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SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives, following disasters such as flooding and earthquakes. [19]
State of calamity, in the context of disaster management in the Philippines, refers to a status that could be declared widespread within the country, or certain localities, in response to a destructive, natural, or man-made disaster. This measures allows the release of "calamity funds" allocated to local governments and control the pricing of ...
The Government Service Insurance System prepared emergency loan programs for calamity-hit individuals. [103] Floodwaters in Bulacan after Typhoon Doksuri. Two organizations from the private sector began facilitating the sale of produce which were harvested in advance to evade damage from the typhoon's strong winds. [104]
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
A price freeze was issued in areas placed under a state of calamity following the storm, covering important and local goods. [172] The Energy Regulatory Commission also ordered energy firms to suspend the disconnection of customers from the electrical grid and implement flexible bills payment schemes in affected areas until December 2024. [ 173 ]
A Republican senator has blocked the promotion of a general who oversaw the US withdrawal from Afghanistan, according to a source familiar with the matter, as President-elect Donald Trump has ...
WASHINGTON (Reuters) -U.S. government agencies held a classified briefing for all senators on Wednesday on China's alleged efforts known as Salt Typhoon to burrow deep into American ...
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