Death Row

Death Row A Country Development Perspective The Bonifacio Post takes its namesake from the business center of Bonifacio Global City and a co-founder of this nation.

We are the voice of the Filipino Business World and Expatriate Community. Save for our opinion and business perspectives, our news only come from press release and reliable sources. Meanwhile, our whitepaper articles are based on prior research. Reporting live from Bonifacio Global City.

03/05/2023
03/05/2023

🐶🐱 Welcome to Shiba Cat! 🎗️ We have established a rescue team for stray cats and dogs. For more contact information or to join us, please visit our offici...

Pasig River has improved a lot since the 1990s. These are images of around the Escolta Ferry Station. October 2022.
16/04/2023

Pasig River has improved a lot since the 1990s. These are images of around the Escolta Ferry Station. October 2022.

MESSAGE FROM THE EDITORDear Readers,We are on trial Broadcast. Stay tuned!Best regards,Josh M. Aviñante
16/04/2023

MESSAGE FROM THE EDITOR

Dear Readers,

We are on trial Broadcast. Stay tuned!

Best regards,

Josh M. Aviñante

Pasig River's Escolta Station.
06/04/2023

Pasig River's Escolta Station.

06/04/2023

President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s highest dividend rates since the Covid-19 pandemic, as its Regular Savings dividend rate for 2022 reached 6.53 percent and its Modified Pag-IBIG 2 (MP2) Savings surged to 7.03 percent per annum.

The dividend rates on the members' savings of the agency were the highlights of the Pag-IBIG Fund Chairman’s Report for 2022, where the president spoke before a gathering of agency members, partners and stakeholders at the SMX Convention Center, Tuesday (March 28).

“It makes me proud that your agency’s stewardship of our national savings program has successfully provided affordable shelter financing for our people. Let me thank all of you, the members who are the owners of Pag-IBIG Fund, including concerned housing developers, partners, and other key stakeholders who have been instrumental in fulfilling the Pag-IBIG Fund’s mandate, of serving the Filipino workforce,” the President said.

“As the Pag-IBIG Fund was established under the presidency of my father, I look forward to your efforts in continuing his legacy of quality public service into the future. I urge you to sustain the transparency and accountability in all the work that you do. Thus, we are able to maintain the public's renewed trust in government. Let us ensure that the Pag-IBIG Fund remains at the forefront of fulfilling our peoples' aspirations,” the chief executive added.

Pag-IBIG Fund posted its best performing year in 2022 as the agency’s net income reached a record high P44.50 billion, a 28% increase from the P34.69 billion the year prior.

The agency also reported several record high figures for the year, with home loans reaching P117.85 billion; total membership savings collected amounting to P79.90 billion and loan payments amounting to P127.42 billion.

Pag-IBIG Fund also assisted the highest number of members with 105,212 securing new homes from its housing loan programs and over 2.61 million aided through its short-term loans. The agency ended the year with total assets at its highest, amounting to P827.40 billion.

Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who also heads the 11-member Pag-IBIG Fund Board of Trustees, explained that the dividend rates are the result of the agency’s record-high net income coupled with the highest dividend payout ratio approved by the Pag-IBIG Board.

Acuzar said that while the agency is required to give back to members only at least 70 percent of its annual net income as dividends, the Pag-IBIG Board approved a 97 percent payout ratio, resulting in a dividend amount to P42.70 billion - the highest in the agency’s history.

“We at Pag-IBIG do all that we can to keep the returns on our members’ savings high, while ensuring the Fund’s sustainability and stability. With Pag-IBIG Fund capably led by its CEO 'Manang' Malen Acosta having its best performing year in 2022, we were able to declare the highest amount of dividends for our members’ savings in our 42-year history,” the DHSUD chief said.

“Truly, when Pag-IBIG Fund performs well, it is our members who benefit the most. We assure our members that Pag-IBIG Fund shall be their reliable partner as they pursue a better and more secure future,” the Pag-IBIG Chairman noted. (end)

06/04/2023
06/04/2023
06/04/2023
06/04/2023
06/04/2023

LOOK: The construction of the four-lane, 32-kilometer Cavite-Bataan Bridge across Manila Bay is expected to boost economic activity in Luzon by providing improved and direct access between the northern and southern parts of Metro Manila, which are Luzon’s two growth areas.

Read more: https://pco.gov.ph/news_releases/iconic-cavite-bataan-cable-stayed-bridge-to-be-built-under-pbbm-admin-seen-to-boost-economy/

To receive on-the-go updates on the Philippine economy, JOIN the DOF Viber community: https://vb.me/dofcommunity


The year Steve Jobs became the CEO of Apple once more.
06/04/2023

The year Steve Jobs became the CEO of Apple once more.

This shall be our foundation in covering financial news.
06/04/2023

This shall be our foundation in covering financial news.

24/03/2023
18/12/2022

STATEMENT BY VICE PRESIDENT SARA Z. DUTERTE ON THE DEATH OF JOSE MARIA SISON

May God have mercy on his soul.

17/12/2022

This week, the Philippines and Japan marked another major milestone in their blossoming security partnership. For the first time since the end of World War II, which saw Imperial Japanese forces br…

17/12/2022

Just in. Jose Maria Sison, founder of the CPP-NPA-NDF has passed away.

17/12/2022

Hello World!

17/12/2022

We all are aware of Chinese engineering, their mastery of architecture, and their bewildering variety of bridges around the nation. In 2013, the Belt and Road Initiative was established. China proved that it is the Silk Road tradition's heir. Seventy nations are connected by land and maritime routes...

17/12/2022

Photo caption: Professor Danilo Concepcion (right), President of the University of the Philippines System, is looking on to BCDA Chairman Delfin Lorenzana as he puts a copy of the masterplan for the construction of a satellite campus of UP in New Clark City. BCDA Photo....

SSS is hiring.
17/12/2022

SSS is hiring.

📣 WE ARE HIRING! Join our team!
For more details, head to bitly.com/SSSisHiring
Deadline of submission of applications is on January 16, 2023.

17/12/2022

Pag-IBIG Fund is 42!

Sama-sama nating ipagdiwang ngayong araw ang ika-42 anibersaryo ng Pag-IBIG Fund na may temang “Isang Pag-IBIG na Katuwang ng Mangagawang Pilipino.” Kami po ay patuloy na naglilingkod sa mga manggagawang Pilipino sa buong mundo.

This year, we achieved yet again record-breaking figures which show our diligence in managing the savings of all Pag-IBIG members, our dedication in helping them when they need us most, and our bond with our stakeholders.

We have been your Lingkod Pag-IBIG, always delivering Tapat na Serbisyo, Mula sa Puso for over four decades. We look forward to more years of serving you! Maraming salamat po sa tiwala ninyo sa amin!

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