The Armed Forces and Police Mutual Benefit Association, Inc. or AFPMBAI announced on its Facebook page that they are now accepting online loan application. AFPMBAI is an organized mutual benefit association that provides security, protection and meaningful financial solutions for the uniformed services of the Philippines and their families. Based on the announcement, you may […]
The government compensates police officers for their services by paying them a salary. Also, the law discourages government employees from an ostentatious display of wealth and living a luxurious lifestyle. But in reality, most law enforcers have just enough to live a comfortable life. As such, officers welcome (with much appreciation) any news related to finance and additional benefits.
The Public Safety Mutual Benefit Fund, Inc or PSMBFI launched its Pantawid Covid Program through “Tulong Handog sa mga Miyembro: Covid 19 Crisis” as a way of helping its members in this critical period. FOR PNP MEMBERS Under the program, PSMBFI members from the PNP shall receive P5,000 each as financial assistance to defray their […]
We have been hearing requests from PSSLAI members about an Online Application Facility for iTrack for some time now. For those who don’t know it, PSSLAI’s iTrack facility is an SMS platform where you can do Account and Loan Balance Inquires and Fund Transfer transactions. In the past, you may ONLY enroll for iTrack at […]
It’s pretty sure that you all know by now that a bill was passed by the Congress and was signed into law by President Duterte on the evening of March 24, 2020 – the Republic Act No. 11469 or “Bayanihan to Heal as One Act”. The law serves as the national policy to manage and […]
Dahil nagmamatigas ang ibang mga Financial Institutions, na ayaw mag-kawang gawa at magbigay ng Blanket Moratorium or Grace Period on Loan Payment Collection, MAY GOOD NEWS AKO SA INYO. Alam ko nababalitaan nyo yung emergency session sa Senate at House of Representatives to give the President emergency powers. Yun lang kasi ang naka-highlight sa news. […]
A photo circulated online, as of the late night of 24 March 2020, showed a message from AFPSLAI President and CEO declaring that the financial institution will suspend the loan payment collection from its members. In a “Message of the President & CEO”, MGEN ESMERALDO C MAGNAYE AFP (Ret) announced that they know the COVID-19 […]
President Duterte signed the Salary Standardization Law of 2019 yesterday. As a review, this law was based on House Bill (HB) No. 5712 that was passed on the 3rd and final reading by the House of Representatives on December 18, 2019. The Senate passed their version on December 16, 2019. It can be recalled that […]
The LAND BANK of the Philippines issued a Client Advisory to address the message circulating in the social media regarding the supposed reason why the SRI is not yet credited in the individual accounts. The said message purports that the reason why the SRI is still not credited to individual accounts is because of the […]
Government employees, including personnel of Philippine National Police (PNP), are expected to receive another cash incentive this year-end of 2019, a new law says.
OIC PNP, Police Lieutenant General Archie Francisco F Gamboa has approved the release of P7.4Billion pesos for the year-end bonus of its personnel today, November 15. Following the directive, PMGEN Jose Victor Ramos, Director for Comptrollership said about P7,481,118,702.86 pesos was allotted for the 2019 year-end bonus of 205,189 uniformed and non-uniformed PNP personnel nationwide. […]