The government Service Insurance System (GSIS) has approved the grant of emergency loans to residents of Quezon City who were affected by last month’s torrential monsoon rains which led to widespread flooding.
In an apparent effort to encourage members to avail themselves of various programs other than housing loans, the head of the government’s home development mutual fund (called Pag-Ibig), Darlene Marie B. Berberabe, has taken to describing its multipurpose loan (MPL) as an “antidepressed loan.”
The Social Security System (SSS) has extended its call center operations to 16 hours on weekdays amid intensified efforts to make members be more active, including those who are based abroad.
THE Metropolitan Cebu Water District did not apply for a loan worth $400 million neither would it do so because the utility is not capable of paying this. MCWD general manager Armando Paredes assured this during a public hearing yesterday. Councilor Alvin Dizon called for the public hearing after the MCWD employees’ union (MEU) and [...]
The LandBank the Philippines lost almost half a billion pesos in loans to cooperatives and countryside financial institutions in 2010, the Commission on Audit (COA) reported.
The Social Security System and the Pag-Ibig Fund are offering some members and employers full or partial relief on penalties for unpaid loans and unremitted contributions, according to officials.
PAG-IBIG Fund, in partnership with Landbank of the Philippines (LBP), make multi-purpose loan (MPL) availment easier and more convenient through the LBP Cash Card. The approved loan amount is deposited directly to the member-borrower’s cash card account and can be withdrawn anytime and anywhere through any Landbank ATM, Expressnet, Megalink and all Bancnet member banks. [...]
Benjamin Pinpin—the mid-level lawyer at Development Bank of the Philippines (DBP) who committed suicide in August—was driven to depression after he received successive letters from the bank’s board of directors threatening imminent legal action for his role in a purportedly anomalous loan to businessman Roberto Ongpin.
MANILA, Philippines — Senators grilled Friday government officials over the alleged anomalous transactions involving large-scale loans during the Arroyo administration. The committees on accountability of public officers and investigations (Blue Ribbon) and Banks, Financial Institutions and Currencies are conducting the joint inquiry into the P660 million loan granted by the Development Bank of the Philippines [...]
MANILA, Philippines—Representative Nicanor Briones of the Agricultural Sector Alliance of the Philippines (AGAP) party-list group said on Monday that the Limcoma Multi-Purpose Cooperative obtained a P28.87-million loan in 2005 from the Agriculture Competitiveness Enhancement Fund, when he was not yet a congressman. Speaking from the United States, Briones said he served as president of the [...]
Reacting to concerns raised by housing developers, the top official of the Home Development Mutual Fund, popularly known as Pag-Ibig Fund, said that changes were necessary to ensure the fund’s continued viability and delivery of services to its 9.5 million members worldwide. “As a state financial institution, it is our duty as administrators of the [...]
Reacting to concerns raised by housing developers, the top official of the Home Development Mutual Fund, popularly known as Pag-Ibig Fund, said that changes were necessary to ensure the fund’s continued viability and delivery of services to its 9.5 million members worldwide. “As a state financial institution, it is our duty as administrators of the [...]
Senator Panfilo “Ping” Lacson questioned on Monday the $180 million loan that the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP) allegedly gave to a single company.
