Connect with us

Hi, what are you looking for?


Acosta appointed as Pag-IBIG Fund CEO

Pag-IBIG Fund acting Chief Executive Officer Marilene C. Acosta

In a letter released by Malacañang on Sept. 19, Marilene C. Acosta has been appointed as acting Chief Executive Officer of Pag-IBIG Fund, succeeding Acmad Rizaldy P. Moti as head of the country’s leading home financing agency.

Acosta, who hails from Narvacan, Ilocos Sur, has been with Pag-IBIG Fund since 1981. A Certified Public Accountant (CPA) and Career Executive Service Officer (CESO) V, she rose from the ranks since starting her career as an accounting clerk in Pag-IBIG Fund’s Baguio Regional Office. During her tenure as Pag-IBIG Fund Deputy CEO for Home Lending from March 2017 to September 2022, the agency released consistent record-highs in housing loans, which then enabled a record-high number of members to acquire their own homes.

“I am grateful for the trust that the President Ferdinand Marcos, Jr. and our Chairperson, DHSUD Secretary Jose Rizalino Acuzar have given me on being appointed to this post. I also thank outgoing CEO Moti and my fellow Lingkod Pag-IBIG for their support, as well as the Organization of Socialized and Economic Housing Developers in the Philippines (OSHDP), Inc. and the Subdivision and Housing Developers Association (SHDA), Inc. for their endorsements. I assure all of them, as well as our members, partner-developers, partner-employers and stakeholders, that we at Pag-IBIG Fund shall remain committed in providing them responsive and excellent service. My more than 40 years of public service in Pag-IBIG Fund has prepared me well for this post, and I will put to best use all that I have learned during the past four decades in ensuring that we continue the fulfillment of our mandates and in providing Tapat na Serbisyo, Mula sa Puso,” Acosta said.

Outgoing Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti, meanwhile, hailed Acosta’s appointment. He said that this would ensure continuity in the agency’s directions towards sustaining and building on the many gains it has accomplished over the recent years.

“CEO Acosta’s leadership, excellence, integrity, and grit are among the key factors that have enabled Pag-IBIG Fund to accomplish numerous record-highs and milestones, particularly in the home financing front. Her appointment shall allow the continuity and sustainability of Pag-IBIG Fund’s efforts to uplift the lives of all Filipino workers. I truly wish her and Pag-IBIG all the best,” Moti said.

Moti leaves Pag-IBIG Fund in its strongest-ever state, posting significant increases in key metrics from 2016 – the year prior to assuming his post as CEO. As of August 2022, the agency has P795.93 billion in total assets, an 81% increase from P439.30 billion as of yearend 2016; a P100.8 billion single-year home loan release in 2021, a 76% increase from the annual home loan takeout of P57.3 billion six years ago; P25.95 billion voluntarily saved by members in MP2 Savings in 2021, a 3,065% increase from the P0.82 billion saved in 2016; investible funds amounting to P92.56 billion, a 49% increase from P62.15 billion in 2016; and, an annual net income of more than P30 billion for five consecutive years since 2017.

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to

Join us on Viber to get more updates from BusinessWorld:

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



SEAN YORO-UNSPLASH By Keisha B. Ta-asan THE INTERNATIONAL Monetary Fund (IMF) expects Philippine expansion to slow this year as rising interest rates cloud the...


THE PHILIPPINE central bank is expected to raise the policy rate to 5% by yearend — higher than the initial 4.5% forecast — to...


PHILSTAR FILE PHOTO By Kyle Aristophere T. Atienza, Reporter PRESIDENT Ferdinand R. Marcos, Jr. should fulfill his campaign promise to modernize the Philippines’ maritime...


PHILIPPINE EMPLOYERS will probably increase their budget for pay increases next...


BW FILE PHOTO By Diego Gabriel C. Robles PHILIPPINE EMPLOYERS will probably increase their budget for pay increases next year amid a tight labor...


PHILSTAR FILE PHOTO Philippine President Ferdinand R. Marcos, Jr. on Monday certified as urgent the proposed P5.268-trillion national budget for next year, citing the...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.