[ manilastandardytoday.com] February 20, 2008
By Eileen A. Mencias
Home Development Mutual Fund, more commonly known as the Pag-IBIG Fund, yesterday signed an agreement with the Ayala-controlled Bank of the Philippine Islands to accept the government agency’s monthly remittances estimated at P4 billion.
Pag-IBIG Fund president and chief executive Miro Quimbo said the agreement would help bring down the fund’s cost of servicing its seven million members and improve its reach. > > > [ full story ]
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