Seven tasks of the Home Development Mutual Fund or Pag-IBIG

Seven tasks of the Home Development Mutual Fund or Pag-IBIG were recognized with the aid of an ASEAN corporation for their progressive developments, the company stated on Monday.

In a assertion, Pag-IBIG said it acquired the maximum Excellence Awards among thirteen member-companies of the Asean Social Security Association (ASSA) at the ASSA Recognition Awards 2016.

The Fund’s tasks acquired awards underneath categories which includes Innovation, Transformation, Customer Service, Communication, and Financial Literacy.

The GHLP and Outsourced Collections of Delinquent Accounts are under Pag-IBIG’s home lending operations that make the acquisition of houses simpler for prospective house owners.

Among the Pag-IBIG projects that were identified were the Pag-IBIG Loyalty Card and Group Housing Loan Program (GHLP) under the Innovation category, and the Outsourcing of Collections of Delinquent Accounts through Collection Agencies under Transformation category.

“Through the GHLP, Pag-IBIG companions with LGUs, employers, and associations to make domestic finance greater accessible to their respective parts or beneficiaries,” Pag-IBIG said.

Pag-IBIG mentioned that the GHLP

Pag-IBIG mentioned that the GHLP and Outsourced Collections of Delinquent Accounts are beneath Pag-IBIG’s domestic lending operations.

“By outsourcing collections via accepted collection companies, Pag-IBIG guided borrowers at the prompt charge in their home loans and improved its performing loans portfolio, leading to extra funds for domestic finance,” the Fund stated.

Other Pag-IBIG Projects inclusive of the Pag-IBIG Overseas Filipino Worker (OFW) Center were recognized underneath the Customer Service category, while the I Do, I Do! Araw ng Pag-IBIG and Alam mo ba? Series became diagnosed under the Strategic Communication class.

Also, its OFW Dagdag-Ipon Raffle Promo changed into lauded under the Financial Literacy category.

The abovementioned applications are part of Pag-IBIG’s member services operations that sell membership and savings.

The ASSA Recognition Awards had been formed ultimate year by using The Employees Provident Fund, a member of the ASSA from Malaysia.

“The Awards purpose to recognize splendid tasks and spur innovation amongst member-corporations for them to retain doing greater for their respective customers,” Pag-IBIG stated.

Ng Chee Peng, ASSA Chairman and Chief Executive Officer of the Central Provident Fund Board in Singapore supplied the awards to Pag-IBIG Senior Vice President for Financial Services Sector Florentino Espana, Jr. On the currently held thirty third ASSA Board Meeting and Conference at Sofitel Hotel, Manila.

Apart from Pag-IBIG, two different tasks from the Philippines had been additionally diagnosed, one every from PhilHealth and the Government Service Insurance System.

THE Philippine Amusement and Gaming Corp. (Pagcor)

THE Philippine Amusement and Gaming Corp. (Pagcor) is taking flight its order for Leisure & Resorts World Corp. (LRWC) and all its subsidiaries to end their operations due to earlier non-compliance with distance limit suggestions.

LRWC said it received notices from Pagcor via email on Monday taking flight its preceding order to revoke the licenses of the agency and its subsidiaries.

“The (Pagcor) approval changed into primarily based on the advice…to honor the licenses of operators whose gaming websites are located inner department stores, arcades and resorts, and consider them exempted from distance necessities,” LRWC stated in a disclosure to the Philippine Stock Exchange (PSE).

Earlier in the month, Pagcor had ordered LRWC and its subsidiaries AB Leisure Exponent Inc. (ABLE) and Total Gamezone Xtreme Inc. (TGX) “to right away give up the operations” of all their outlets of digital games and bingos “because of non-compliance with the space restriction suggestions under Section 2 of Regulation 3 of the Gaming Site Regulatory Manual (GSRM) for Electronic Games version 2.Zero.”

TGX turned into ordered to give up operations of the 17 digital video games websites, at the same time as ABLE become ordered to cease operations of its 36 digital bingo sport websites.

Under the GSRM, electronic gaming sites ought to have a distance of “now not much less than 2 hundred meters” away from faculties registered with the Department of Education (DepEd) and the Commission on Higher Education (CHED), in addition to locations of worship. Electronic gaming websites may be positioned within shops, business buildings and inns and accommodations.

At gift, LRWC stated 20 out of the 36 eBingo sites of ABLE have already resumed their operations by way of distinctive feature of the Pagcor approval.

The enterprise noted that Pagcor allowed the resumption of LRWC’s eBingo operations until the respective expiration of the licenses of the sites that are mainly placed within shops, arcades and lodges.

LRWC stated Pagcor is likewise “within the system of reading whether or not they will completely keep the exemption of department stores, arcades and motels from the gap requirements.”

According to the PSE internet site, LRWC stated ABLE and its different subsidiaries are operating 123 eBingo parlors nationwide.