Dividends remitted by the Philippines Ports Authority (PPA) to the government coffers under President Duterte’s watch exceeded the sum it had contributed in more than two decades, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III on Wednesday, March...
Loan releases by State-run Government Service Insurance System (GSIS), the pension fund for government workers, jumped to P151 billion in 2021, driven mainly by support to members who have reached borrowing limit and unable to pay loans. In a statement, Rolando Ledesma Macasaet, GSIS president and...
Despite uncertainties amid the pandemic, the Government Service Insurance System (GSIS) said its investment fund expanded last year on the back of “well-positioned” foreign currency denominated portfolio. Rolando Ledesma Macasaet, GSIS president and general manager, said on Friday, March 4,...
State-owned Government Service Insurance System (GSIS) is granting emergency loan to members and pensioners in six regions in the country that bore the brunt of Typhoon Odette. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager said Friday, Jan. 14, that active members...
State-owned Government Service Insurance System (GSIS) is urging government agencies to pay unremitted premium contributions to avail of penalty condonation. In a statement, Rolando Macasaet, GSIS president and general manager said on Tuesday, Oct. 19, said that government agencies are encouraged...
Employees of Benguet Electric Cooperative, Inc. (BENECO) were barred from work after their heavily-criticized new leadership allegedly took over by force the electric cooperative facility in the wee hours of Monday. Photos and videos shared by BENECO and BENECO Employees Union (BELU) on their...
Tobacco smugglers in the Philippines have taken advantage of the pandemic to push their cheap and inferior products to consumers suffering from diminished income, the maker of Winston cigarettes said. In a statement, John Freda, Japan Tobacco International (JTI) Philippines general manager said...
The Metropolitan Manila Development Authority (MMDA) has installed its new general manager following the resignation of its former general manager to seek a national post in the upcoming 2022 elections. Lawyer Romando "Don" Artes is MMDA's new general manager, replacing Jojo Garcia who resigned...
