IN A SPAN of only three months after Pag-IBIG Fund entered partnerships with the country’s top transport networks to provide better access to its membership, 13,128 delivery drivers and riders have registered as Pag-IBIG members and now enjoy the agency’s benefits. “We are very happy that a growing number of delivery riders are now part …
BUSINESS
Pag-IBIG Members save record-high P59.52B in Jan to Aug 2023, up 11%; MP2 Savings reach P31.50B, up 16%
Pag-IBIG Fund members collectively saved P59.52B in January to August this year, growing 11.45 percent year-on-year and setting a new record for the highest amount saved by members for any January to August period. “We are happy to see that more Filipino workers recognize the importance of saving and are choosing to save with Pag-IBIG …
PAGCOR taps Development Academy of the Philippines for reorganization push
THE Philippine Amusement and Gaming Corporation (PAGCOR) today announced another major move towards the privatization of its casinos by partnering with the Development Academy of the Philippines (DAP) in facilitating its reorganization process. PAGCOR Chairman and CEO Alejandro Tengco said they tapped DAP’s technical assistance to comply with the requirements of the Governance Commission …
DBP remits P25 billion for MIC
State-owned Development Bank of the Philippines (DBP) has remitted P25 billion to the Bureau of Treasury (BTr), which represents the Bank’s share in the initial seed capital in the Philippines’ pioneering sovereign wealth fund, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said DBP deposited the amount to the …
Pag-IBIG sets record anew as home loans reach P76.94B in Jan to Aug, up 6%
Pag-IBIG Fund has released P76.94 billion in home loans in the last eight months, breaking its record on the highest home loan disbursement for any January to August period, agency officials announced on Friday (September 15). “We are happy to report that Pag-IBIG Fund has once again set a record high in terms of home loan …
PAGCOR PHOTO CONTEST 2023 WINNERS BARED
THE much-awaited results of the Philippine Amusement and Gaming Corporation’s Photography Contest 2023 were finally revealed today, September 13, with PAGCOR’s announcement of the 24 grand winners from among 5,400 entries nationwide. The 12 winners in the conventional photography category received Php80,000 each in cash prizes, while the 12 winners in the mobile category took …
Merzci opens newest branch in the City of Smiles
Merzci (CM & Sons Food Products, Inc.), the well-loved Bacolod pasalubong brand, celebrates another exciting development with the opening of its newest branch in the East Side of Bacolod City. Merzci East is the company’s 69th branch in the country. This milestone speaks volumes about the company’s success and popularity among its customers. Opening …
DBP-DepEd partnership benefits Mindanao schools
State-owned Development Bank of the Philippines (DBP) has extended close to P2-million in educational aid to four secondary schools in Mindanao under the flagship corporate social responsibility program with the Department of Education (DepEd), a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the assistance was given under …
DBP backs innovative farming solution in Albay
State-owned Development Bank of the Philippines (DBP) has granted a P500-million funding support to various farmer cooperatives in Albay as part of efforts to advance sustainable and efficient farming practices in the province, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the amount will finance the “Digital Rice …
CM & Sons Food Products Inc., government’s partner in curbing malnutrition
By Mae Singuay With the goal of curbing malnutrition in the Philippines, CM & Sons Food Products, Inc. is pioneering an endeavor that aims to address malnutrition and iron deficiency anemia by unveiling its latest innovation — the Iron Rice Plus. The company, renowned for its well-loved Bacolod food pasalubong brand Merzci Bread & Pastries, …