BUSINESS

  Pag-IBIG Fund released a record-high P126.04 billion in home loans to finance the housing units of 96,848 members in 2023, its top officials announced February 08 (Thursday). The amount of housing loans released in 2023 grew by P8.19 billion or 7 percent compared to the P117.85 billion released last year. The amount was able …

Sherwin Lucas has been appointed Area General Manager for Park Inn by Radisson Bacolod and Park Inn by Radisson Iloilo. Prior to his promotion to Area General Manager, Sherwin was the General Manager of Park Inn by Radisson Bacolod since 2021, during which the hotel achieved various milestones such as receiving the Department of Tourism …

Everyone has been eagerly anticipating the launch of the new Jimny 5-door ever since reports of its sightings have been published late last year. Fortunately, the long wait is over as Suzuki Philippines, the country’s pioneer compact car distributor, officially unveiled the New Jimny 5-door on January 25, 2024 at The Cove, Okada Manila. Suzuki Philippines …

MR.DIY, the renowned home improvement and lifestyle retail chain, made a vibrant addition to the Sinulog 2024 festivities, captivating attendees with their engaging participation and community-centric initiatives. From January 16 to 21, 2024, MR.DIY’s presence illuminated the celebration, fostering a spirit of excitement and camaraderie among festival-goers. Throughout the festivities, MR.DIY delighted attendees with interactive …

State-owned Development Bank of the Philippines (DBP) has extended a P2-billion loan to the Provincial Government of Palawan to support vital public infrastructure projects including the upgrade of the province’s road network and to beef up its disaster risk reduction initiatives, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus …

Pag-IBIG Fund members are set to enjoy doubled savings and higher cash loan entitlements while continuing to have access to affordable home loans, as the agency is set to increase the nearly four-decade old mandatory monthly savings for both members and their employers starting February 2024, officials announced Wednesday (17 January).  Under the agency’s new …

OFW organizations are also backing Pag-IBIG Fund’s plan to increase members’ monthly savings rate this year, agency officials announced Tuesday, (16 January). After gaining support from labor and employer groups, Pag-IBIG Fund’s plan also received nods from the Kapisanan ng mga Kamag-anak at Migranteng Manggagawang Pilipino, Inc. (KAKAMMPI), the Kabalikat ng Migranteng Pilipino, Inc. (KAMPI), …

  Pag-IBIG Fund gained the support of the Employers’ Confederation of the Philippines (ECOP) on its plan to increase the monthly contribution (savings) rates for both employers and members, the agency’s top executive announced Tuesday (09 January). With the agency gaining ECOP’s support, Pag-IBIG Fund has now secured both employer and labor groups’ backing as …

PAG-IBIG Fund secured the support of the Federation of Free Workers (FFW), one of the country’s top labor organizations, in its plan to increase the nearly four-decade old mandatory monthly savings rate for both members and their employers starting January 2024, officials stated Monday, Jan. 8. The FFW, in its letter to Pag-IBIG Fund, cited …

The Trade Union Congress of the Philippines (TUCP) has expressed its support to  Pag-IBIG Fund’s plan to increase the nearly four-decade old mandatory monthly  savings rate for both members and their employers starting January 2024.  In its letter to Pag-IBIG Fund, the TUCP reiterated its position in 2019 supporting the  agency’s planned increase. The trade …