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GSIS bent on disposing assets

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The government Service Insurance System (GSIS) will auction off three more real estate properties in April and considers selling more this year.

Posted: February 9th, 2014 in Headlines | Read More »

State agencies hounded for unpaid contributions

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GSIS president and general manager Robert Vergara. PHOTO FROM gsis.gov.ph

The Government Service Insurance System will go after 178 more state agencies for unpaid premium contributions estimated at over P1 billion.

Posted: February 6th, 2014 in Latest Business Stories | Read More »

Filinvest buys GSIS’ Ortigas property for P771M

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Property firm Filinvest Land Inc. of the Gotianum family bought an idle property of state-owned Government Service Insurance System for P771.5 million.   The property—the 2,411-square-meter Philcomcen building in Ortigas Center, Pasig City—was sold in line with the GSIS’ asset disposal program.   In a statement released Thursday, the GSIS announced that FLI won in [...]

Posted: January 10th, 2014 in Headlines | Read More »

GSIS opens P4.5B loan package for Yolanda victims

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wikipedia photo

The Government Service Insurance System (GSIS) has made available a P4.5-billion loan package for members residing in the regions devastated by “supertyphoon Yolanda” (international name Haiyan).

Posted: November 13th, 2013 in Latest Business Stories | Read More »

GSIS opposes Pasay reclamation project

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Manila Bay. INQUIRER PHOTO/BOY ABING

The state-owned Government Service Insurance System is opposing a vast land reclamation project planned by the Pasay City government along Manila Bay—now the subject of a tug-of-war between two of the country’s largest property firms.

Posted: October 28th, 2013 in Editor's Pick,Headlines | Read More »

GSIS to dispose of assets worth P30B

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GSIS president and general manager Robert Vergara. PHOTO FROM gsis.gov.ph

The Government Service Insurance System will push through with its asset disposal program, where it plans to sell several pieces of property worth an estimated P30 billion in an auction it hopes to hold before the end of the year.

Posted: October 20th, 2013 in Editor's Pick,Headlines | Read More »

GSIS policyholders ordered to encash memorial plans

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The Government Service Insurance System has asked its memorial plan holders to convert their policies into cash as it aims to engage less in its noncore functions.

Posted: September 27th, 2013 in Headlines | Read More »

GSIS extends emergency loans to ‘Maring’ victims

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wikipedia photo

State-run Government Service Insurance System (GSIS) has announced it would extend emergency loans to its members that were affected by floods brought by tropical storm ‘‘Maring’’ this week.

Posted: August 23rd, 2013 in Latest Business Stories | Read More »

State pension fund gives lenders a break

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State-run Government Service Insurance System (GSIS) has announced a restructuring program for delinquent members with housing loans, in line with efforts to clean up the fund’s balance sheet.

Posted: July 30th, 2013 in Headlines | Read More »

GSIS plans more infra investments

State pension fund Government Service Insurance System (GSIS) is eyeing increased investments in the infrastructure sector to improve returns as well as support the administration’s big-ticket projects.

Posted: July 15th, 2013 in Headlines | Read More »

GSIS takes up half of Resorts World P1.65-B share sale

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gsis logo

Leisure & Resorts World Corp. (LWRC) has raised P1.65 billion from the sale of preferred shares to selected investors, including the state-controlled pension fund Government Service Insurance System (GSIS) which accounted for half of the deal.

Posted: July 4th, 2013 in Latest Business Stories | Read More »

Stocks in traffic

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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.

Posted: March 21st, 2013 in Columnists,Inquirer Columns | Read More »

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