by anyajulia | Sep 8, 2009 | Headlines, National News
The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund memberships and collections have increased despite the economic crisis.
Chief Executive Officer Jaime A. Fabiaña said in terms of membership level, as of July 2009, it already reached 7.38 million compared to 7.27 million in December of 2008. In terms of collections, he mentioned that there is a 13 percent increase in housing and also in membership collections.
Even the total assets of Pag-IBIG as of July of 2009 reached about 241.43 billion pesos of total assets as compared with 227.42 billion last year.
The net income of Pag-IBIG has also increased having 9.51 billion in 2008 as compared to 7.27 billion in 2007, same is true with the dividends which has increased by 14 percent. (PIA)
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by anyajulia | Sep 8, 2009 | Headlines, National News
The Department of Social Welfare and Development (DSWD) has extended a total of P26,080,509.79, to more than 35,000 individuals and families in crisis situation from January to June this year.
P19.8 million was allotted for construction of housing units for families left homeless by disasters. While P6,190,509.79 was disbursed as financial assistance to needy clients and augmentation to local government units to aid victims of disasters.
On the one hand, the DSWD Crisis Intervention Unit spent P6,190,509.79 for medical, food, burial, transportation, educational assistance, shelter assistance, assistive devices and other emergency needs. Sixty-seven percent or P4,128,109.21 of this amount came from the Priority Development Assistance Fund (PDAF). (DSWD)
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by anyajulia | Sep 8, 2009 | National News
President Gloria Macapagal-Arroyo said that these “unpopular” economic reforms, which the Arroyo administration initiated, made the country resilient in the midst of global economic crisis.
The reforms helped the country maintain a positive growth for 34 uninterrupted quarters of her administration, as the Philippine economy grew 1.5 percent in the second quarter. Data showed it grew up from 0.4 percent hike in the first quarter, as public spending helped avoid a projected contraction.
The President said the country is ready for economic rebound and its major strength is an attractive investment and business destination. (PIA/ESS)
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by anyajulia | Sep 8, 2009 | Headlines, National News
“A ‘seamless’ education system is eyed as platform of reform for the country in the years to come.” This was the statement disclosed by President Gloria Macapagal-Arroyo during her speech at the awarding ceremony of the 2009 Ten Outstanding Teachers.
This program, dubbed as the “Main Education Highway framework toward a knowledge-based economy”, is intended to remove the barrier between pre-school, grade school, high school and college.
The seamless education framework, apparently patterned after the learning system in the United States, allows any person of any age to enroll in any subject he wishes, where a high school student can at the same time take up college subjects. (PIA/ESS)
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by anyajulia | Sep 8, 2009 | Headlines, National News
Troops under 1002nd Infantry Brigade (1002nd Bde) encountered 20 members of Local Terrorists under Local Terrorist Front 76. The encounter happened at 10:30am, last Friday (September 5). The troops were then conducting community based activities in Barangay Malawanit, Magsaysay, Davao del Sur.
The encounter was a result of the tip-off information from the residents who reported the presence of the said local terrorists in Sitio Blasan.
The troops have already coordinated with the local leaders and PNP Digos for the identification of the cadaver and for proper disposition. No casualties were reported on the troops. A hot pursuit operation is on-going. (10th Infantry (AGILA) Div., PA)
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