State-run pension fund Government Service Insurance System (GSIS) is ready to extend up to ₱40,000 in emergency loans to members and pensioners affected by Tropical Storm Maymay and the enhanced Southwest Monsoon, or Habagat, once their areas are officially placed under a state of calamity. In a...
The net income of Social Security System (SSS), the state-run pension fund for private-sector workers, fell by 28 percent to ₱48 billion in the first half of 2026 as expenses, especially benefit payouts to pensioners, continued to rise faster than its income. SSS’ latest condensed statement of...
PHILRECA Party-list Rep. Presley de Jesus has placed the onus on the Department of Energy (DOE) to end its habit of allowing generation companies to build power plants wherever they choose. This, as De Jesus cited in a recent House Committee on Energy hearing that strategic siting near existing...
House members sought clarification on the highly technical nature of system loss on Wednesday, Aug. 6 as the Committee on Energy held its first hearing to discuss issues and concerns surrounding the proposed abolition of system loss charges from electricity bills. Pangasinan 2nd district Rep. Mark...
The Institute of Integrated Electrical Engineers of the Philippines (IIEE) is demanding a formal role in the ongoing review of the country’s landmark power legislation, arguing that a quarter-century of regulation must be updated to align with modern engineering standards while safeguarding...
The Social Security System (SSS) and the Commission on Filipinos Overseas (CFO) signed a memorandum of understanding to widen social security coverage for overseas Filipinos and their dependents. SSS President and Chief Executive Officer Robert Joseph Montes de Claro and CFO Chairperson Secretary...
The Social Security System (SSS) expanded its equity stake in Antonio-led Century Properties Group Inc. (CPG) to almost 10 percent, deploying additional capital into the housing builder as the state-backed pension fund seeks stable returns from real estate assets. In a disclosure to the Philippine...
Top leaders from the House of Representatives have filed a measure seeking to exempt electricity consumers from paying the 12 percent Value-Added Tax (VAT) on the much-panned system loss charges. Filed by Senior Deputy Speaker South Cotabato Cotabato 2nd district Rep. Ferdinand Hernandez and...
Hundreds of motorcycle taxi riders appealed to President Ferdinand Marcos Jr. on Tuesday, Aug. 4, to halt the implementation of the Land Transportation Franchising and Regulatory Board 's (LTFRB) rider allocation, or capping, system, warning that it could leave thousands of riders without a...
State-run pension fund Government Service Insurance System (GSIS) has refunded more than ₱9 billion in loan amortizations to over 500,000 members and pensioners in less than a month under the expanded Balik Ginhawa 2 program, just 24 days after its wider implementation. In a statement on Tuesday,...
Consumers and lawmakers cheered the SONA pledge to scrap system loss charges as if Christmas had come early with a gift-wrapped power discount. But electricity has a wicked sense of humor: erase the line item today, and the cost may quietly return tomorrow wearing a different name. After all, no...
Senate President Sherwin Gatchalian on Sunday, August 2 expressed confidence that the measure seeking to remove system loss charges, as well as the value-added tax (VAT), from electricity bills would be approved before Christmas or the end of this year. “I can actually see the legislation moving...
