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Pag-IBIG Fund grants 5,074 socialized home loans to low-wage

Pag-IBIG Fund grants 5,074 socialized home loans to low-wage
malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.

Rodrigo-roa-duterte , Acmad-rizaldy , Chairperson-of-the-department-human-settlements , Fund-board-of-trustees , Affordable-housing-program , Fund-affordable-housing-program , National-capital-region , President-rodrigo-roa-duterte , Secretary-eduardo , Human-settlements , Chief-executive-officer-acmad-rizaldy , Republic-act

Acosta appointed as Pag-IBIG Fund CEO

Pag-IBIGacting Chief Executive OfficerMarilene C. Acosta (Photo courtesy of Pag-IBIG Fund) MANILA - Marilene C. Acosta has been appointed acting Chief Executive Officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as head of the country's leading home financing agency, according to a letter released by Malacanang on Monday. Acosta, who hails from Narvacan, Ilocos Sur, has been with Pag-IBIG Fund since 1981. A Certified Public Accountant (CPA) and Career Executive Service Officer (CESO) V, she rose from the ranks since starting her career as an accounting clerk in Pag-IBIG Fund's Baguio Regional Office. During her tenure as Pag-IBIG Fund Deputy CEO for Home Lending from March 2017 to September 2022, the agency released consistent record-highs in housing loans, which then enabled a record-high number of members to acquire their own homes. "I am grateful for the trust that the President Ferdinand Marcos, Jr. and our Chairperson, DHSUD (Department of Human Settlements and Urban Development) Secretary Jose Rizalino Acuzar have given me on being appointed to this post," she said. Acosta also thanked Moti and fellow Pag-IBIG employees for their support, as well as the Organization of Socialized and Economic Housing Developers in the Philippines (OSHDP), Inc. and the Subdivision and Housing Developers Association (SHDA), Inc. for their endorsements. "I assure all of them, as well as our members, partner-developers, partner-employers and stakeholders, that we at Pag-IBIG Fund shall remain committed in providing them responsive and excellent service. My more than 40 years of public service in Pag-IBIG Fund has prepared me well for this post, and I will put to best use all that I have learned during the past four decades in ensuring that we continue the fulfillment of our mandates and in providing Tapat na Serbisyo, Mula sa Puso," Acosta said. Moti, meanwhile, hailed Acosta's appointment, saying this would ensure continuity in the agency's directions towards sustaining and building on the many gains it has accomplished over the recent years. "CEO Acosta's leadership, excellence, integrity, and grit are among the key factors that have enabled Pag-IBIG Fund to accomplish numerous record-highs and milestones, particularly in the home financing front. Her appointment shall allow the continuity and sustainability of Pag-IBIG Fund's efforts to uplift the lives of all Filipino workers. I truly wish her and Pag-IBIG all the best," Moti said. Moti leaves Pag-IBIG Fund in its strongest-ever state, posting significant increases in key metrics from 2016 - the year prior to assuming his post as CEO. As of August 2022, the agency has PHP795.93 billion in total assets, an 81 percent increase from PHP439.30 billion as of yearend 2016; a PHP100.8 billion single-year home loan release in 2021, a 76 percent increase from the annual home loan takeout of PHP57.3 billion six years ago; PHP25.95 billion voluntarily saved by members in MP2 Savings in 2021, a 3,065 percent increase from the PHP0.82 billion saved in 2016; investible funds amounting to PHP92.56 billion, a 49 percent increase from PHP62.15 billion in 2016; and, an annual net income of more than PHP30 billion for five consecutive years since 2017. (PNA) }

Manila , Philippines , Narvacan , La-union , Ilocos-sur , Malacanang , Antique , Filipino , Acmad-rizaldy , Marilenec-acosta , Ferdinand-marcos-jr , Jose-rizalino-acuzar

Acosta appointed as Pag-IBIG Fund CEO

MANILA - Marilene C. Acosta has been appointed acting Chief Executive Officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as head of the country's leading home financing agency, according to a letter released by Malacanang on Monday. Acosta, who hails from Narvacan, Ilocos Sur, has been with Pag-IBIG Fund since 1981. A Certified Public Accountant (CPA) and Career Executive Service Officer (CESO) V, she rose from the ranks since starting her career as an accounting clerk in Pag-IBIG Fund's Baguio Regional Office. During her tenure as Pag-IBIG Fund Deputy CEO for Home Lending from March 2017 to September 2022, the agency released consistent record-highs in housing loans, which then enabled a record-high number of members to acquire their own homes. "I am grateful for the trust that the President Ferdinand Marcos, Jr. and our Chairperson, DHSUD (Department of Human Settlements and Urban Development) Secretary Jose Rizalino Acuzar have given me on being appointed to this post," she said. Acosta also thanked Moti and fellow Pag-IBIG employees for their support, as well as the Organization of Socialized and Economic Housing Developers in the Philippines (OSHDP), Inc. and the Subdivision and Housing Developers Association (SHDA), Inc. for their endorsements. "I assure all of them, as well as our members, partner-developers, partner-employers and stakeholders, that we at Pag-IBIG Fund shall remain committed in providing them responsive and excellent service. My more than 40 years of public service in Pag-IBIG Fund has prepared me well for this post, and I will put to best use all that I have learned during the past four decades in ensuring that we continue the fulfillment of our mandates and in providing Tapat na Serbisyo, Mula sa Puso," Acosta said. Moti, meanwhile, hailed Acosta's appointment, saying this would ensure continuity in the agency's directions towards sustaining and building on the many gains it has accomplished over the recent years. "CEO Acosta's leadership, excellence, integrity, and grit are among the key factors that have enabled Pag-IBIG Fund to accomplish numerous record-highs and milestones, particularly in the home financing front. Her appointment shall allow the continuity and sustainability of Pag-IBIG Fund's efforts to uplift the lives of all Filipino workers. I truly wish her and Pag-IBIG all the best," Moti said. Moti leaves Pag-IBIG Fund in its strongest-ever state, posting significant increases in key metrics from 2016 - the year prior to assuming his post as CEO. As of August 2022, the agency has PHP795.93 billion in total assets, an 81 percent increase from PHP439.30 billion as of yearend 2016; a PHP100.8 billion single-year home loan release in 2021, a 76 percent increase from the annual home loan takeout of PHP57.3 billion six years ago; PHP25.95 billion voluntarily saved by members in MP2 Savings in 2021, a 3,065 percent increase from the PHP0.82 billion saved in 2016; investible funds amounting to PHP92.56 billion, a 49 percent increase from PHP62.15 billion in 2016; and, an annual net income of more than PHP30 billion for five consecutive years since 2017. (PNA) }

Manila , Philippines , Narvacan , La-union , Ilocos-sur , Malacanang , Antique , Filipino , Acmad-rizaldy , Marilenec-acosta , Ferdinand-marcos-jr , Jose-rizalino-acuzar

Net Asset Value Per Share (NAVPS) Performance (as of September 19, 2022)

Net Asset Value Per Share (NAVPS) Performance (as of September 19, 2022)
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

Malaca , Pangasinan , Philippines , Acmad-rizaldy , Marilenec-acosta , Chief-executive-officer ,

Acosta appointed as Pag-IBIG Fund CEO

In a letter released by Malacañang on Monday (19 September), Marilene C. Acosta has been appointed as acting Chief Executive Officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as head of the country’s leading home financing agency.

Malaca , Pangasinan , Philippines , Narvacan , La-union , Ilocos-sur , Filipino , Acmad-rizaldy , Marilenec-acosta , Lingkod-pag , Ferdinand-marcos-jr , Jose-rizalino-acuzar

Acosta appointed as Pag-IBIG Fund CEO - BusinessWorld Online

In a letter released by Malacañang on Monday (19 September), Marilene C. Acosta has been appointed as acting Chief Executive Officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as head of the country’s leading home financing agency.

Malaca , Pangasinan , Philippines , Narvacan , La-union , Ilocos-sur , Filipino , Acmad-rizaldy , Marilenec-acosta , Lingkod-pag , Ferdinand-marcos-jr , Marilenec-acosta-pag

Pag-IBIG urges employers with unremitted contributions to avail of penalty condonation

Top executives of Pag-IBIG Fund urged employers with unremitted contributions for their employees to avail of the agency’s penalty condonation program and settle their obligations – both prior and during the pandemic – free from any monthly penalty charge on delayed remittances.

Philippines , Filipinos , Filipino , Ferdinandr-marcos-jr , Acmad-rizaldy , Jose-rizalinol-acuzar , Department-of-human-settlements , Penalty-condonation-program , Fund-board-of-trustees , President-ferdinand , Secretary-jose-rizalino , Human-settlements

Pag-IBIG urges employers with unremitted contributions to avail of penalty condonation

Top executives of Pag-IBIG Fund urged employers with unremitted contributions for their employees to avail of the agency’s penalty condonation program and settle their obligations – both prior and during the pandemic – free from any monthly penalty charge on delayed remittances.

Philippines , Filipinos , Filipino , Ferdinandr-marcos-jr , Acmad-rizaldy , Jose-rizalinol-acuzar , Department-of-human-settlements , Penalty-condonation-program , Fund-board-of-trustees , President-ferdinand , Secretary-jose-rizalino , Human-settlements

Employers urged to avail of penalty condonation

MANILA - Top executives of Pag-IBIG Fund on Thursday urged employers with unremitted contributions for their employees to avail of the agency's penalty condonation program and settle their obligations - both before and during the pandemic - free from any monthly penalty charge on delayed remittances. "We at Pag-IBIG Fund recognize the significant role that the business community plays in allowing Filipino workers to gain Pag-IBIG membership, and in helping our nation continue to recover from the pandemic. That is why we are providing the means for employers to settle the unremitted Pag-IBIG contributions of their employees free from penalty charges. With this program, we expect more Filipino workers to enjoy the benefits of being a Pag-IBIG member in line with the call of President Ferdinand R. Marcos Jr. to provide a better life for all Filipinos," said Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. Under the agency's charter, employers are responsible for the registration and remittance of their employees' mandatory monthly Pag-IBIG contributions, which consist of the employee's contributions and the employer's counterpart share. With its penalty condonation program, eligible employers can now settle their employees' unremitted Pag-IBIG contributions without penalty charges. Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti, meanwhile, said the program is purposely broad in scope to aid in boosting economic activity. The program covers not only all unremitted Pag-IBIG contributions by employers during the pandemic but also all unremitted contributions even before the pandemic. Aside from having the penalty charges on their delayed remittances 100 percent condoned, employers who would be unable to settle their obligations in full may also opt for a payment plan that has a low monthly interest charge of 0.5 percent. Moti added that if the unremitted contributions being settled are those during the pandemic or those from March 2020 onwards, the interest charge on payment plans would be waived. "The Pag-IBIG Penalty Condonation Program we are offering is more extensive in coverage compared to the previous programs we implemented. With the program's favorable terms, employers are provided the means to update the monthly contributions of their employees, while maintaining a healthy cash flow to sustain their operations," he said. (PR) }

Manila , Philippines , Filipinos , Filipino , Ferdinandr-marcos-jr , Acmad-rizaldy , Jose-rizalino-acuzar , Department-of-human-settlements , Penalty-condonation-program , Fund-on , Fund-board-of-trustees , President-ferdinand