The Bangko Sentral ng Pilipinas’ (BSP) push for personal equity and retirement accounts (PERA) is expected to promote the wider adoption of open finance in the Philippines, according to the Tokyo-based think tank Asian Development Bank Institute (ADBI). “The BSP remains committed to advancing...
The Commission on Audit (COA) has granted the P1.4 million in pension differentials claimed by the widow of a deceased officer of the then Integrated National Police (INP), now Philippine National Police (PNP). Danilo M. Garlitos was appointed patrolman in the INP on Sept. 15, 1974. He went through...
CEBU CITY – Very dependable. This was how Edd Mac, a male Belgian Malinois, was described during his stint with the Regional Explosive Ordnance Disposal and Canine Unit of the Regional Police Office-Central Visayas (PRO-7). POLICE Master Sgt. Victor Lark Blancas escorts Edd Mac, a nine-year-old...
(MANILA BULLETIN) The House of Representatives has approved on third and final reading a measure that would allow senior citizens to be employed even after reaching retirement age. House Bill (HB) No. 10985, or the proposed Employment Opportunities for...
Ayala-led ACEN Corporation has broadened partnership deals with two Singaporean firms for transition credits (TC) trading that could financially support the advanced retirement of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Batangas. The latest...
The Philippine Retirement Authority (PRA) can now check if foreigners applying for Special Resident Retirees Visa (SRRV) have derogatory records, the Bureau of Immigration (BI) said on Monday, June 24. In a statement, the BI said it signed a data sharing agreement with PRA last June 21....
Senator Joseph Victor “JV” Ejercito on Sunday, May 5 welcomed the release of retirement pay for the former employees of the Intercontinental Broadcasting Corp. (IBC). Ejercito expressed his elation after learning that a total of 145 ex-IBC employees will finally receive their...
After 22 years, some 145 former employees of the state-owned Intercontinental Broadcasting Corporation (IBC) have finally received their retirement pay upon President Marcos' orders, the Presidential Communications Office (PCO) announced on Saturday, May 4. PCO Secretary Cheloy Garafil shakes hands...
State-run Social Security System (SSS) will continue to issue violation notices to contribution evaders nationwide in light of the upcoming Labor Day. In an effort to protect the welfare and security of private sector employees, the SSS urges establishments to responsibly remit their workers’...
The National Electrification Administration (NEA) has sternly cautioned the country’s 121 electric cooperatives (ECs) not to be tempted on exploiting the retirement fund of their employees or in utilizing them as convenient piggy bank ready for embezzlement. NEA Administrator Antonio Mariano...
Senator Maria Lourdes Nancy Binay on Sunday, April 7 renewed her call on the Philippine Retirement Authority (PRA) to strictly scrutinize applications as immigration officials reported of an alleged "Chinese mafia” using passports with special resident retiree visas (SRRV). Binay made the...
The Social Security System (SSS) reported an increase in cash benefits for elderly members who could no longer work that benefited over two million Filipinos. The SSS said on Friday, Mar. 8, that the pension fund released around P157 billion in retirement benefits to 2.2 million members from...
