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:
It seems most everyone has learned the right lesson from Supertyphoon “Yolanda.” Both the national government and those local governments in the path of Typhoon “Ruby” went to great lengths to prepare for the inevitable; as many as three-quarters of a million residents in at-risk areas willingly complied with evacuation orders. “People did not need much convincing to move to safety,” Social Welfare Secretary Dinky Soliman told the Associated Press. “In fact many of them volunteered to go.”
By Neal H. Cruz
If there is money that can be stolen, thieves will surely come and steal them.
By Rex D. Lores
Exactly 73 years ago today, Dec. 8, Japan’s imperial forces devastated US air bases in the Philippines some nine hours after the treacherous attack on Pearl Harbor. With the destruction of the strategic naval base in Oahu, America totally lost the capability to assist or reinforce its forces in the Pacific.
The march of the coconut farmers from Davao to Manila was meant to dramatize their peculiar predicament: Despite a Supreme Court finding that the coconut levy funds collected and used by the Marcos administration almost four decades ago actually belonged to them, they have not yet benefited directly from the funds. The original route and schedule of the march were designed to focus attention on what is owed them: 71 coconut farmers, 71 days, over 1,700 kilometers to represent the P71 billion that was collected from them, plus accumulated interest.