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Home Development Mutual Fund
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG ( Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos. History Pag-IBIG Fund was founded by virtue of Presidential Decree No. 1530 which was signed by President Ferdinand E. Marcos on June 11, 1978, to answer the national need for savings program and affordable housing financing. Its original purpose was solely as a provident fund to encourage savings among Filipinos. By March 1979, the fund was administered by the National Home Mortgage Finance Corporation (NHMFC), a government corporation mandated to increase availability of housing loans to Filipino workers. By June, HDMF was implemented by virtue of Executive Order No. 538. Emily Abinoja, ...
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Petron Megaplaza
The Petron Megaplaza is an office skyscraper located in Makati, Philippines. It previously held the title as the tallest building in the Philippines from 1998 to 2000 when the PBCom Tower was topped-off. It currently holds the title as the 5th tallest building in Makati, and the 9th-tallest building in the country and Metro Manila as well. It has a total ground to architectural spire top height of 210 meters, soaring at 45 storeys high.Council on Tall Buildings and Urban Habita''Tallest Buildings in the Philippines (as of April 2008)''/ref> Architecture and design The developer and owner of Petron Megaplaza is Megaworld Corporation, one of the largest real estate companies in the Philippines. The word "Mega" in Megaplaza is in recognition of Megaworld Corporation's participation and ownership of the building. The building was designed by world-renowned architectural firm Skidmore, Owings & Merrill, LLP, while the structural design works was made by well known Philippine engine ...
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Makati
Makati ( ), officially the City of Makati ( fil, Lungsod ng Makati), is a 1st class highly urbanized city in the National Capital Region of the Philippines. Makati is the financial center of the Philippines; it has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of the Philippine Stock Exchange used to be situated along the city's Ayala Avenue, before the stock exchange moved their headquarters to the Bonifacio Global City in Taguig. Makati is also known for being a major cultural and entertainment hub in Metro Manila. According to the 2020 census, it has a population of 629,616 people making it as the 17th most populous city in the country and ranked as the 41st most densely populated city in the world with 19,336 inhabitants per square kilometer. Although its population is just above half a million, the daytime populat ...
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Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ...
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Department Of Human Settlements And Urban Development
The Department of Human Settlements and Urban Development ( fil, Kagawaran ng Pananahanang Pantao at Pagpapaunlad ng Kalunsuran), abbreviated as DHSUD, is the executive department of the Philippine government responsible for the management of housing and related development in the Philippines. The department is led by the Secretary of Human Settlements and Urban Development, as appointed by the President of the Philippines and confirmed by the Commission on Appointments. The secretary would be assisted by three Undersecretaries and three Assistant Secretaries, that would be appointed by the President upon the recommendation of the Secretary. History The law creating the Department of Human Settlements and Urban Development (DHSUD), Republic Act No. 11201, was signed into law by President Rodrigo Duterte on February 14, 2019, with the signing announced to the public by the government on February 19, 2019. The DHSUD was the result of a merger of the Housing and Urban Develop ...
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Filipino Name
Filipinos have various naming customs. They most commonly blend the older Spanish system and Anglo-American conventions, where there is a distinction between the "Christian name" and the "surname". The construct containing several middle names is common to all systems, but having multiple "first" names and only one middle and last name is a result of the blending of American and Spanish naming customs. Today, Filipinos usually abide by the Spanish system of using both paternal and maternal surnames, with the latter used as the "middle name". The particle ''y'' is used only for legal purposes and is otherwise dropped. The middle name in its natural sense would have been the second name if the person had one, but is never counted as an individual's given name. Historical context and examples In ancient times, the Tagalogs had a naming system that changed via family dynamics. A Tagalog man (especially a chief) would lose his name, take his first born's name, and become known ...
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Government-owned And Controlled Corporation
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees. There are over 200 GOCCs as of 2020. GOCCs both receive subsidies and pay dividends to the national government. Under the GOCC Governance Act (Republic Act No. 10149; Government Owned and Controlled Corporations (GOCC) Governance Act of 2011), GOCCs are overseen by the Governance Commission for Government-Owned or Controlled Corporations (GCG). The Governance Commission is the "government's central advisory and oversight body over the public corporate sector" according to the Official Gazette of the Philippine government. The Governance Commission among other duties prepares for the president of the Philippines a shortlist of candidates for appointment by the presid ...
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Filipinos
Filipinos ( tl, Mga Pilipino) are the people who are citizens of or native to the Philippines. The majority of Filipinos today come from various Austronesian ethnolinguistic groups, all typically speaking either Filipino, English and/or other Philippine languages. Currently, there are more than 185 ethnolinguistic groups in the Philippines; each with its own language, identity, culture and history. Names The name ''Filipino'', as a demonym, was derived from the term ''Las Islas Filipinas'' ("the Philippine Islands"), the name given to the archipelago in 1543 by the Spanish explorer and Dominican priest Ruy López de Villalobos, in honor of Philip II of Spain (Spanish: ''Felipe II''). During the Spanish colonial period, natives of the Philippine islands were usually known by the generic terms ''indio'' (" Indian") or ''indigenta'' ("indigents"). However, during the early Spanish colonial period the term ''Filipinos'' or ''Philipinos'' was sometimes used by Spanish writ ...
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Central Provident Fund
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, education and housing needs in Singapore. The CPF is an employment-based savings scheme with the help of employers and employees contributing a mandated amount to the fund for their benefits. It is administered by the Central Provident Fund Board, a statutory board operating under the Ministry of Manpower which is responsible for investing contributions. The Global Pension Index, an index that assesses retirement income systems, placed Singapore as the best within in Asia and 7th worldwide in 2020. CPF monies are used by the CPF Board to invest in the exclusive purchase of Government-issued Special Singapore Government Securities (SSGS), with the proceeds from these transactions going into the past reserves. ...
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Kapisanan Ng Mga Brodkaster Ng Pilipinas
The Kapisanan ng mga Brodkaster ng Pilipinas (KBP; en, Association of Broadcasters of the Philippines) is a broadcast media organization in the Philippines which provides its members broadcasting standards. The KBP was organized on April 27, 1973 in order to promote professional and ethical standards in Philippine broadcasting both in radio and television. The KBP provides broadcast media regulations and guidelines for news, public affairs and commentaries, political broadcasts, children's shows, religious programming, and including advertising to its members. The members of the KBP are composed of the owners and operators of radio and television stations including the radio and television stations themselves. Broadcast code of the Philippines The KBP’s Broadcast Code is a set of standards for performance and ethics to be followed by member radio and television stations. The Code is in 3 parts: Part 1 includes the 33 articles of which the standards for programming are illus ...
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Development Bank Of The Philippines
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines. It was established after World War II in 1947 on the government's effort through its mandate to rebuild the country's war torned infrastructure. It is the sixth-largest bank in the Philippines in terms of assets of more than P1.1-trillion as of March 2021. DBP is also the second-largest and one of the state-owned and controlled banks along with Land Bank of the Philippines (LBP), Overseas Filipino Bank (OFW Bank), and Al-Amanah Islamic Bank. It has 131 branches and 12 branch lite units as of June 2022. Background Under its charter, DBP is classified as a development bank. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises. It may also perform all other functions of a thrift bank. It focuses on four major areas of financing — infrastructure and logistics, social services, small and medium ent ...
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Social Security System (Philippines)
The Social Security System (SSS; fil, Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. Government employees, meanwhile, are covered under a separate state-pension fund by the Government Service Insurance System (GSIS). History President Manuel Roxas, to give relief to the people who were facing difficulties in the post-war period, called on the legislators to create a social security program in his State of the Nation Address in January 1948 but he died without passing the bill. On July 7, 1948, President Elpidio Quirino succeeded Roxas and created the social security study commission through Executive Order No. 150. The commission drafted the Social Security Act that was submitted to Congress. In 1954, ...
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