The combined premiums of the insurance industry registered a decline in the first six months of the year, data from the Insurance Commission (IC) revealed. Based on reports provided by 128 out of 136 licensed life and nonlife insurers, as well as mutual benefit associations (MBAs), the total...
AGRI Party-list Rep. Wilbert T. Lee (Facebook) AGRI Party-list Rep. Wilbert T. Lee was able to secure a commitment from the Insurance Commission (IC) for the revocation of a circular that would have imposed a whopping 400 percent increase in minimum...
Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
The Government Service Insurance System (GSIS) is leasing out two real estate properties in Ortigas Center, Pasig City for over P83 million per year. According to a notice on the GSIS website, these properties are located at the intersection of Doña Julia Vargas and Meralco Avenue, Brgy. Ugong,...
The Government Service Insurance System (GSIS) has sold its property in Sta. Mesa to the Social Housing Finance Corp. (SHFC) for the construction of an affordable high-rise condominium project. In a statement, GSIS President and General Manager Wick Veloso said that SHFC purchased the pension...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
State-run Government Service Insurance System (GSIS) has made it mandatory for all government agencies to join its program which offers increased credit limits, extended repayment periods, and simplified application requirements. This directive was issued through GSIS Memorandum Circular No. 048,...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
The Philippine Health Insurance Corporation (PhilHealth) reminded the public anew regarding its coverage for dengue and leptospirosis given its prevalence during the rainy season. MB file photo PhilHealth made the statement after the Department of Health (DOH) reported more than 80,000 cases...
From left: Anthony Louis Guanzon, Chief Marketing Officer; Eden R. Tesoro, SVP & Chief Underwriting Officer, Chairperson, PIRA; and John Andrew Guevarra, Head of Local Marketing & Corporate Communications. The price of premiums for non-life insurance products have been inching upwards...
Small-scale mining is a lucrative business but is, unfortunately, also a very risky occupation. In the Philippines, small-scale and pocket mining is practiced in more than 30 provinces, employs up to 500,000 miners, and supports the livelihood of another two million people across the nation. * The...
