Amid rising dengue cases in Eastern Visayas, the Government Service Insurance System (GSIS) has announced an emergency loan program worth P1.5 billion. The GSIS said in a statement on Friday, Sept. 20, that financial assistance is available to 34,739 members and pensioners residing in Samar,...
Being the lead agency overseeing regional power utilities, the National Electrification Administration (NEA) urged the country’s electric cooperatives (ECs) to procure insurance cover for their critical assets – especially the facilities that are vulnerable to damage or technical glitches when...
The Government Service Insurance System (GSIS) has confirmed a security incident that compromised the administrator account of one of its test computers. According to the state-owned pension fund, the breach was reported on Thursday, Sept. 12, at 5:20 PM. While the extent of the breach is...
To assess their preferences for availing of medical services, the Department of Education (DepEd) has started conducting an online survey among its employees. (DepEd / Manila Bulletin) In an advisory issued on Thursday, Sept. 12, DepEd announced that it is conducting an online survey to...
The Philippine Chamber of Commerce and Industry (PCCI) calls on the Philippine Health Insurance Corp. (PhilHealth) to increase the healthcare benefits and packages offered to its members. In a statement, PCCI President Enunina V. Mangio said that PhilHealth's mandate is to provide affordable and...
The Department of Budget and Management (DBM) condemned the Medical Action Group for spreading false and misleading information regarding the coverage of the Philippine Health Insurance Corp. (PhilHealth). In a statement, the budget department said the group is sowing fear and panic among Filipinos...
State-owned Government Service Insurance System (GSIS) announced that it would extend its emergency loan program to members and pensioners affected by Typhoon "Enteng." According to the state pension fund, the loan would provide financial relief for areas declared under the state of calamity. The...
The Department of Budget and Management (DBM) has revealed plans to broaden the scope of the national indemnity insurance program (NIIP) to cover more than just school buildings. Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 28, that the DBM wants to add other important...
The Yuchengco Group’s Malayan Insurance Co. Inc. has maintained its Financial Strength Rating of B++ (Good) from A. M. Best. The firm reported that it also retained the Long-Term Issuer Credit Rating of “bbb” (Good), and Philippines National Scale Rating (NSR) of aa+.PH (Superior) for 2023....
State-run Philippine Deposit Insurance Corp. (PDIC) is set to auction off some remaining assets from closed banks next month. In a statement, PDIC said the government’s deposit insurer plans to hold an electronic public bidding (e-bidding) on Sept. 25 and 26, 2024. The auction will consist...
State-run Government Service Insurance System (GSIS) said it plans to broaden its insurance program to cover additional government-owned properties aside from public schools. Wick Veloso, GSIS president and general manager, stated that they intend to expand the coverage of the National...
The Insurance Commission (IC) reported on Friday, Aug. 16, that healthcare benefits paid out by health maintenance organizations (HMOs) rose by 15.7 percent from January to June this year while their net income also increased. In a statement, the IC said HMOs paid P30.33 billion in benefits in the...
