Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
The Government Service Insurance System (GSIS) has announced that it will begin distributing Christmas cash gifts to its old-age and disability pensioners on Dec. 6. In a statement, Wick Veloso, GSIS president and general manager said the pension fund has allocated a total of more than P3.47...
The Government Service Insurance System (GSIS) reported a surge in interest for its Multi-Purpose Loan Flex (MPL Flex) Program that offers public school teachers and other members the opportunity to access loans at a low interest rate. In a Facebook post on Friday, Nov. 10, the pension fund for...
President Marcos has named the former Chairman of Century Rural Bank Inc., Rodolfo Del Rosario Jr., the new Government Service Insurance System (GSIS) chairman. Rodolfo Del Rosario Jr. (Rodolfo Del Rosario - RDR Jr/Facebook) This was bared in a Facebook post by the Presidential Communications...
The pre-need industry’s net income surged to P11.21 billion in the first half of the year amid an increase in the number of memorial plans sold, the Insurance Commission (IC) said. According to IC data, this was a 9.45 percent increase collected from January to June last year. The commission said...
State-run Government Service Insurance System (GSIS) has invested in publicly listed Alternergy Holdings Corp., a renewable power pioneer known for its profitability and clean energy vision. In a statement on Tuesday, Nov. 7, the pension fund for government workers said a total of P1.45 billion was...
Senator Sherwin Gatchalian on Sunday, November 5 urged state regulators to strengthen mechanisms for consumer protection amid the continuing proliferation of online fraudulent activities especially with the onset of the Christmas season. Gatchalian, in particular, urged the...
Over P100 billion will be spent on the government’s national health insurance Program next year, the Department of Budget and Management (DBM) said Friday, Oct. 27. Budget Secretary Amenah F. Pangandaman said a total of P101.51 billion budget will be allocated to the Philippine Health Insurance...
Micro-insurance companies collected over P6.7 billion worth of premiums in the second quarter this year, surging by 22.7 percent from P5.5 billion in the same period last year. Latest data released by the Insurance Commission (IC) showed that the number of lives insured under micro-insurance...
Amid the numerous cyberattacks that government agencies suffered from in the past weeks, Sen. Alan Peter Cayetano floated the idea of providing reward money for catching perpetrators behind cyberattacks provided that there's a stiff penalty for it. Sen. Alan Peter Cayetano suggests that the...
State-run Government Service Insurance System (GSIS) has launched a new condonation and restructuring program with longer and affordable payment terms. In a statement, the pension fund for government workers said the Restructuring Program for Service Loans (RPSL) would benefit GSIS' former members,...
State-run Government Service Insurance System (GSIS) released a memorandum circular concerning revised check replacement policies. According to GSIS' memorandum circular -49-2023, the Policy and Procedural Guidelines (PPG) would cover all claims or refunds as well as miscellaneous checks. This also...
