philippine news

Protect women — CHR

by Joel dela Torre
from People’s Journal

MARKING the United Nations Day for Women and International Peace today, the Commission on Human Rights called on government to improve protection and programs for the rights… Read the rest

Hike in GSIS, SSS pensions pushed

Michelle Remo
Philippine Daily Inquirer

The Government Service Insurance System (GSIS) and the Social Security System (SSS) have been urged to consider raising the monthly pension received by its retired members as one way to help stimulate household spending… Read the rest

Survey: OFWs don’t trust OWWA

Kristine L. Alave
Philippine Daily Inquirer

MANILA, Philippines—Overseas Filipino workers (OFWs) view the government Overseas Workers Welfare Administration (OWWA) with distrust and are largely uninformed about what the agency is supposed to do for them, a survey by a… Read the rest

GFIs to reinvest Meralco stake sale proceeds

Iris C. Gonzales
Philippine Star

Major government financial institutions (GFIs) intend to reinvest the proceeds from the planned sale of their stake in Manila Electric Co. (Meralco) in other stocks, particularly in the geothermal sector, and to… Read the rest

Labor favors 10% SSS share in P100-B crisis fund

Philippine Star

The Trade Union Congress of the Philippines (TUCP) favors the planned P10-billion contribution of the Social Security System (SSS) in the proposed P100-billion public-private crisis fund meant to help stimulate the national economy and keep the country from… Read the rest

Mutual fund values slump amid crisis

Daxim Lucas
Philippine Daily Inquirer

Philippine mutual funds have been pummeled by the global financial crisis, with those of Philam Asset Management Inc. and the Government Service Insurance System (GSIS) among the hardest hit, according to an industry report.… Read the rest

GMA signs into law housing loan restructuring bill

Paolo Romero
Philippine Star

Filipinos facing foreclosure can now save their homes through a rational loan restructure and condonation scheme after President Arroyo signed into law the Socialized and Low-Cost Housing Loan Restructuring and Condonation Act of 2008 yesterday.… Read the rest

Capable BSP

Ernesto F. Herrera
Manila Times

The Philippine economy is already seeing the effects of a global economic slowdown through a decrease in foreign investments flows.

The Bangko Sentral ng Pili–pinas (BSP) reported that net foreign direct investments from January… Read the rest

TUCP questions GSIS stakes in Indonesian banks

Philippine Star

The country’s largest labor group yesterday questioned the equity stakes of the Government Service Insurance System (GSIS) in at least three Indonesian banks, which should have been invested in the country.

The Trade Union Congress of the Philippines… Read the rest

Risky GSIS investments

Fel V. Maragay
Manila Standard

Isn’t it odd that former Senator Ernesto Herrera, secretary general of the Trade Union Congress of the Philippines, is so outspoken and persistent in compelling the Government Service Insurance System to make a full… Read the rest

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