PHILIPPINE President Ferdinand R. Marcos, Jr. said state-run Social Security System (SSS) members will gain access to a loan facility designed to provide quick,PHILIPPINE President Ferdinand R. Marcos, Jr. said state-run Social Security System (SSS) members will gain access to a loan facility designed to provide quick,

SSS to offer emergency loan in Dec.

PHILIPPINE President Ferdinand R. Marcos, Jr. said state-run Social Security System (SSS) members will gain access to a loan facility designed to provide quick, low-cost relief during periods of national emergency, starting this December.

In a video message released on Thursday, Mr. Marcos said that the SSS will offer emergency loans with a 7% interest rate, accompanied by a six-month moratorium on repayments to ease the immediate financial burden on borrowers. 

Loan amortization will not be required during the first half-year after release.

The country is under a one-year state of national calamity following successive storms, including a super typhoon, that battered the climate-vulnerable nation.

“Starting this December, the SSS will be able to provide what is called an emergency loan,” Mr. Marcos said in Filipino.

“You can use this loan for your needs, especially, as I mentioned, during emergencies; this is what you can access from the SSS.”

The President added he is continuing to work with the SSS to explore additional options for safer and more equitable microloans and emergency loan programs for Filipinos. — Chloe Mari A. Hufana

Market Opportunity
Sparkle Logo
Sparkle Price(SSS)
$0.003139
$0.003139$0.003139
-2.15%
USD
Sparkle (SSS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
WazirX founder confirms that the Indian crypto exchange’s dispute with Binance has escalated to formal litigation

WazirX founder confirms that the Indian crypto exchange’s dispute with Binance has escalated to formal litigation

WazirX founder and CEO Nischal Shetty has confirmed that the Indian crypto exchange’s dispute with Binance has escalated to formal litigation. This has raised concerns
Share
Coinstats2025/12/27 05:45
WazirX founder Nischal Shetty says Binance ownership dispute now in litigation

WazirX founder Nischal Shetty says Binance ownership dispute now in litigation

The post WazirX founder Nischal Shetty says Binance ownership dispute now in litigation appeared on BitcoinEthereumNews.com. WazirX founder and CEO Nischal Shetty
Share
BitcoinEthereumNews2025/12/27 05:53