PBBM, pinuri ang Pag-IBIG Fund

PBBM, pinuri ang Pag-IBIG Fund;   Ahensiya, hinimok gawing mas abot-kaya sa mga Pilipino ang home mortgage financing

Transcript

00:00 President Marcos Jr. also announced the Pag-ibig Fund because of his accomplishments last year.

00:08 The President urged the agency to make their home mortgage financing more affordable for Filipinos.

00:17 Alan Francisco was surprised.

00:19 President Ferdinand R. Marcos Jr. appraised the Pag-ibig Fund for its accomplishments in the past year, 2023.

00:28 President Marcos was the one who was appraised earlier in the presentation of the Pag-ibig Fund Chairman's Report 2023 in PACC in Pasay City.

00:36 The Pag-ibig Fund announced that their 2023 dividend rate for regular savings increased by 6.55 percent,

00:44 while the 2023 return rate for MP2 savings increased by 7.05 percent,

00:50 while the total assets of the Pag-ibig Fund increased by more than P900 billion.

00:56 To the men and women of Pag-ibig, whose stewardship of its members' funds skillfully combines growth with sustainability,

01:05 please accept our heartfelt thanks for a job well done and our most fervent congratulations. Keep up the good work.

01:13 The President admitted that he's still far from declaring the mission accomplished as a complete one.

01:22 Because the President's challenge now is not only in Pag-ibig, but in the housing sector and LGUs,

01:28 to translate these numbers to the actual households of Filipinos.

01:32 That's why he's committed to the continuous implementation of the Pag-ibig Fund for the Filipino Housing Program

01:38 to provide decent housing to Filipinos.

01:41 President Marcos' challenge in the Pag-ibig Fund is to make their home mortgage financing more affordable for Filipinos.

01:49 This is to inspire Filipinos today and the generations to come to work hard to reach their goal of a house that they can call their own.

01:58 With millions of our countrymen denied the right to decent shelter, the stakes could not be higher.

02:05 So our task is clear, to build the most number of housing units by any administration.

02:12 President Marcos also mentioned the Pasig River that was revived today with the help of the Pasig River Urban Development Project.

02:19 Alan Francisco for Pabansang TV in Bagong, Philippines.