Tuesday, March 21, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

Savings of Pag-IBIG members in MP2 program soared 95% to hit record P26b in 2021

Manila Standard BusinessbyManila Standard Business
February 18, 2022, 7:55 pm
in Biz Plus, Business, Sponsored
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Amid the ongoing health crisis, Pag-IBIG Fund members still showed preference for the MP2 savings program in 2021 as total savings reached nearly P26 billion, setting yet another record for the amount saved voluntarily by members in a year, agency officials said.

In only 12 months, members’ savings under the Modified Pag-IBIG 2 (MP2) Savings Program reached P25.95 billion in 2021, achieving a staggering growth of 95% from the P13.23 billion collected in 2020.

“Even amid some uncertainties caused by the pandemic, the MP2 proved to be one of our most sought-after programs. Because the MP2 has traditionally provided higher returns on savings, more and more members are preferring to grow their hard-earned savings in Pag-IBIG Fund. As we finalize all reports for the year, we will be announcing the dividend rates for 2021 very soon. Helping create more financially secure Filipino workers is our contribution to the national government’s efforts towards economic recovery,” said Secretary Eduardo D. del Rosario of the Department of Human Settlements and Urban Development (DHSUD) who also chairs the 11-member Pag-IBIG Fund Board of Trustees.

The MP2 Savings Program is a special voluntary savings facility of Pag-IBIG Fund that comes with a maturity period of five years. With a low entry point of a P500 minimum savings, it is designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to the mandatory Pag-IBIG Regular Savings they save every month. The program is also open to workers who were once Pag-IBIG members. These include pensioners and retirees, as long as they had at least two years worth of savings prior to retirement.

Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti, meanwhile, said that the number of cumulative MP2 savers also increased last year. In 2020, there were 508,522 MP2 savers. By the end of 2021, the total number of MP2 savers increased 42% to 721,980.

ADVERTISEMENT

“We thank our members for their enduring support for the MP2 even during these challenging times. Because you choose to save in MP2, it has always been one of our most impressive programs. Prior to the pandemic, we had just achieved our best year in 2019. And while many lessons were learned during the last two years of the pandemic, we’ve also learned that your trust in Pag-IBIG never waned as the MP2 not only remained firm, but also grew to record-levels in 2020 and 2021. With our robust financial position and the Lingkod Pag-IBIG brand of service, our members can rest assured that their savings are safe and will continue to grow in the coming years,” Moti said.

Tags: health crisisMP2 Savings ProgramPag-IBIG Fund
ADVERTISEMENT
Manila Standard Business

Manila Standard Business

Related Posts

BSP expected to increase interest rate by another 25 bps this week

byJulito G. Rada
March 20, 2023, 8:05 pm
0
8
Q1 economic growth likely slowed to 1.8% – Moody’s

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, is expected to raise the key interest rate...

Read more

Medalla: Local banks to withstand shocks from US lenders’ collapse

byJulito G. Rada
March 20, 2023, 8:00 pm
0
8
Electric cars gain record market share in European Union

Bangko Sentral ng Pilipinas Governor Felipe Medalla said Monday the strong domestic banking system can withstand the possible shocks from...

Read more

Budget carrier sees Cebu hub exceeding pre-pandemic flights

byDarwin G. Amojelar
March 20, 2023, 7:55 pm
0
8
Cebu Pacific goes green, uses sustainable aviation fuel on new jets

Cebu Pacific said Monday it is raising to 28 its combined domestic and international routes operating at Mactan-Cebu International Airport...

Read more

Meralco in talks with Aboitiz, SMC for 670-MW emergency supply deal

byAlena Mae S. Flores
March 20, 2023, 7:50 pm
0
8
Meralco deploys 69 more electric vehicles

By Alena Mae S. Flores Power retailer Manila Electric Co. said Monday it is finalizing a one-year 670-megawatt emergency power...

Read more

Ovialand reports 37% income growth to P277m, to pursue initial public offering

byJenniffer B. Austria
March 20, 2023, 7:45 pm
0
8
Ovialand to take out P1-b Pag-IBIG loan

Ovialand Inc., a house-and-lot developer with plans to hold an initial public offering this year, reported a 37-percent increase in...

Read more

DOE sees more days of tight power supply

byAlena Mae S. Flores
March 20, 2023, 7:40 pm
0
8
DOE sees more days of tight power supply

The Department of Energy said Monday it expects more yellow alerts in the Luzon grid during the dry season because...

Read more

Print Edition

View More

Recent Posts

  • Biggest in Southeast Asia
  • Sanctions loom for Negros solon, but lawyer says ‘plot thickens’
  • Oath of Office
  • ROV arrives amid contrary PCG reports on oil spill
  • Foreign firms a step closer to full ownership in PH as rules released
  • House lawmakers miffed as Senate zaps ‘Cha-cha’ hearing sans notice
  • PH, China envoys in SCS dialog
  • 4 more sites for EDCA bases to be announced soon

Advertisement

Latest News

House lawmakers miffed as Senate zaps ‘Cha-cha’ hearing sans notice

byMaricel Cruzand1 others
March 21, 2023, 1:00 am
0
8
Senate okays P5-trillion budget unanimously

House leaders were dismayed Monday when the Senate postponed — at the last minute and without an explanation — a...

Read more

PH, China envoys in SCS dialog

byRey E. Requejo
March 21, 2023, 12:50 am
0
8
Southwoods nails Seniors’ Fil golf crown

Diplomats from the Philippines and China are scheduled to hold a series of consultation meetings in Manila this week to...

Read more

4 more sites for EDCA bases to be announced soon

byRey E. Requejoand1 others
March 21, 2023, 12:40 am
0
8
Southwoods nails Seniors’ Fil golf crown

The Philippines and the United States will soon announce the location of four additional military bases that American soldiers will...

Read more

Kerosene leads oil price rollbacks

byAlena Mae S. Flores
March 21, 2023, 12:30 am
0
8
Medal of Valor

Oil firms slashed the price of kerosene by P2 per liter effective 6 a.m. today (Tuesday) to reflect the movement...

Read more

Russia, China ‘share many goals,’ Putin tells Xi

byAFP
March 21, 2023, 12:20 am
0
8
Death toll from Cambodia casino fire up to 25; rescuers scour site

Moscow—Russian President Vladimir Putin on Monday told Chinese leader Xi Jinping, who arrived in Moscow earlier for his first visit...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App