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GMA Network
01-08-2025
- Business
- GMA Network
Pag-IBIG Fund posts record-high P28.04B net income in H1 2025
The Home Development Mutual Fund or Pag-IBIG Fund saw its bottom line grow by double-digit in the first half of 2025 on the back of higher premium collections and earnings from its housing loan programs. In a statement on Friday, Pag-IBIG Fund reported a net income of P28.04 billion, up 15.25% or P3.71 billion from a year earlier. This is the highest net income recorded since the agency was founded in 1980, according to the housing fund. The fund added that its gross earnings stood at P44.39 billion, up 11.65% or P4.63 billion higher year-on-year. Pag-IBIG Fund said its financial performance during the period was due to strong collections and higher earnings from its housing and short-term loan portfolios. 'This performance shows how excellently we are managing the funds that our members have entrusted to us. With our strong fiscal standing, we remain capable of continuing to deliver our members' benefits and are in a solid position to finance more homes under the 'Expanded Pambansang Pabahay para sa Pilipino' or Expanded 4PH Program, in line with the directive of President Ferdinand R. Marcos Jr. to empower more Filipinos to achieve better, more dignified lives,' said Secretary Jose Ramon Aliling of the Department of Human Settlements and Urban Development, who also chairs the 11-member Pag-IBIG Fund Board of Trustees. Moreover, Pag-IBIG Fund said higher investment returns also contributed to its first half 2025 income growth. In particular, the fund's income from investments surged by 51.79% year-on-year to P4.27 billion 'driven by strategic placements in bonds and other debt securities, money market instruments, equities, and investment properties.' Pag-IBIG Fund said its investment income accounted for 5.56% of the fund's total gross earnings during the period. For her part, Pag-IBIG Fund CEO Marilene Acosta bared the fund's financial position. As of June 2025, Pag-IBIG Fund's total assets stood at P1.14 trillion, up 7.02% or P74.90 billion increase from the year-end 2024 figure of P1.07 trillion. Acosta said the agency's strong performance 'directly benefits its members' as the fund, under its charter, returns at least 70% of its annual net income to members in the form of dividends, which are credited to their savings every year. — BAP, GMA Integrated News
Filipino Times
01-08-2025
- Business
- Filipino Times
Pag-IBIG Fund net income jumps 15% to ₱28B in H1 2025, highest in 45 years
Pag-IBIG Fund reported double-digit year-on-year growth in its income for the first half of 2025, marking the highest earnings for the period in the agency's 45-year history, top officials announced on Friday (August 01). From January to June, the agency's gross income reached ₱44.39 billion, rising by 11.65 percent or ₱4.63 billion compared to the same period last year. Meanwhile, Pag-IBIG Fund's net income grew by 15.25 percent or ₱3.71 billion to reach ₱28.04 billion. This is the highest net income recorded since the agency was founded in 1980. Officials attributed the growth to strong collections and higher earnings from Pag-IBIG Fund's housing and short-term loan portfolios. 'This performance shows how excellently we are managing the funds that our members have entrusted to us. With our strong fiscal standing, we remain capable of continuing to deliver our members' benefits and are in a solid position to finance more homes under the Expanded Pambansang Pabahay para sa Pilipino, or Expanded 4PH Program, in line with the directive of President Ferdinand R. Marcos Jr. to empower more Filipinos achieve better, more dignified lives,' said Secretary Jose Ramon P. Aliling of the Department of Human Settlements and Urban Development, who also chairs the 11-member Pag-IBIG Fund Board of Trustees. Higher investment returns also contributed to the income growth. The agency's income from investments surged by 51.79 percent year-on-year to ₱4.27 billion. This was driven by strategic placements in bonds and other debt securities, money market instruments, equities, and investment properties. Investment income accounted for 5.56 percent of the agency's total gross income in the first half of the year. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, emphasized the strength of the agency's financial position. As of June 2025, Pag-IBIG Fund's total assets stood at ₱1.14 trillion, reflecting a 7.02 percent or ₱74.90 billion increase from the year-end 2024 figure of ₱1.07 trillion. Acosta further stated that the agency's strong performance directly benefits its members. Under its charter, the agency returns at least 70 percent of its annual net income to members in the form of dividends, which are credited to their savings every year. 'Pag-IBIG Fund is owned by its members — the Filipino workers. It is our duty to grow and protect their savings,' Acosta said. 'Guided by President Marcos Jr.'s call for government institutions to deliver responsive social benefits, we continue to ensure that our members enjoy competitive earnings on their savings and gain access to affordable home financing. We are committed to sustaining our strong performance to help uplift the lives of more Filipino workers,' she added.
Filipino Times
25-07-2025
- Business
- Filipino Times
Pag-IBIG Fund offers housing loan moratorium in calamity-hit areas, heeds President Marcos' call to extend assistance
Pag-IBIG Fund has offered a one-month moratorium on housing loan payments to assist members affected by Severe Tropical Storms Crising, Dante, Emong and the Southwest Monsoon, as part of its continuing response to President Ferdinand R. Marcos Jr.'s call to deliver swift and responsive relief to calamity-stricken members. Pag-IBIG Housing Loan borrowers residing or working in areas officially declared under a state of calamity — including Manila, Quezon City, Cebu City, Marikina City, Malabon City, Dagupan City, the province of Cavite, Calumpit in Bulacan, Sebaste and Barbaza in Antique, Calasiao and Umingan in Pangasinan, and Cainta in Rizal — may apply for the moratorium to help ease their financial burdens and redirect their resources toward urgent recovery needs. Additional areas that may be declared under a state of calamity in the coming days will also be covered. 'Pag-IBIG Fund stands in full support of President Marcos' directive to extend immediate assistance to our fellow Filipinos affected by Typhoons Crising, Dante and Emong and the heavy monsoon rains,' said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. 'This one-month moratorium on housing loan payments reflects our commitment to compassionate governance and our determination to help affected members rebuild their lives during these difficult times.' Under Pag-IBIG Fund's One-Month Housing Loan Payment Moratorium, qualified borrowers will have their monthly amortizations or installment payments temporarily suspended for one month, without incurring penalties or additional interest. Loan terms will be extended accordingly, with all other conditions, including interest rates, remaining unchanged. Eligible housing loan borrowers may file their applications until August 24, 2025, either online through the agency's Virtual Pag-IBIG platform or by visiting any Pag-IBIG Fund branch. No processing fee will be charged. This follows the agency's earlier announcement that its Calamity Loan Program is now open for members in areas declared under a state of calamity, and that Housing Loan Insurance claims are available for borrowers with damaged homes financed through Pag-IBIG Fund.
Filipino Times
22-07-2025
- Business
- Filipino Times
Pag-IBIG Fund heeds PBBM's call, mobilizes calamity loan for members affected by Typhoon Crising
Pag-IBIG Fund has mobilized its Calamity Loan Program to assist members affected by Typhoon Crising, in line with the directive of President Ferdinand Marcos, Jr. to deliver immediate support to Filipinos in disaster-hit areas. 'We are ready to assist our members affected by Typhoon Crising through the Pag-IBIG Calamity Loan,' said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. 'We continue to closely monitor developments and are prepared to provide immediate aid in areas that may be declared under a state of calamity in the coming days. This is part of our continuing effort in heeding the call of President Marcos to deliver timely relief and support to those in need.' Under the Pag-IBIG Calamity Loan Program, qualified members may borrow up to 90% of their total Pag-IBIG Savings, which consist of their monthly savings, employer counterpart contributions, and earned dividends. The loan carries an interest rate of 5.95% per annum, the lowest for cash loans in the market, and is payable over a period of up to three years, with a three-month grace period before the first payment is due. Members may file their loan applications within 90 days from the declaration of a state of calamity in their area. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG branches are now in coordination with local government units in their respective areas for the deployment of the agency's mobile branch, the Lingkod Pag-IBIG On-Wheels, to receive applications for loans from members, as well as insurance claims from current Pag-IBIG Housing Loan borrowers whose properties have been damaged due to the typhoon. 'When calamities strike, we at Pag-IBIG understand that our members in affected areas need immediate financial assistance. For this reason, we make sure that all our services and benefits remain accessible to our members. Even while our offices and personnel in typhoon-hit areas have also been affected, our branches remain open and are ready to receive loan applications and housing loan insurance claims. We are also set to deploy our Lingkod Pag-IBIG On-Wheels to initially go around these areas once roads are accessible, to further bring our services closer to our members who are most in need. And, for members who have internet access, the Virtual Pag-IBIG is ready to accept their Calamity Loan applications online. During these trying times, our members can continue to count on Lingkod Pag-IBIG,' said Acosta.
Filipino Times
29-05-2025
- Politics
- Filipino Times
President Marcos appoints two new Cabinet officials after performance review
President Ferdinand R. Marcos Jr. has appointed two new Cabinet officials following a performance review aimed at improving government services. Engr. Jose Ramon Aliling has been sworn in as the new Secretary of the Department of Human Settlements and Urban Development (DHSUD), replacing Secretary Jose Rizalino Acuzar, who is now the Presidential Adviser for Pasig River Development. Aliling previously served as a DHSUD undersecretary, giving him familiarity with the agency's housing and urban development work. Meanwhile, Atty. Darlene Marie Berberabe has been appointed as the new Solicitor General, taking over from Atty. Menardo Guevarra. She is currently the Dean of the UP College of Law and previously served as the CEO of the Pag-IBIG Fund, a housing loan and savings program widely used by Filipinos. The appointments follow President Marcos' directive for all Cabinet members to submit courtesy resignations as part of an overall assessment to improve government efficiency and responsiveness. 'I don't do things for optics. If there is a problem, I like to fix it… expect us to be doing a rigorous performance review, not only at the Cabinet level, but even deeper,' Marcos said during the recent ASEAN Summit in Malaysia. Executive Secretary Lucas Bersamin confirmed that while two resignations have been accepted, the President has kept his economic team and retained Bersamin as executive secretary.
