By Randy David
Following the Department of Justice’s raid of the detention quarters of the New Bilibid Prison’s very important prisoners last Monday, President Aquino expressed great alarm over the discovery of firearms in the possession of these dangerous detainees.
By Florencio B. Orendain
, Marilou O. Adea
The Pag-Ibig Fund is 35 years old. There is merit in looking at its beginnings and finding lessons from its experience to be able to push capital formation by the working class today: the evolving middle class from overseas Filipinos.
We cannot help but compare Pag-Ibig’s rates of employee-employer contributions with those of the Employees Provident Fund (EPF) of Malaysia and of the Central Provident Fund (CPF) of Singapore. This is best captured by the table of rates of contribution below:
6.3 million housing backlog estimate in 2011-2017 13.5 million Pag-Ibig members as of 2013 P344.67 billion total Pag-Ibig assets (2013) P500,000 minimum housing loan amount P6 million maximum housing loan amount 30 years maximum repayment period Interest rates Housing loan* (as of August 2014): Based on fixing period […]
By Neal H. Cruz
If there is money that can be stolen, thieves will surely come and steal them.