State-run Government Service Insurance System (GSIS) announced a 21 percent increase in net income from operations to ₱135.7 billion in 2024, fueled by strong investment returns and robust operational performance. In a statement on Monday, Feb. 24, Wick Veloso, GSIS president and general manager,...
State-run Government Service Insurance System (GSIS) launched a loan buyout program today, allowing government workers to consolidate their debts at interest rates as low as six percent. In a statement on Monday, Feb. 3, Wick Veloso, GSIS president and general manager, said the new program aims to...
State-run Government Service Insurance System (GSIS) reported that it had generated P15.8 billion ($272 million) from the sale of its stake in AirTrunk, a leading data center operator in the Asia-Pacific region. Wick Veloso, GSIS president and general manager, said this divestment, facilitated...
The Government Service Insurance System (GSIS) has overhauled its loan penalty computation method, shifting to a simpler, more borrower-friendly system to provide financial relief to its members. In a statement, Wick Veloso, GSIS president and general manager, said the state pension fund aims to...
JTI Philippines has appointed Guilherme Silva as its new general manager, effective January 2025, to continue its growth trajectory in the domestic market. Silva, who previously served as the company's Marketing Director in 2011, brings a wealth of experience from various leadership roles within...
State-owned Government Service Insurance System (GSIS) reported record loan disbursements totaling P289 billion last year, providing financial support to over 1.2 million government employees. In a statement, Wick Veloso, GSIS president and general manager, said the strong loan releases were driven...
The Government Service Insurance System (GSIS) is set to release P3.7 billion in Christmas cash gifts to eligible pensioners starting Thursday, Dec. 5, two days earlier than the regular December pension schedule, to help them prepare for the holidays. Wick Veloso, GSIS president and general...
State-owned Government Service Insurance System (GSIS) has introduced a new housing program tailored for government employees featuring zero down payment. Wick Veloso, GSIS president and general manager, announced on Monday, July 15, that the launch of this new program, which enables borrowers to...
The Government Service Insurance System (GSIS) and the Philippine Government Employees Association (PGEA) have teamed up to boost awareness of the pension programs. This partnership was solidified through the recent signing of a Memorandum of Understanding (MOU) to establish the GSIS-PGEA Education...
The Government Service Insurance System (GSIS) has waived more than P1.6 billion in penalties and interest discounts to support housing borrowers facing financial difficulties. Wick Veloso, GSIS president and general manager, said the debt relief under the pension fund’s housing loan program...
The Government Service Insurance System (GSIS) has partnered with Sycip, Gorres and Velayo (SGV) and Ernst and Young (EY) to modernize its operations and improve sustainability. Wick Veloso, GSIS president and general manager said their collaboration aims to leverage technology and global best...
The Japan International Cooperation Agency (JICA) will support the Government Service Insurance System (GSIS) in expanding the pension fund’s insurance business. In a statement, GSIS announced signing a new technical agreement with JICA as part of the Japanese government's recently launched...
