GSIS suspends processing of housing loan applications
The Government Service Insurance System (GSIS) suspended its housing loan program, but GSIS president and general manager Robert Vergara said that it is not because of the agency’s financial status but to focus on other types of loans it can offer to members. Vergara said agencies like the Home Development Mutual Fund (HDMF) or Pag-IBIG [...]
May 28, 2011
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Tags: Government, GSIS, HDMF, home mortgage, Housing loan, housing program, Loans · Posted in: Announcement, Consumers, economy, Government, Housing, Philippine business news, Philippines, Poverty
SMC sells assets to fund diversifications
The food and beverage giant San Miguel Corp. is looking to sell a minority stake in its food, hard liquor, international beer and packaging units. SMC plans to sell its assets in its effort to raise $600 million, the proceeds of which will be used to its new ventures which are outside its traditional businesses. [...]
September 19, 2009
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Tags: asset sale, business news, diversification, Ginebra, GSIS, Philippine, Pure Foods, SMC · Posted in: Corporations, investments, Philippine business news
