Philippine workers who dream of owning a decent and affordable house can realize their dream with the help of Pag-IBIG, the fund’s deputy CEO said in Taipei on Sunday.
“The government is looking at helping overseas Filipino workers [OFWs] in Taiwan to buy houses in the Philippines,” Jaime Fabiana said.
A Housing Fair was held on Sunday at the Dominican School in Taipei, the first of its kind organized outside the Philippines by the Manila Economic and Cultural Office (MECO) and Pag-IBIG Fund.
The Housing Fair is a coordinated effort by government agencies such as Pag-IBIG Fund, the Landbank of the Philippines (LBP), the Philippine Health Insurance Corp and the Philippine Labor and Employment Office, MECO said. Pag-IBIG is one of the Philippine government’s leading housing agencies.
Fabiana said that many OFWs dream of building a new house for their loved ones.
“We hope to help make their dream come true by hosting this Housing Fair in Taipei,” Fabiana said. “We provide housing loans at rates as low as 6 percent.”
“I think the interest rates for the housing loans are quite low,” said Silva Moonyen Ortiz, a Filipina who has been working in Taiwan for three years.
MECO estimates there are about 85,000 Filipinos in Taiwan working hard to provide for their families in the Philippines.
Pag-ibig Fund is Manila’s Home Development Mutual Fund, created in 1978 to offer savings schemes and housing loan packages. It includes an overseas program, which offers OFWs, immigrants and naturalized citizens an opportunity to save for the future and to access a housing loan of as much as 2 million Philippine pesos (US$41,200).
STILL DANGEROUS: The typhoon was expected to weaken, but it would still maintain its structure, with high winds and heavy rain, the weather agency said One person had died amid heavy winds and rain brought by Typhoon Krathon, while 70 were injured and two people were unaccounted for, the Central Emergency Operation Center said yesterday, while work and classes have been canceled nationwide today for the second day. The Hualien County Fire Department said that a man in his 70s had fallen to his death at about 11am on Tuesday while trimming a tree at his home in Shoufeng Township (壽豐). Meanwhile, the Yunlin County Fire Department received a report of a person falling into the sea at about 1pm on Tuesday, but had to suspend search-and-rescue
RULES BROKEN: The MAC warned Chinese not to say anything that would be harmful to the autonomous status of Taiwan or undermine its sovereignty A Chinese couple accused of disrupting a pro-democracy event in Taipei organized by Hong Kong residents has been deported, the National Immigration Agency said in a statement yesterday afternoon. A Chinese man, surnamed Yao (姚), and his wife were escorted by immigration officials to Taiwan Taoyuan International Airport, where they boarded a flight to China before noon yesterday, the agency said. The agency said that it had annulled the couple’s entry permits, citing alleged contraventions of the Regulations Governing the Approval of Entry of People of the Mainland Area into the Taiwan Area (大陸地區人民進入台灣地區許可辦法). The couple applied to visit a family member in
CELEBRATION: The PRC turned 75 on Oct. 1, but the Republic of China is older. The PRC could never be the homeland of the people of the ROC, Lai said The People’s Republic of China (PRC) could not be the “motherland” of the people of the Republic of China (ROC), President William Lai (賴清德) said yesterday. Lai made the remarks in a speech at a Double Ten National Day gala in Taipei, which is part of National Day celebrations that are to culminate in a fireworks display in Yunlin County on Thursday night next week. Lai wished the country a happy birthday and called on attendees to enjoy the performances and activities while keeping in mind that the ROC is a sovereign and independent nation. He appealed for everyone to always love their
‘EXTREME PRESSURE’: Beijing’s goal is to ‘force Taiwan to make mistakes,’ Admiral Tang Hua said, adding that mishaps could serve as ‘excuses’ for launching a blockade China’s authoritarian expansionism threatens not only Taiwan, but the rules-based international order, the navy said yesterday, after its top commander said in an interview that the Chinese People’s Liberation Army (PLA) could blockade the nation at will. The object of Beijing’s expansionist activities is not limited to Taiwan and its use of pressure is not confined to specific political groups or people, the navy said in a statement. China utilizes a mixture of cognitive warfare and “gray zone” military activities to pressure Taiwan, the navy said, adding that PLA sea and air forces are compressing the nation’s defensive depth. The navy continues to