Pag-IBIG Fund Net Income Surges 24% Amid Strong MP2 Savings Demand
Economy

Pag-IBIG Fund Net Income Surges 24% Amid Strong MP2 Savings Demand

The Pag-IBIG Fund in the Philippines reported a 24% year-on-year increase in net income to P63.23 billion for the first nine months, driven by strong housing loan disbursements and acquired asset disposals. Demand for its MP2 savings program also remained robust despite inflationary pressures.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • Prosecutor Flags Potential Tax Evasion in VP Duterte's Income-Deposit Gap

    A prosecutor in the impeachment trial of Philippine Vice President Sara Duterte has highlighted a P111.85 million gap between her declared income and bank deposits, raising questions about potential tax evasion. The discrepancy fuels concerns about her unexplained wealth and tax compliance.

  • CoA flags DILG for P567.12-M accounting gaps

    The Commission on Audit (CoA) has flagged P567.12 million in accounting deficiencies at the Department of the Interior and Local Government (DILG), citing unreconciled records and property discrepancies that affect the reliability of its financial balances. Delays in the construction of the 911 National Office and Command Center building were also noted.

  • Luzon Economic Corridor Poised to Generate Over 10% of GDP: JLL

    Projects connected to the Luzon Economic Corridor (LEC) initiative are projected to generate P2.5 trillion to P2.9 trillion in direct economic output, equivalent to 11% to 13% of the Philippines' gross domestic product (GDP), according to JLL Philippines. This potential output surpasses that of remittances from overseas Filipino workers and the IT-BPO and tourism sectors.

  • Fertilizer Orders Delayed by Weak Peso, Raising Import Costs and Busting Procurement Budgets

    The Philippine Department of Agriculture (DA) has announced delays and rescheduling of fertilizer procurement due to soaring import prices caused by the weak peso. This is also increasing the cost of rice imports, impacting plans to offset lower domestic production.