As reported by the Philippine Statistics Authority, the country was able to attain a strong GDP (gross domestic product) growth of 8.3 percent in the first quarter of 2022, surpassing the pre-pandemic levels. This figure is higher than the 7.8 percent expansion in the final quarter of 2021, and is the highest in the ASEAN region.
State-owned Philippine Guarantee Corporation (PHILGUARANTEE) underscored its key assistance role during the pandemic with the rest of its local and international counterparts during its virtual participation in three important annual meetings in the Asia-Pacific Region.
Philippine Guarantee Corporation (PHILGUARANTEE) signed on July 6, 2021 a Memorandum of Understanding (MOU) with the 1,500 member-strong Philippine Constructors Association, Inc. (PCA), an association of Philippine contractors since 1945.
Philippine Guarantee Corporation (PHILGUARANTEE) has evaluated and processed a total of P1.094 Billion in loan guarantee claims from January to December 2020.