President Marcos has issued an executive order (EO) transferring the Philippine Crop Insurance Corp. (PCIC) from the Department of Finance (DOF) to the Department of Agriculture (DA) to make it more responsive to the needs of small farmers, fisherfolk, and other agricultural stakeholders. The EO,...
The Social Security System and Government Service Insurance System could buy the shares of Subic-Clark-Tarlac Expressway to benefit their pension funds, according to Finance Secretary Ralph G. Recto. Recto told reporters on Tuesday that the government has plans for the SCTEX including selling some...
The Government Service Insurance System (GSIS) has earmarked P1.7 billion in emergency loans to aid its members and pensioners who have been affected by rabies and El Niño in 13 different areas across the country. According to the pension fund for government workers, more than 77,000 affected...
Albay 2nd district Rep. Joey Salceda (MANILA BULLETIN) “Kung sino pa ang walang pera, siya pa ang malaki ang kailangang bayaran (It’s a pity that those who don’t have money are the ones who need to pay a lot).” House Committee on Ways and Means...
The Government Service Insurance System (GSIS) has rolled out a debt relief program to aid borrowers currently facing payment challenges in its housing loan program. In a statement on Wednesday, May 8, Wick Veloso, GSIS president and general manager, said that the program is designed to...
(GSIS) Members of the Makabayan bloc have filed two resolutions urging the House of Representatives to investigate, in aid of legislation, the Government Service Insurance System (GSIS) over its alleged inefficiencies and irregular investments. The group led by...
The insurance premiums of the state-run Government Service Insurance System (GSIS) jumped to 12 percent in the first quarter of 2024. The GSIS reported on Thursday, May 2, that their collected insurance premiums garnered P2.98 billion from January to March this year, which is higher than P2.65...
In light of the pertussis outbreak in Sta. Rosa City, Laguna, the Government Service Insurance System (GSIS) has set aside P178 million for emergency loans to assist members and pensioners directly affected by the situation. In a statement, the pension fund for government workers said the...
Over P13 billion worth of premiums were paid to microinsurance companies by the year-end 2023, increasing by 17.3 percent from P11 billion in 2002. The Insurance Commission said that the significant increase in premium collection could be attributed to the across-the-board increase in premium...
The Government Service Insurance System (GSIS) is encouraging pensioners to take advantage of the pension fund's online services, especially amid the extreme heat affecting the country. This announcement came after the weather bureau warned of unprecedented temperatures, reaching up to 46...
The Government Service Insurance System (GSIS) has allocated nearly P2.5 billion for emergency loans to support members and pensioners in Cavite and Occidental Mindoro. In a statement, the state-run pension fund said the emergency loan provision aims to assist members impacted by the pertussis...
The Insurance Commission (IC) has reinstated the two-tiered minimum insurance premium rates for catastrophe insurance products. Based on IC Circular Letter No. 2024-11, premium rates for earthquake risks now back at 0.10 percent, while for typhoons and floods, they are set again at 0.05 percent....
