEN secures AU$277-M loan for Australia projects Ayala-led ACEN Corporation has secured AU$277-million syndicated loan to continuously bankroll its utility-scale renewable energy (RE) projects in the Australian energy market. The syndicated loan has been sourced from the Bank of China in Manila...
The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy...
LAOAG CITY, Ilocos Norte – Out-of-school youths (OSYs) in Ilocos Norte can now avail of agricultural loans following the launching last week by the Department of Agriculture-Agricultural Credit Policy Council (DA-ACPC) of its credit and financing facility in the province. MAP of the Philippines...
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...
