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Pag-IBIG Fund was founded by virtue of Presidential Decree No. 1530 [1][2] which was signed by President Ferdinand E. Marcos on June 11, 1978, to answer the national need for savings program and affordable housing financing. [3] Its original purpose was solely as a provident fund to encourage savings among Filipinos.
The origins of PAG come from Pacific Alliance Group, a multi-strategy hedge fund co-founded by Chris Gradel and Horst Geicke in 2002. It currently forms PAG's Credit & Markets business. Millennium Management was one of the initial investors of the firm and went on to invest $150 million for a 20% stake in the firm before Gadel bought it back in ...
Pag-IBIG Fund: Social Security System or Government Service Insurance System members; and Pag-IBIG Fund member: Voter's identification card: Commission on Elections: Registered voters for elections: PRC License ID: Professional Regulation Commission: Professional License
The Bayanihan to Heal as One Act, also known as the Bayanihan Act, [1] and officially designated as Republic Act No. 11469, is a law in the Philippines that was enacted in March 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. [2] The word "bayanihan" is a Tagalog word for communal work.
In 2008, the Pag-IBIG Fund was awarded the United Nations Scroll of Honour for its outstanding and innovative housing programs, a first for any Philippine government agency. That same year, the Fund was given an AAA corporate rating, a distinction given to a government corporation for the first time. [citation needed]
The company's low-cost housing units and lots were made more affordable through the government's Home Development Mutual Fund (HDMF, also known as Pag-IBIG Fund) housing loan program. [2] [3] Globe Asiatique's first residential housing project was the Santa Barbara Villas I subdivision in San Mateo, Rizal launched in 1994.
Flexi Fund is a voluntary savings program offered by SSS. [21] Launched in 2001, it is a provident fund that is invested in fixed income securities and whose returns are determined by SSS' short-term placements or 91-day Treasury bills. [22] [23] It is open to overseas Filipino workers (OFW) who are not older than 60 years old. [24]
Official logo of the Pambansang Pabahay Para sa Pilipino (4PH) Program. The Pambansang Pabahay Para sa Pilipino Program (lit. 'National Housing for the Filipino Program'), also known as the 4PH Program, is the national housing program of the Philippines. It was launched in September 2022 with the goal of having zero informal settlers by 2028. [1]