DBP cited by state regulator for good governance

State-owned Development Bank of the Philippines (DBP) has been recognized for the second consecutive year by the state regulator of government-owned and controlled corporations (GOCCs) in the country for upholding the highest standards of corporate governance among its industry peers, a top official said.

Pag-IBIG keeps low 3% rate as higher price ceilings lift quality of socialized homes

MANILA, Philippines — Filipino workers are expected to benefit from better-quality socialized housing following the government’s approval of higher price ceilings for socialized subdivision and condominium projects, while Pag-IBIG Fund continues to provide affordability through its subsidized housing loan rates under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.

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