Senate President Francis “Chiz” Escudero said the Philippine Health Insurance Corporation (PhilHealth) can afford to lower its members' mandatory contribution thanks to the huge chunk of unutilized funds that it has accumulated over the years. Citing figures from the Department of Finance (DOF)...
State-run Government Service Insurance System (GSIS) said that its Multi-Purpose Loan Flex (MPL Flex) program has provided over P208 billion in loans to nearly 800,000 members within a year of its launch. Introduced in September 2023, the MPL Flex offers government employees a flexible loan option...
Amid rising dengue cases in Eastern Visayas, the Government Service Insurance System (GSIS) has announced an emergency loan program worth P1.5 billion. The GSIS said in a statement on Friday, Sept. 20, that financial assistance is available to 34,739 members and pensioners residing in Samar,...
Being the lead agency overseeing regional power utilities, the National Electrification Administration (NEA) urged the country’s electric cooperatives (ECs) to procure insurance cover for their critical assets – especially the facilities that are vulnerable to damage or technical glitches when...
The Government Service Insurance System (GSIS) has confirmed a security incident that compromised the administrator account of one of its test computers. According to the state-owned pension fund, the breach was reported on Thursday, Sept. 12, at 5:20 PM. While the extent of the breach is...
To assess their preferences for availing of medical services, the Department of Education (DepEd) has started conducting an online survey among its employees. (DepEd / Manila Bulletin) In an advisory issued on Thursday, Sept. 12, DepEd announced that it is conducting an online survey to...
The Philippine Chamber of Commerce and Industry (PCCI) calls on the Philippine Health Insurance Corp. (PhilHealth) to increase the healthcare benefits and packages offered to its members. In a statement, PCCI President Enunina V. Mangio said that PhilHealth's mandate is to provide affordable and...
The Department of Budget and Management (DBM) condemned the Medical Action Group for spreading false and misleading information regarding the coverage of the Philippine Health Insurance Corp. (PhilHealth). In a statement, the budget department said the group is sowing fear and panic among Filipinos...
State-owned Government Service Insurance System (GSIS) announced that it would extend its emergency loan program to members and pensioners affected by Typhoon "Enteng." According to the state pension fund, the loan would provide financial relief for areas declared under the state of calamity. The...
The Department of Budget and Management (DBM) has revealed plans to broaden the scope of the national indemnity insurance program (NIIP) to cover more than just school buildings. Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 28, that the DBM wants to add other important...
The Yuchengco Group’s Malayan Insurance Co. Inc. has maintained its Financial Strength Rating of B++ (Good) from A. M. Best. The firm reported that it also retained the Long-Term Issuer Credit Rating of “bbb” (Good), and Philippines National Scale Rating (NSR) of aa+.PH (Superior) for 2023....
State-run Philippine Deposit Insurance Corp. (PDIC) is set to auction off some remaining assets from closed banks next month. In a statement, PDIC said the government’s deposit insurer plans to hold an electronic public bidding (e-bidding) on Sept. 25 and 26, 2024. The auction will consist...
