Companies with delinquent SSS contributions gets a reprieve
The Social Security System (SSS) records show that the unremitted premium contribution has already reached an estimated P109 billion, while the penalties amount to P280 billion. SSS President Romulo Neri said they don’t expect to collect all those penalties because a lot of companies are so hard up these days, but added that employers need [...]
January 8, 2010
Tags: business news, Philippines, RA 9903, Republic Act 9903, SSS, SSS penalties condonation Posted in: Announcement, Corporations, Government, Labor, Law, Philippine business news, Philippines, economy, finance, money 
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Lower housing loan rates from SSS
To help Filipinos whose homes were damaged by the recent onslaught of tropical storm Ondoy last , SSS reduced loan rates for home repairs and improvements.
The reduced rates for SSS is now at 9%, from a previous 13% per annum. The maximum amount of loan that can be availed is P300,000 and payable up to [...]
October 2, 2009
Tags: Filipino, finance, Housing, Housing loan, lower rates, money, Philippines, SSS Posted in: Announcement, Consumers, Government, Housing, Philippine business news, Philippines, economy, finance, money No Comments
Lower interest rates from SSS
Because of the downward trend in banks’ lending rates the Social Security System (SSS) has reduced its interest rates on its social and business loans.
The lowered interest rates on loans by SSS is aimed to boost the agency’s lending facility, and took effect last July 1, 2009.
“We lowered our interest rates to generate more employment [...]
August 9, 2009
Tags: business loans, interest rates, lowered loands, pension fund, Philipppines, SSS Posted in: Law, Philippine business news, Philippines, finance, money No Comments
