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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
In December 2023, Pag-IBIG approved ₱12 billion credit line for the National Housing Authority, which will finance the development of 9,110 housing units nationwide (4,111 units in Quezon City, 1,377 in Valenzuela, 944 in Zamboanga City, and 535 in San Juan). [6] The 4PH Program is envisioned to create smart cities nationwide. [7]
Republic Act No. 11201 signed by President Rodrigo Duterte on February 14, 2019. The law creating the Department of Human Settlements and Urban Development (DHSUD), Republic Act No. 11201, was signed into law by President Rodrigo Duterte on February 14, 2019, with the signing announced to the public by the government on February 19, 2019.
The embassy temporarily operated in the King Fahd Quarter beginning July 1985 while the new chancery was constructed in the Diplomatic Quarter. [4] On June 5, 2024, the Philippine Embassy in Riyadh, led by Chargé d'Affaires Rommel Romato, proudly inaugurated the newly restored Ambassador's Residence within the Embassy's compound.
De Castro was chairman of the Pag-IBIG Fund when the ₱6.6 billion housing scam involving Globe Asiatique (GA) scam took place. [23] Throughout his vice presidency, de Castro had minimal limelight and was regarded only as "backup" for the then incumbent party coalition if ever President Arroyo was ousted.
In the latter case, IRAs can be a bit restrictive, with yearly contribution limits of just $7,000 for adults under 50 and $8,000 for adults 50 and older in both 2024 and 2025.
The new rules which took effect on January 1, 1980. [11] [12] New rules allowed farmers and fisherfolks to be included in the coverage in 1992 and the year after, household helpers earning at least ₱1,000 monthly. The SSS, in 1995, covered laborers in informal sector earning the same wage monthly.
On top of these amounts, workers aged 50 and older can add up to $7,500 more annually as a catch-up contribution in 2025, the same amount as 2024. Starting in 2025, the catch-up contribution for ...