The Pag-IBIG Fund has lowered for the second time this year the interest rates on government housing loan packages, Pag-IBIG said in a press release over the weekend.

Loan packages up to P300,000 will now be charged an interest rate of 6.0 percent down from the old rate of 9.0 percent while for loans over P300,000 up to P500,000, from 10 percent to 7.0 percent.

For loans over P500,000 to P1 million, interest will decrease from 11 percent to 10.5 percent, and for over P1 million up to the maximum of P2 million, from 12 percent to 11.5 percent.

'Negros brand' beef, pork
to be produced for export

Negros Occidental will produce for export the "Negros brand" beef and pork once its Triple A slaughterhouse at the export processing zone in Sagay City is completed.

Provincial Veterinarian Renante Decena said that meat processing plants will be opened in the export zone.

Decena said that, meanwhile, local producers process meat at the double A slaughterhouse of Victorias Foods for them to sell "pork- in-a-box" to Metro Manila.

A satellite slaughterhouse in Kabankalan City is also being utilized, he said.

OFW deployment
reaches almost 1M

The Department of Labor and Employment said in a report that Filipino workers deployed overseas from Jan. 1 to Nov. 18 this year have reached 991,461, only 8,539 short of the one-million deployment target for 2006.

For the same period last year, total deployment was 893,073, but it increased by 11 percent or 98,388 this year to 991,461.

The DOLE report said that land-based workers have reached 751,974 from January to November this year, up by 11.5 percent from the 674,138 deployed worldwide for the same period in 2005. Deployment of overseas Filipino seafarers reached 239,487, posting a growth of 9.4 percent from 218,935 from last year.

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