THE Social Housing Finance Corp. (SHFC) announced recently it is implementing another round of moratorium on monthly amortization payments. Effective until September 28, the moratorium will provide temporary financial relief to affected families as they recover from the impact of the severe weather, read a statement the state-run firm issued last week. It is expected to benefit more than 54,000 member-beneficiaries from over 400 community associations in the National Capital Region (NCR), Bulacan, Nueva Ecija, Pampanga, Bataan, and Tarlac. The measure is equivalent to more than P23.4 million in housing assistance, read the statement.
Pagcor’s role highlighted at confab
AN official of the Philippine Amusement and Gaming Corp. (Pagcor) underscored the role of the regulator in supporting the country’s tourism, healthcare and wellness sectors during the ‘Health and Wellness Conference and Expo 2026’ on September 4, a Pagcor statement read. Speaking on behalf of Chairman and CEO Alejandro H. Tengco, Pagcor Health Services and Wellness Department Officer-in-Charge Dr. Janice A. Saraza said the ‘industry that we regulate is part of a much larger entertainment and tourism ecosystem.’ ‘Our licensed integrated resorts, for one, attract visitors, create employment, support businesses and generate significant economic activity,’ Saraza added. She said revenues generated by Pagcor help fund government programs and projects in key sectors.
LandBank cites employee volunteerism
EMPLOYEES of the Land Bank of the Philippines (Landbank) conducted simultaneous tree-planting activities in Laguna, Cagayan, and Zamboanga del Sur on August 15, under the bank’s volunteering program, read the statement the lender issued nearly a month later. In celebration of its 63rd anniversary, Landbank mobilized employees nationwide for a series of corporate social responsibility activities throughout August, the statement read. According to the Landbank, around 4,000 of its employees contributed their time, skills, and resources in different activities. Employees also raised P1.32 million in voluntary cash donations for selected communities and beneficiaries, the lender said.
Chinabank Savings, Globe Telecom unit ink deal
GLOBE Telecom Inc. announced last week it provided 215 Samsung tablets to field officers of China Bank Savings Inc. (CBS) after the thrift banking arm of China Banking Corp. paid for the ‘GPlan Biz’ product of the Ayala-led telecommunications company (telco). The mobile setup allows CBS field officers process non-collateral loans under the Department of Education’s (DepEd) automatic payroll deduction system, manage portfolios, and resolve customer queries in real time directly from school sites, read the statement issued by Globe Telecom. ‘Our field officers are an important link between Chinabank Savings and the education community,’ CBS President James Christian T. Dee was quoted in the statement as saying.