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The Government Service Insurance System (GSIS) [link] has increased its stake in the Gokongwei-owned RL Commercial REIT [RCR 5.02, up 1.4%; 23% avgVol] to 8.18% through the purchase of over 790 million shares of RCR over the past 60 days. GSIS now owns 877.43 million RCR shares worth approximately P4.4 billion at RCR’s closing price of P5.02/share.
MANILA, Philippines — Former ombudsman Ma. Merceditas Gutierrez lashed back at the management of the Government Service Insurance System (GSIS) after the state-run pension fund manager questioned her eligibility as a member of the board of trustees.
BAGUIO CITY— Farmers in La Union are shifting to drought-resistant crops to parry off the dire effects of the El Niño phenomenon in the agriculture sector.
MANILA, Philippines — Results of an inquiry conducted by the Government Service Insurance System (GSIS) showed that former ombudsman Ma. Merceditas Gutierrez is not qualified to be a member of its board of trustees for not being a member of the state-run insurer at the time of her appointment in April 2023.
MANILA, Philippines — Sun Life of Canada (Philippines), Inc. continues to reign as the no. 1 life insurance company for 13 consecutive years after garnering P55.79 billion in Total Premium Income.
MANILA, Philippines — To cover the crop insurance premium of subsistence farmers and fisherfolk in the country, the Department of Budget and Management (DBM) has released P4.5 billion and its corresponding Notice of Cash Allocation for the 1st Quarter of the year in the amount of P900 million to the Philippine Crop Insurance Corp. (PCIC).
Senate Bill No. 140: https://legacy.senate.gov.ph/lis/bill_res.aspx?congress=19&q=SBN-140
MANILA, Philippines — Singlife Philippines, a leading digital insurer, is pleased to announce that it has secured P600 million in funding from its parent and majority shareholder, Singapore Life Holdings Pte. Ltd. (Singlife or the Group). The capital injection is set to further support the company’s growth and innovation, particularly in the digital technology sphere.