The Government Service Insurance System (GSIS) posted a 170 percent surge in first-quarter net income, driven by rebound in investment gains and steady premium growth, positioning the state pension fund to meet its ambitious full-year targets. In a statement, Wick Veloso, GSIS president and general...
The Commission on Audit (COA) has denied a P1.5-billion money claim filed by a group of insurance firms against the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund over allegedly unremitted fire insurance premiums tied to housing loans. In a 17-page decision dated March 17, 2026, the COA ruled...
The Insurance Commission (IC) has ordered a set of relief measures for consumers, including a three-month grace period for premium payments and loan repayments, as the country grapples with an energy emergency triggered by geopolitical tensions. Under Circular Letter No. 2026-11, issued May 13,...
The husband of Vice President Sara Duterte, lawyer Manases R. Carpio, has added the heads of the Securities and Exchange Commission (SEC) and the Insurance Commission (IC) as respondents in a criminal complaint over the alleged illegal disclosure of bank records. In an addendum filed before the...
Over 108,000 members and pensioners affected by recent calamities may avail themselves of ₱2.64 billion worth of emergency loans from state-run pension fund Government Service Insurance System (GSIS). In a statement on Friday night, May 8, GSIS said the emergency loan program aims to provide...
As Filipinos face a growing risk of multiple critical illness diagnoses, AIA Philippines has launched an insurance plan with a minimum coverage of ₱500,000, allowing policyholders to claim up to three times for major illnesses. Dubbed AIA Critical Protect Plus, the plan features a multi-pay...
State-run pension fund Government Service Insurance System (GSIS) has launched a new loan facility to help members reduce daily transportation costs by financing bicycles and electric mobility devices. In a statement on Monday, May 4, GSIS said it rolled out the Ginhawa Bike and E-Mobility Loan...
CAPAS, Tarlac -- Foreign riders continued their rampage as South Korea’s Seoul Cycling Team stamped its class in team play after topping the Stage 2 Team Time Trial of the MPTC Tour of Luzon 2026 on Thursday, April 30, that started at the Clark Development Corporation in Pampanga and ended in...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
CALATAGAN, Batangas -- Korean Joo Dae Yeong returns to defend his individual title when the MPTC Tour of Luzon 2026 hits the road on Wednesday, April 29, here. The top rider from the Gapyeong Cycling Team banners the 89 cyclists from 13 local and foreign teams embarking on a thrilling 14-stage...
Amid the protracted energy crisis, public demand for solar financing applications surged to ₱5.7 billion, accounting for more than two-fifths of the total budget that the Government Service Insurance System (GSIS) has set aside for this financing segment. As of April 21, the state pension fund...
State-run Philippine Deposit Insurance Corp.’s (PDIC) move to double the maximum insurance coverage to ₱1 million partly drove total insured deposits up by more than two-fifths to ₱5.2 trillion in 2025. This surge represents a ₱1.5-trillion increase from the ₱3.7-trillion level recorded...
