By Jose Ma. Montelibano
Globalization is particularly effective among Filipinos. The great Filipino capacity for assimilation enables us to adjust much quicker to external influences, particularly the dominant ones. In many ways, this special trait allows fast adaptation and has brought blessing after blessing. In other ways, it has been most destructive to a people unable to hold firm on what it most important in culture and history.
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 Randy David
We know only too well what it means to have an undocumented relative living abroad. A parent dies and one of the children could not be at the funeral. An explanation, about invalid papers, is offered in hushed tones: “Hindi pa ayos ang papeles.” Or, we ask why someone very bright, with a college degree from a top university, could get only low-paying menial jobs after so many years living in the United States. And again, we are told: “Wala pa kasing papeles.”