The Home Development Mutual Fund, or Pag-IBIG Fund, registered a record-high net income of P22.41 billion for the first nine months of 2017, a 14-percent increase from the same period last year. In a statement, Pag-IBIG said the latest figure was only P2.72 billion shy of its income targets for the year. Pag-IBIG will take care of the formal sector, which comprises about 60 percent to 70 percent of our housing deliverables,” Pag-IBIG Chairman Eduardo del Rosario said. Pag-IBIG Fund CEO Acmad Rizaldy Moti expressed optimism that 2017 will be another banner year for the agency. This means that our members are assured that Pag-IBIG Fund remains very stable, and continues to become even stronger.

Source: Manila Times December 20, 2017 17:48 UTC