Pag-IBIG Fund posted earnings of ₱20.48 billion in the first half of 2022, an impressive 27% increase compared to the same period last year, its top officials reported on (Monday, 08 August). From January to June, Pag-IBIG Fund’s gross income reached ₱32.19 billion, while net income amounted...
State-run Government Service Insurance System (GSIS) is encouraging its members and pensioners affected by the recent earthquake in Abra to avail of the pension fund’s emergency loan. Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said their emergency loan program is now open...
Senator Lito Lapid ​has filed a measure seeking a moratorium on payments of student loans during times of disasters and other emergencies as part of the government's economic assistance to the public. Lapid filed Senate Bill (SB) No. 975, which aims to provide for the deferment of the...
Pag-IBIG Fund financed 8,471 socialized homes for minimum-wage and low-income members amounting to ₱3.67 billion in the first half of 2022, its top officials said Wednesday (July 20). Socialized home loans make up 19% of the total number of housing loans financed by the agency from January to...
The construction of three big-ticket railway projects in the Philippines, which was recently bared to have been withdrawn, under loan agreement with China will push through.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...
