COVID-19 Advisory #7: GCQ Shift

On May 28, 2020, President Rodrigo Duterte announced that Metro Manila will shift out of MECQ (Modified Enhanced Community Quarantine) but stay under GCQ (General Community Quarantine) starting June 1.

As such, consistent with the Bayanihan To Heal As One Act, HPPEMC will be granting another 30-day grace period for loan payments falling due on the June 2020 payroll run.

Again, similar to the April and May 30-day grace periods mentioned in our April 8 and April 25 newsletters, this is optional and does not preclude those wanting to pay their obligations for June 2020.

To those wanting to avail of this third 30-day grace period, please click HERE to read the amended policy and how to avail. Please note that consistent with BSP and CDA guidelines, loan interest will continue to accrue during the 30-day grace period. Kindly make sure to read the amended policy for an illustration of interest computation.

To allow us to promptly process your request, please let us know on or before June 4, 2020 if you are availing of the third 30-day grace period. Thank you.

COVID-19 Advisory #6: HPP Vacation Home

Despite easing the lockdown, the Tagaytay City local government has advised that short-term lease is still prohibited until further notice. Thus, booking of our Serin unit has been disabled until end July. Booking from August to December 2020 has been opened with free rebooking/cancellation based on the status of the pandemic.

COVID-19 Advisory #5: ECQ Extension

With President Rodrigo Duterte extending the Enhanced Community Quarantine in Metro Manila until May 15, HPPEMC will be granting another 30-day grace period for loans falling due on the May 2020 payroll.

Similar to the first 30-day grace period granted in April, availing of this second 30-day grace period is optional and does not preclude those wanting to pay their obligations for May 2020.

As such, for those who wish to avail of the 30-day grace period offered for the May 2020 payroll run, please click HERE to read the amended policy and how to avail. Please note that consistent with BSP and CDA guidelines, loan interest will continue to accrue during the 30-day grace periods. Kindly make sure to read the amended policy for an illustration of interest computation.

Members must inform the coop office on or before May 1, 2020 if they wish to avail of the second 30-day grace period to allow the coop to process the request before the May 2020 payroll cut-off. 

HPPEMC Members Donate To COVID-19 Frontliners

HPPEMC "Call-For-Donations" was able to help INSPIRE in their relief efforts to support our heroes in the Philippine General Hospital. Extending their appreciation, INSPIRE shared that with help from members and other donors, they were able to bring the following to PGH:

  • 100 Surgical Masks and Gowns
  • 100 Breakfast Meals
  • 100 N95 Masks
  • 100 Face Shields 

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More help will be needed as our frontliners continue fight the pandemic. As such, INSPIRE is continuously calling for donations to be able to acquire much needed PPEs for the Lung Center of the Philippines and the UST Hospital, among others. Those wishing to donate may contact the coop office for details.

COVID-19 Advisory #4: Bayanihan Act

Pursuant to the Implementing Rules and Regulations recently released for Section 4(aa) of the Republic Act 11469, otherwise known as the "Bayanihan to Heal As One Act", the HPPEMC board has approved the granting of a 30-day grace period for payment of loans falling due on the April 2020 payroll run.

The 30-day grace period is optional and does not preclude those who wish to pay their obligations for April 2020.

Those wanting to avail of the 30-day grace period may click HERE to read the policy and availment procedures. Kindly note that, consistent with BSP and CDA guidelines, additional interest will accrue during the 30-day grace period.

To allow for the prompt processing of requests, members much inform the coop office on or before April 17, 2020 if they would like to avail of the 30-day grace period.

Please contac the coop office for any questions.

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11F Intellectual Property Center
McKinley Hill, Taguig City

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