Pag-IBIG Fund has earned the Commission on Audit’s (COA) highest audit rating for the ninth consecutive year even amid the pandemic, top officials announced on Friday, August 6. In a letter dated July 29, COA informed the agency that it has rendered an unmodified opinion – its highest rating – on the fairness of the …
BUSINESS
Hidilyn Diaz receives her gift: A P14-M fully-furnished condo unit in Eastwood City
The Philippines’ first and only Olympic gold medalist, Hidilyn Diaz, can now officially call Eastwood City her home. The 30-year-old Diaz on Monday, August 9, received her P14-million, fully-furnished two-bedroom condominium unit gift at the 47-storey One Eastwood Avenue from tycoon Dr. Andrew L. Tan and property giant Megaworld, days after returning to the country …
Pag-IBIG’s Pandemic Response Wins Gold at 2021 Asia-Pacific Stevie Awards
Pag-IBIG Fund’s response to aid members and stakeholders cope with the COVID-19 pandemic won a gold award under the Most Valuable Government Response category in the recently concluded 2021 Asia-Pacific Stevie Awards. The agency also bagged two bronze awards for its efforts to protect its employees’ welfare amid the pandemic under the Most Exemplary Employer …
AYALA MALLS CAPITOL CENTRAL RECEIVES THE SAFETY SEAL
The City Government of Bacolod awarded Ayala Malls Capitol Central the Safety Seal for the mall’s compliance to the health safety standards and ensures the public a safe experience in the mall. The Safety Seal Certification confirms that an establishment is compliant with the minimum public health and safety standards set by the government, and …
INSULAR LIFE NAMES NEW CHIEF OPERATING OFFICER
Insular Life (InLife), the country’s largest Filipino life insurer, has appointed Efren C. Caringal, Jr. as Chief Operating Officer (COO) with the rank of Sr. Executive Vice President. As an insurance professional, Efren has handled executive roles in the Middle East, Germany, Ireland, and Singapore before coming back to Manila when he was appointed Chief …
DBP grants P730-M for new health care facility in Quezon province
State-owned Development Bank of the Philippines (DBP) has granted a P730-million loan to a fledgling hospital chain to build the first Level 2 hospital in Quezon Province, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank’s credit support to Allied Care Experts (ACE) Medical Center Sariaya, Inc. will …
Pag-IBIG launches Virtual Offices to deliver 24/7 service to overseas Filipinos
Officials of Pag-IBIG Fund launched on Friday, July 23, the Pag-IBIG Virtual Offices catering to overseas Filipinos in North America (United States and Canada), United Kingdom & Ireland, United Arab Emirates & Kuwait, and Singapore. The Pag-IBIG Virtual Offices began operations in June this year. The service model is a departure from the agency’s traditional …
PAG-IBIG FUND FINANCES 10,640 HOMES FOR LOW-WAGE EARNERS IN H1 2021, UP 99%
Pag-IBIG Fund extended socialized housing loans to 10,640 members from the minimum-wage and low-income sectors in the first half of 2021 despite the continuing pandemic, top officials announced Wednesday, July 21. The number of socialized home loans makes up 24% of the total 43,573 home loans released by the agency from January to June this …
SUNTRUST RELEASES NEW HOME TOUR SERIES TO SHOWCASE ITS VAST PROJECT PORTFOLIO
Renowned developer Suntrust Properties, Inc. premiered this year’s first episode of their new series, Suntrust Home Tour. “The show aims to showcase Suntrust’s existing projects nationwide and to give the public a closer look at the developer’s properties while staying inside the comfort of their homes. The series would allow them to know more about …
UN Climate Fund body taps DBP for climate mitigation and adaptation financing
State-owned Development Bank of the Philippines (DBP) has secured the accreditation of a United Nations-backed institution that provides financing support for environment and climate-related programs and advocacies in line with the Paris Agreement and Kyoto Protocol, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said DBP is only the second …