Suspended Government Service Insurance System (GSIS) President and General Manager (PGM) Jose Arnulfo “Wick” Veloso has issued a formal statement, arguing that the preventive suspension ordered against him, along with six other executives, was merely based on bare allegations contained in an...
The Government Service Insurance System (GSIS) and the Social Security System (SSS) are ramping up efforts to provide swift financial relief to members and pensioners affected by recent calamities Both agencies have announced more accessible and streamlined loan programs. GSIS has opened emergency...
The Philippine peso continued its gains against the US dollar as the foreign exchange (forex) market celebrated the latest trade deal between the trade giant US and the Philippines, with investors optimistic that the worst of the tariffs may have passed. Data from the Bankers Association of the...
Senator Sherwin Gatchalian on Wednesday, July 23 called on the government to protect Government Service Insurance System (GSIS) members’ interests at all cost in light of authorities’ investigation into its stock investment decisions. Gatchalian is referring to the Department of Finance (DOF)...
In an effort to transform public service delivery, the Department of Education (DepEd) and Microsoft have raised the bar for digital governance with the launch of the Public Assistance Referral and Ticketing System (PARTS) in Region III. This pioneering initiative streamlines the handling of public...
The Government Service Insurance System (GSIS) has appointed Juliet M. Bautista as officer-in-charge after the Office of the Ombudsman ordered the suspension of President and General Manager Jose Arnulfo “Wick” Veloso and six other executives over the ₱1.45 billion purchase of preferred...
The Department of Public Works and Highways (DPWH) on Tuesday, July 22, raised concern over Metro Manila’s flood control capability, saying the region’s “very old” drainage system is no longer sufficient to handle the volume of rainwater during heavy downpours. DPWH Secretary Manuel Bonoan...
Century Properties Group Inc. (CPG) welcomed the state-run pension fund Social Security System (SSS) as its anchor investor after the fund acquired ₱500-million worth of shares from the Antonio family through a block sale. In a statement, the firm said the acquisition of a strategic stake from...
State-run Social Security System (SSS) has acquired a 6.37 percent stake in real estate firm Century Properties Group Inc. from the Antonio family for ₱500 million. In a disclosure to the Philippine Stock Exchange, CPG said its majority shareholder Century Properties Inc. has sold a total of...
The Philippine peso depreciated further to its weakest in nearly one month, after slipping back to the ₱57 level against the United States (US) dollar on Friday last week due the higher US inflation. The local currency dropped to the ₱57:$1 level on Wednesday, July 17, closing at ₱57.085 from...
The acquisition of over 90 percent of the Philippine Dealing System Holdings Corporation (PDSHC) has boosted the net income of the Philippine Stock Exchange by 25 percent, ₱495.7 million for the first six months of 2025 from ₱398 million in the same period last year. In a disclosure, the bourse...
The Department of Education (DepEd) on Saturday, July 12, issued a statement acknowledging the Office of the Ombudsman’s recent decision to file criminal charges against several of its former officials concerning the controversial purchase of allegedly overpriced and outdated laptops for public...
