Stocks in traffic
By Conrado R. Banal IIIHoorah! Just a few days ago, the P640-billion pension fund of government employees, the GSIS, announced that it would put more money in the booming stock market.
Hoorah! Just a few days ago, the P640-billion pension fund of government employees, the GSIS, announced that it would put more money in the booming stock market.
The Government Service Insurance System’s net revenue eased by 2 percent year-on-year to P59.9 billion in 2012, mainly due to a surge in payout to members.
Anecdotal business frustrations aside (unless you’re a chronic bellyacher), there is no denying that 2012 is, to quote the Inquirer’s editorial last Wednesday, “a good year.”
THE WORKFORCE of the Philippine Postal Corp. (PHLPost), which is at least 11,000 strong, will again be in the Government Service Insurance System’s good graces as the postal firm settles unpaid premiums. This means that current PHLPost employees, as well as retirees, will again have access to GSIS benefits by the first quarter of [...]
MOST members of the Government Service Insurance System will collectively receive P930 million in cash dividends by Christmas Day.
PENSIONERS of the Government Insurance Service System will each receive up to P12,600 as the agency gives out a total of P1.8 billion in Christmas cash gifts.
The Government Service Insurance System’s net revenue in the seven months to July increased by 14 percent year-on-year to P46.4 billion, from P40.7 billion, as its equity investments rose due to the economy’s fair performance.
The Government Service Insurance System and three investor partners on Tuesday launched the largest-ever infrastructure fund set up for the Philippines at $625 million, or P25 billion.
Amid all the ruckus and noisy debate about how to handle the aircraft congestion at the Ninoy Aquino International Airport, the guys up north at Clark have been quietly working toward making the Philippines more accessible to foreigners.
Sure, some rabid pro-administration people are trying to paint a picture of a super-cozy relationship between Megaworld Corp. and impeached Chief Justice Renato Corona (whether you believe it or not depends on which side of the political fence you stand).
The Government Service Insurance System (GSIS) is in talks with multilateral institutions on a planned infrastructure fund of up to $750 million, which would serve as a vehicle for investing in infrastructure projects.
Some 14,000 members of the Government Service Insurance System who were affected by Tropical Storm “Sendong” need not pay off this year any of the loans that they took out from the pension fund.
