State-run Government Service Insurance System (GSIS) has allocated ₱520.08 million in emergency funding to support 21,153 members and pensioners affected by public health and agricultural crises in La Union and Negros Occidental. Under the facility, GSIS said that eligible active workers and...
State-run pension fund Government Service Insurance System (GSIS) invested ₱441.26 million to acquire shares of Megawide Construction Corp. from company Chairman Edgar Saavedra’s Megacore Holdings Inc., increasing its stake to 9.5 percent. Based on data from the Philippine Stock Exchange (PSE),...
The net income of Social Security System (SSS), the state-run pension fund for private-sector workers, declined by almost a fourth to ₱25.3 billion in the first quarter of 2026 as benefits paid to members and pensioners surged. SSS’ latest condensed statement of comprehensive income showed that...
International Finance Corp. (IFC) expects its investment in Aboitiz-led Union Bank of the Philippines’ (UnionBank) inaugural sustainability bond to broaden access to climate finance, expand lending to micro, small, and medium enterprises (MSMEs), as well as encourage more Philippine financial...
Newly appointed Department of Health (DOH) Secretary Dr. Jose Brittanio “Brix” S. Pujalte Jr. on Tuesday, July 14, vowed to ensure the continuous delivery of quality healthcare services, saying his administration will prioritize strengthening the country’s public health system and supporting...
State-run pension fund Government Service Insurance System (GSIS) has allotted ₱12.62 million in emergency loans for members and pensioners in Puerto Galera town, Oriental Mindoro province, following the declaration of a state of calamity due to prolonged dry conditions and water shortages caused...
Social Security System (SSS) is earmarking ₱40 billion to finance a planned solar panel loan program that could benefit around 100,000 households. SSS President and Chief Executive Officer (CEO) Robert Joseph De Claro told reporters in a recent interview that the state-run pension fund is...
State-run pension fund Government Service Insurance System (GSIS) has increased its funeral benefit by two-thirds to ₱50,000 from ₱30,000, providing greater financial assistance to families of deceased government workers and qualified pensioners. In a statement on Monday, July 13, GSIS said the...
The Department of Foreign Affairs (DFA) has officially launched the Philippine e-Visa system at several Philippine Foreign Service Posts in Europe, including the Philippine Embassy in Copenhagen, Denmark. In a statement issued on July 8, the DFA said the July 6 launch expands the government’s...
The Government Service Insurance System (GSIS) expanded its investment in Citicore Renewable Energy Corp. (CREC) to ₱4.5 billion, completing a series of secondary-market purchases that finalized builder Megawide Construction Corp.’s exit from the solar producer. CREC disclosed to the...
The Government Service Insurance System (GSIS) expanded its Balik Ginhawa loan moratorium program to allow state workers and pensioners to claim cash refunds equivalent to up to six months of amortizations. Under the enhanced program, also known as Balik Ginhawa 2, qualified borrowers can recover...
With the Philippines facing increasingly complex security challenges and recurring natural disasters, Senator Robin Padilla is pushing for a modernized military registration system that he says will help ensure the country is prepared before the next crisis strikes. Padilla has filed Senate Bill...
