10 months Pag-IBIG Fund posts record P31.23-B profit in 2018 MB |Biz
By Chino S. Leyco State-run Home Development Mutual Fund (HDMF) ended last year with stronger profit following “record-breaking accomplishments” owing to higher members’ contributions.   At yesterday’s chairman report ceremonies, HDMF, commonly known as Pag-IBIG Fund, said that its net income reached P31.23 billion last year, higher by three percent compared with P30.27 billion in the previous year. “Pag-IBIG Fund’s performance in 2018 stands out as the best so far,” Eduardo D. del Rosario, the fund’s chairman, who also heads the Housing and Urban Development Coordinating Council (HUDCC).” “Pag-IBIG Fund performed better this year than in 2017, which was ... more