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Retirement Benefit Remains the Most Availed SSS benefit reaching P156.7 B in 2023
The Social Security System (SSS) said it released P156.7 billion in retirement benefits to 2.2 million members in 2023 making it the most availed SSS benefit last year. SSS Vice President for Benefits Administration Division Joy A. Villacorta said that of the 4.7 million benefits disbursed to pensioners, members, and their beneficiaries in 2023, nearly […].....»»
SSS net income soars to all-time high of P83B in 2023
MANILA, Philippines —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»
SSS pushed P300 million into REITs in Q4
Government-run pension funds like SSS and GSIS have significant PSE portfolios, and it is possible to track changes in these portfolios over time using the Top 100 Shareholder disclosures released quarterly by each company......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
Landbank-DBP merger not pushing through – Recto
The planned legal merger of the Land Bank of the Philippines and the Development Bank of the Philippines is no longer pushing through as Finance Secretary Ralph Recto deviates yet again from his predecessor......»»
SSS taps Metrobank to manage P1.5 billion fund
Social Security System (SSS), the state-pension fund, has selected Metrobank Trust, the trust banking arm of the Ty-led Metropolitan Bank & Trust Co. (Metrobank) to manage a P1.5 billion balanced fund......»»
Roxas and Company finalizing plans to monetize vast landbank of farmland
Roxas and Company clarified a report by BIlyonaryo that it could use some of its massive agricultural landbank in a tie-up with Manny Pangilinan’s SP New Energy......»»
Landbank continues to waive transfer fees below P1,000
In an advisory, Landbank said it will continue to waive fees for fund transfers to other banks sent through InstaPay and PESONet as long as it is below P1,000......»»
FACT CHECK: Link for scholarship program posted by fake Landbank page
Both the Facebook page and the link for the supposed scholarship program are not affiliated with Landbank, according to a Facebook post on its official and verified page.....»»
Marcos approves release of P9.7 billion unprogrammed funds for DPWH projects
President Marcos has approved the release of P9.7 billion from the unprogrammed funds for public works and road repair whose original budget was slashed and included in the P60 billion in last-minute insertions in the 2024 national budget by some members of the House of Representatives......»»
SSS softens approach vs. delinquents
SSS softens approach vs. delinquents.....»»
Village officials to be enrolled with SSS
Village officials to be enrolled with SSS.....»»
Learn effective utilization of government funds
Inefficient utilization of funds has been a continuous problem in the public sector, causing delays or non-implementation of government programs, projects, and activities, among others. Such issues defeat the purpose of budgeted and allocated funds that should benefit the general public......»»
Government releases P3.4 billion calamity funds in Q1
The government released a total of P3.4 billion in calamity funds in the first quarter of the year as it financed various disaster relief operations......»»
DBM: P1.95 billion calamity funds released in February
Up to P1.95 billion in calamity funds was released last month to finance various disaster relief operations......»»
LGUs tapped for faster distribution of seniors’ cash aid
LGUs tapped for faster distribution of seniors’ cash aid.....»»
San Carlos gov’t employees taught how to manage stress
San Carlos gov’t employees taught how to manage stress.....»»
Isabel Oli balik-showbiz na; umabot na sa 185 ang talent ng Cornerstone
HALOS magkasing-level na pagdating sa pagma-manage ng artists ang talent management ng ABS-CBN na Star Magic at ang Cornerstone Entertainment. Kaya namin ito nasabi ay dahil umabot na pala sa 185 artists ang mina-manage ni Erickson Raymudo, Presidente at CEO ng Cornerstone katuwang sina Jeff Vadillo (Vice President), Mac Merla, Caress Caballero at Cynthia Roque.....»»
DBP seeks capital buildup of up to P300 billion
State-run Development Bank of the Philippines is hoping to raise its authorized capital stock to P300 billion as the bank seeks to amend its nearly three-decade-old charter......»»
DBP lends P2 billion for Palawan infrastructure projects
State-run Development Bank of the Philippines has extended a P2-billion loan financing to the local government of Palawan for vital public infrastructure projects including the upgrade of road network......»»