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 Department of Public Works and Highways (DPWH) on Thursday, July 24, expressed openness to a review of how it utilized funds allocated for flood control projects, amid calls for transparency and accountability in the implementation of government infrastructure programs. DPWH Secretary Manuel...
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...
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)...
The Marcos administration raised ₱20 billion from long-term debt sales, but at higher interest rates, as investors anticipate an upcoming retail treasury bond offering that could impact market demand. During the sale of three-year treasury bonds (T-bonds) on Tuesday, July 22, the Bureau of the...
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...
With the Philippines being flagged as one of the developing countries that spent more than 10 percent of its income on debt repayments in 2023, the Department of Finance (DOF) argued that the fiscal strain stemming from mounting debt payments remains under control. “We’re managing it,” DOF...
The Navotas City government, in partnership with Valenzuela Medical Center, conducted a mass blood donation drive as part of the National Voluntary Blood Services Program on Thursday, July 17. The City Health Office led in promoting voluntary blood donation to help ensure a sufficient and safe...
The government-ordered revamp of Philippine Health Insurance Corp. (PhilHealth), which aims to address inefficiencies and operational challenges within the state health insurer, will last up to three years before services see substantial improvements. Last month, the Governance Commission for...
The country’s oldest business group is urging President Ferdinand Marcos Jr. to advance his administration’s entire agenda through a single bill, similar to the One Big Beautiful Bill recently signed into law by United States (US) President Donald Trump. The Chamber of Commerce of the...
The Navotas City government announced the suspension of afternoon classes in several public and private schools on Friday, July 11, due to high tide flooding in parts of the city. According to the local government, the Disaster Risk Reduction and Management Office (DRRMO) recommended the class...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
