The Asian Development Bank (ADB) has flagged the Social Security System’s (SSS) “limited coverage” of unemployment benefit. Based on ADB’s report released on Wednesdays, March 16, the Manila-based multilateral institution said it is critically important for the SSS to have a well-funded UI...
State-owned Social Security System (SSS) clarified that pensioners residing in the Philippines are still exempted from complying with the annual confirmation of pensioners’ program (ACOP) to continue receiving their monthly pensions. In a statement, Michael G. Regino, SSS president and chief...
Aside from the conflict between Russia and Ukraine, the Philippine government has to be "vigilant and prepared" over the situation in North Korea, presidential candidate Senator Panfilo “Ping” Lacson said. Lacson, who chairs the Senate Committee on National Defense and Security, is reacting to...
The Social Security System (SSS) has extended operating hours of its branches in Metro Manila to improve frontline services following the influx of transactions. In a statement, newly-installed SSS President and Chief Executive Officer Michael G. Regino said on Friday, March 11, that he ordered...
Department of National Defense (DND) Secretary Delfin Lorenzana announced Wednesday, March 9, that there will be no impact on the country’s national security if the reported takeover of an abandoned shipyard in Subic Bay, Zambales by a United States private equity firm will push through. Overview...
President Duterte's successor should take a multilateral approach in resolving maritime disputes involving the Philippines, former Supreme Court Associate Justice Antonio Carpio said. West Philippine Sea (FILE PHOTO FROM AFP) During a foreign policy forum organized by Stratbase ADR Institute,...
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The digitalization program of the Social Security System (SSS) has reduced the pension fund’s operating expense, the Department of Finance (DOF) said. In a statement released by the DOF, the department reported that SSS’ operating expenses amounted to P4 for every P100 of benefits paid in 2021,...
What was supposed to be a meeting with top-level officials of the Social Security System for the presentation of the zero backlog program became something more when the Anti-Red Tape Authority (ARTA) witnessed violations of the Ease Of Doing Business (EODB) Act in the SSS Diliman, Quezon City...
From left: Divino Lorenzo F. Villanueva III, Director, GIV Capital Holdings Corporation; Jeffrey D. Ligsay, AVP - Trust Banking Group, Development Bank of the Philippines (DBP); Ma. Felicia S. Magtibay, SAVP - Trust Banking Group, DBP; Francis Nicolas M. Chua, FVP - Corporate Finance Group DBP;...
State-run Social Security System (SSS) said all its branches in areas under Alert Level 1 will be in full operations to address the influx of transacting members, particularly in certain branches in Metro Manila. “With the reduction in Covid-19 alert levels, we are now in 100 percent operational...
Security Bank Corporation’s net income income dipped to P6.9 billion in 2021 from P7.4 billion in the prior year because the passage of the CREATE law triggered a one-time P1.2 billion charge for deferred tax assets. In a disclosure to the Philippine Stock Exchange, the bank said its profit...
