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Pag-IBIG home loan releases reach record-high P57.07B in H1, up 10%
A week after being recognized by President Ferdinand R. Marcos, Jr. in his second State of the Nation Address for its record high home loans in 2022, Pag-IBIG Fund has again set a new record in home loans released for the first half of 2023, the agency’s top officials announced on 31 July. Pag-IBIG Fund released P57.07 billion in home loans from January to June this year, an increase of P5.11 billion or 10 percent compared to the P51.96 billion released during the same period in 2022. “Pag-IBIG Fund's performance in the first six months of 2023 in the home loan front now stands out as the best in our history. We are happy that the number of Filipino workers who were able to become homeowners through Pag-IBIG’s Housing Loan programs continues to grow. Inspired by President Marcos’s recognition of our efforts in his report to the people, we remain committed to his administration’s Pambansang Pabahay para sa Pilipino Housing or 4PH Program under the Bagong Pilipinas campaign, in line with our united efforts of providing our fellow Filipinos access to decent, safe and affordable homes,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees. Acuzar added that the amount of home loans released by the agency during the period enabled 44,414 members to acquire their own homes. He further noted that of this total number, 5,748 or 13 pecent are Pag-IBIG Fund members from the minimum-wage and low-income sectors who are now homeowners after securing a total of P2.42 billion in socialized home loans. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, attributes the continued growth in the agency’s home loan releases to its sustained affordability. She further expressed optimism that home loans will maintain its growth in the second half of the year, with Pag-IBIG Fund further reducing home loan rates earlier this month. “We at Pag-IBIG Fund always strive to provide our members, the Filipino workers, the means to have their own homes through affordable shelter financing. And, with our collections strong and our performing loans ratio high, we were able to further reduce the interest rates on our home loans and make it even more affordable. That is why we are optimistic that the excellent performance of our home loans will keep its pace for the rest of the year. More affordable home loans translate to more Filipinos turning their dreams of owning a home a reality,” Acosta said. The post Pag-IBIG home loan releases reach record-high P57.07B in H1, up 10% appeared first on Daily Tribune......»»
Pag-IBIG home loan releases reach record-high P57.07B in H1, up 10%
A week after being recognized by President Ferdinand R. Marcos, Jr. in his 2nd State of the Nation Address for its record high home loans in 2022, Pag-IBIG Fund has again set a new record in home loans released for the first half of 2023, the agency’s top officials announced Monday (July 31). Pag-IBIG Fund released P57.07 billion in home loans from January to June this year, an increase of P5.11 billion or 10% compared to the P51.96 billion released during the same period in 2022. “Pag-IBIG Fund's performance in the first six months of 2023 in the home loan front now stands out as the best in our history. We are happy that the number of Filipino workers who were able to become homeowners through Pag-IBIG’s Housing Loan programs continues to grow. Inspired by President Marcos’s recognition of our efforts in his report to the people, we remain committed to his administration’s Pambansang Pabahay para sa Pilipino Housing or 4PH Program under the Bagong Pilipinas Campaign, in line with our united efforts of providing our fellow Filipinos access to decent, safe and affordable homes,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees. Acuzar added that the amount of home loans released by the agency during the period enabled 44,414 members to acquire their own homes. He further noted that of this total number, 5,748 or 13% are Pag-IBIG Fund members from the minimum-wage and low-income sectors who are now homeowners after securing a total of P2.42 billion in socialized home loans. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, attributes the continued growth in the agency’s home loan releases to its sustained affordability. She further expressed optimism that home loans will maintain its growth in the second half of the year, with Pag-IBIG Fund further reducing home loan rates earlier this month. “We at Pag-IBIG Fund always strive to provide our members, the Filipino workers, the means to have their own homes through affordable shelter financing. And, with our collections strong and our performing loans ratio high, we were able to further reduce the interest rates on our home loans and make it even more affordable. That is why we are optimistic that the excellent performance of our home loans will keep its pace for the rest of the year. More affordable home loans translate to more Filipinos turning their dreams of owning a home a reality,” Acosta said. The post Pag-IBIG home loan releases reach record-high P57.07B in H1, up 10% appeared first on Daily Tribune......»»
Pag-IBIG Fund posts P21-B record profit
Shelter financing agency Pag-IBIG Fund netted a record high income of P20.61 billion in the first half, according to the agency’s top executives. From January to June, Pag-IBIG Fund’s gross income reached P35.03 billion, while net income amounted to P20.61 billion. Compared to the same period last year, gross income grew by 12 percent or P3.80 billion, while net income increased 11 percent or P2.05 billion, driven mainly by earnings from its housing and short-term (cash) loans and investment portfolios. “I am happy to report that Pag-IBIG Fund’s performance this year remains strong,” Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development said. “Our P20.61-billion net income during the first half of the year is the highest for any January to June period in our history. Our performance shows how excellently we are managing the funds that our members have saved with us. With our strong fiscal standing, we remain in a strong position to finance more homes under the Pambansang Pabahay para sa Pilipino or 4PH Program, in line with the directive of President Ferdinand Marcos Jr. under the Bagong Pilipinas Campaign to help more Filipinos have better and more dignified lives,” Acuzar added. P873B in assets He added that as of June, the agency’s total assets had reached P873.15 billion, a 6 percent or P45.75 billion growth from the yearend 2022 level of P827.40 billion. Pag-IBIG Fund chief executive officer Marilene Acosta, meanwhile, emphasized that the increase in net income will redound to the benefit of its members. She noted that under its charter, Pag-IBIG Fund is mandated to return at least 70 percent of its annual net income to its members in the form of dividends and returns, which are credited to their savings. “Pag-IBIG Fund is owned wholly by its members — the Filipino workers. That is why as administrators of the fund, it is our responsibility to manage their contributions wisely and excellently. With our second half projections on our loan releases, collections and performing loans ratio high, we are optimistic that we can maintain our financial performance and provide Filipino workers the best returns on their savings, as well as the means to acquire their own homes through our affordable home financing,” Acosta said. The post Pag-IBIG Fund posts P21-B record profit appeared first on Daily Tribune......»»
Pag-IBIG Fund posts record high P20.61-B income in H1 2023
Pag-IBIG Fund netted a record high income of P20.61 billion in the first half of 2023, the agency’s top executives announced on Thursday, 20 July. From January to June, Pag-IBIG Fund’s gross income reached P35.03 billion, while net income amounted to P20.61 billion. Compared to the same period last year, gross income grew by 12 percent or P3.80 billion while net income increased 11 percent or P2.05 billion, driven mainly by earnings from its housing and short-term (cash) loans, and investment portfolios. “I am happy to report that Pag-IBIG Fund’s performance this year remains strong. Our P20.61 billion net income during the first half of the year is the highest for any January to June period in our history. Our performance shows how excellently we are managing the funds that our members have saved with us. With our strong fiscal standing, we remain in a strong position to finance more homes under the Pambansang Pabahay para sa Pilipino or 4PH Program, in line with the directive of President Ferdinand Marcos, Jr under the Bagong Pilipinas Campaign to help more Filipinos have better and more dignified lives,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who serves as chairperson of the 11-member Pag-IBIG Fund Board of Trustees. He also added that as of June, the agency’s total assets have already reached P873.15 billion, a 6% or P45.75 billion growth from the yearend 2022 level of P827.40 billion. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, emphasized that the increase in net income shall be redound to the benefit of its members. She noted that under its charter, Pag-IBIG Fund is mandated to return at least 70 percent of its annual net income to its members in the form of dividends and returns, which are credited to their savings. “Pag-IBIG Fund is owned wholly by its members - the Filipino workers. That is why as administrators of the Fund, it is our responsibility to manage their contributions wisely and excellently. With our second-half projections on our loan releases, collections, and performing loans ratio high, we are optimistic that we can maintain our financial performance and provide Filipino workers the best returns on their savings as well as the means to acquire their own homes through our affordable home financing," Acosta said. The post Pag-IBIG Fund posts record high P20.61-B income in H1 2023 appeared first on Daily Tribune......»»
PAO IS NOT ANTI-VACCINE
PERSONALITIES linked to Dengvaxia, the experimental anti-dengue vaccine indiscriminately injected to more than 830,000 Filipino children and adults have recently embarked on a media campaign to frustrate the government’s Covid-19 vaccination campaign as they put the blame on the Public Attorney’s Office over the people’s vaccine hesitancy. This, as PAO chief Persida Rueda-Acosta came out […] The post PAO IS NOT ANTI-VACCINE appeared first on REMATE ONLINE......»»
Contagious pertussis disease continues spreading in Philippines
MANILA, March 28 (Xinhua) -- The contagious pertussis has continued spreading in the Philippines, where it has caused at least 40 death cases, after a province near the capital region reported an outbreak of the disease. In a social media post on Wednesday night, the Cavite government posted a resolution declaring the province under a state of calamity "due to the outbreak of pertussis" after logging 36 cases an.....»»
D.C.Plinado Campaign pushed
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EXPLAINER: Why did the Baltimore bridge collapse and what is the death toll?
(Reuters) -Divers recovered the remains of two of the six missing workers more than a day after a cargo ship smashed into Baltimore’s Francis Scott Key Bridge. The bodies of two men were found in a red pickup truck submerged in the icy waters of the Patapsco River. Rescuers pulled two workers from the water.....»»
Reflecting on Your Business Setbacks
Challenges are an inevitable part of any endeavor, especially a business one. From unforeseen economic shifts to internal operational hurdles, every business owner will inevitably face obstacles that test their resolve. As we live in a fast-paced world, we sometimes forget about looking back, and what better time to do it than the Holy Week? […].....»»
Marvin hell-bent on punching way to Paris Olympics
Not to take part, but to take over......»»
RCBC to surrender trust license
Rizal Commercial Banking Corp. (RCBC) is looking to surrender its license to engage in trust and other fiduciary business as part of its efforts to make RCBC Trust Corp. a stand-alone trust entity......»»
Pia binasag nga ba si Heart sa ‘worth ng kababaihan’ campaign?
MAY “silent war” nga ba sina 2015 Miss Universe Pia Wurtzbach at Kapuso international fashion icon na si Heart Evangelista? Yan ang nakakaintrigang tanong ng mga netizens nang mapansin nilang tila sinagot ni Pia ang lumang Instagram post ni Heart noong January, 2024. Usap-usapan ngayon ng mga Marites ang matapang na statement ni Pia para.....»»
Spy Wednesday
What significant event took place on the Wednesday of the Holy Week? If Maundy Thursday was all about the Last Supper, the betrayal of Jesus, etc. and Good Friday was all about the kangaroo trial, torture and crucifixion and death of Jesus Christ and Easter Sunday was the glorious resurrection of our Lord, what, I wondered, happened on the Wednesday before......»»
Fisherfolk raise alarm over demolition of Navotas City fishing structures
“Affected fisherfolk and other residents ‘highly believe’ that the dismantling order is part of the 650-hectare reclamation project in the area.” The post Fisherfolk raise alarm over demolition of Navotas City fishing structures appeared first on Bulatlat......»»
‘Oplan Harabas’ starts
THE Philippine Drug Enforcement Agency-Davao Region (PDEA-Davao) has started its surprise drug test on bus and van drivers under “Oplan Harabas”, part of Oplan Biyaheng Ayos, on Tuesday morning, March 26, 2024......»»
RCBC surrenders trust license
Rizal Commercial Banking Corp. has surrendered its license to engage in trust and other fiduciary business as part of its efforts to make RCBC Trust Corp. a stand-alone trust entity......»»
China blocks Philippine supply run in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine military supply boat in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine supply run in disputed waters
Manilla and Beijing have traded accusations over a naval incident near the Spratly IslandsChinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tank landing ship over two decades ago.The incident occurred near the Second.....»»
China blocks Philippine military supply boat in disputed waters
Manilla and Beijing have traded accusations over a naval incident near the Spratly IslandsChinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tank landing ship over two decades ago.The incident occurred near the Second.....»»