Some senators on Monday, December 5 have expressed their reservations about the propsoed Maharlika Investment Fund (MIF) noting it is a “high-risk, high reward” endeavor. “Thus, there should be safeguards and limitations on investment into riskier endeavors,” Senator Sonny Angara, chairman...
The Department of Finance (DOF) expects the proposed sovereign wealth fund will be passed into law within the first semester next year despite oppositions seeking to block its creation. Finance Secretary Benjamin E. Diokno said on Monday, Dec. 5, said the proposed bill creating the Maharlika Wealth...
Pensioners of the Government Service Insurance System (GSIS) and Social Security System (SSS) will receive this week their Christmas cash gifts. These amounts are composed of the 13th month pay and their regular monthly pensions for pensioners of the SSS. Meanwhile, the state pension fund for...
P3PWD Party-list Rep. Rowena Guanzon warned against the creation of the controversial P275-billion Maharlika Wealth Fund (MWF) by the Marcos administration, likening it to the mythical Tallano gold said to be in possession of the Marcos family. P3PWD Party-list Rep. Rowena Guanzon (Photo from Rep....
Once again, Albay 2nd district Rep. Joey Salceda felt compelled to respond to a known personality's comment on the proposed P275-billion Maharlika Wealth Fund or MWF. (MANILA BULLETIN) The latest personality happens to be former Supreme Court (SC) Associate Justice Antonio Carpio, who reportedly...
The Government Service Insurance System (GSIS) and Social Security System (SSS) have set aside P33 billion in Christmas cash gifts for pensioners. The two state-owned pension funds announced on Thursday, Dec. 1, that their respective yearend bonuses to about 3.7 million old-age and disability...
The proposed Philippine sovereign wealth fund (SWF) gained the backing of several top-performing government financial institutions (GFIs) when the measure was tackled Tuesday, Nov. 29 by the House Committee on Banks and Financial Intermediaries. (Mari Gimenez/ Unsplash) The measure, House Bill (HB)...
A ranking congressman is pursuing a new retroactive retirement plan for the country’s foreign service officers in an effort to upgrade their pensions when they reach old age or suffer some other disability. 4Ps Party-list Rep. Marcelino Libanan (Facebook) House Minority Leader and 4Ps Party-list...
The Department of Finance (DOF) has vowed to resolve the complicated military and uniformed personnel (MUP) retirement and pension system that continues to take a heavy toll on the government’s yearly budget. Finance Secretary Benjamin E. Diokno said on Wednesday, Nov. 23, that the MUP pension...
State-owned Government Service Insurance System (GSIS) will adopt 25 public schools in partnership with the Department of Education (DepEd). Wick Veloso, GSIS president and general manager, said that as of the pension fund’s corporate social responsibility called “Adopt-A-School Program”...
State-run Government Service Insurance System (GSIS) vowed to automate its key processes and systems to improve customer service. Wick Veloso, GSIS president and general manager, said the pension fund will focus on digital transformation to provide the “ultimate customer experience" for its over...
State-run Government Service Insurance System (GSIS) will set up shop in Camarines Norte to provide convenience to its members and pensioners. Wick Veloso, GSIS president and general manager, said about 10,000 members and 3,000 pensioners in Camarines Norte will soon experience greater convenience...
