GSIS, MMDA Partner to Boost Traffic Management and Road Safety

by Info @Bulgarific | Dec. 21, 2024

GSIS President and General Manager Wick Veloso (center), MMDA Chairman Atty. Romando S. Artes (left), and MMDA General Manager Procopio Lipana (right) showcase the signed agreement that extends MMDA’s use of GSIS properties for urban traffic management and road safety initiatives. The partnership exemplifies the whole-of-government approach in optimizing resources and delivering direct public benefits.

The Government Service Insurance System (GSIS) and the Metropolitan Manila Development Authority (MMDA) signed an agreement on December 18 to extend MMDA’s use of GSIS properties for critical urban traffic solutions.

The term sheet, signed by GSIS President and General Manager Wick Veloso, MMDA Chairman Atty. Romando S. Artes, and MMDA General Manager Procopio Lipana as witness, highlights the two agencies'  collaboration to optimize government resources and deliver direct public benefits. Under the agreement, the Julia Vargas site will continue to serve as the home of the MMDA Motorcycle Riding Academy, promoting road safety through proper rider education. The site will also provide temporary facilities for MMDA personnel affected by ongoing office construction, ensuring seamless operations.

Meanwhile, the GSIS Tumana property in Marikina will be transformed into a strategic hub supporting MMDA’s traffic management efforts, including vehicle impounding and traffic enforcement activities.

“In 2015, what began as a simple property arrangement between GSIS and MMDA has now evolved into a powerful example of what government agencies can achieve when they work in true partnership,” Veloso said. “Today, we are not just signing agreements – we are building a blueprint for more responsive, efficient urban governance.”

Veloso emphasized that the partnership aligns with the administration’s whole-of-government approach, where agencies collaborate to maximize resources and deliver meaningful results. “Kapag nagkakapit-bisig ang mga ahensya, tayo ay mas malakas,” he added.

With major infrastructure projects like the Metro Manila Subway and Quezon City Integrated Transport Hub on the horizon, Veloso noted that this collaboration serves as a template for smarter, more efficient urban development.

The ceremonial signing, attended by GSIS executives, MMDA leadership, and employees, highlighted the importance of inter-agency partnerships in addressing Metro Manila’s growing urban challenges.

"This is about reimagining how government can work smarter and have a greater impact in serving the public interest," Veloso concluded.

GSIS allots P2.8 B emergency loan for 87K members, pensioners hit by calamities

by Info @Brand Zone | Oct. 19, 2024

The Government Service Insurance System (GSIS) earmarked over P2.8 billion in emergency loan to around 87,000 active members and pensioners in nine areas in Luzon and Visayas. The areas have been declared under a state of calamity due to bad weather and mosquito-borne diseases.

Active members as well as old-age and disability pensioners may now apply for the loan. For those working or residing in in Ilocos Norte, the deadline for application is on November 5, 2024; in Northern Samar, Dingle in Iloilo, and Hinigaran in Negros Occidental, on November 7, 2024; and in Vinzons in Camarines Norte on December 24, 2024. Application deadlines have been extended until 2025 in the provinces of Palawan and Mountain Province until January 6; Batanes, until January 7; and in Cagayan Province until January 16.

To qualify for the loan, active members residing or working in the calamity areas must not be on unpaid leave, have no pending administrative or legal cases, and have made at least six monthly premium payments before applying. Their net take-home pay should not be less than P5,000 as stipulated by the General Appropriations Act.

Old-age and disability pensioners residing in the calamity areas may avail of the loan provided their net monthly pension is at least 25%.

Members and pensioners with existing emergency loan balances may borrow up to P40,000 to enable them to settle their previous loans and receive a maximum net amount of P20,000. Those without existing loans may apply for P20,000. The loan features a low interest rate of 6% per annum and payment period of three years.

Qualified active members and pensioners are encouraged to apply via the GSIS Touch mobile app.

For more information about the emergency loan, members are encouraged to visit the GSIS website at www.gsis.gov.ph, follow the GSIS Facebook page (@gsis.ph), email gsiscares@gsis.gov.ph, or call the GSIS Contact Center at 8847-4747 (Metro Manila) or 1-800-8-847-4747 (Globe and TM subscribers) or 1-800-10-847-4747 (Smart, Sun, and TNT subscribers).

P37B net income ng GSIS sa Q1 ng 2024

ni Fely Ng @Bulgarific | Abril 29, 2024

Hello, Bulgarians! Iniulat ng Government Service Insurance System (GSIS) ang netong kita na Php37 bilyon para sa unang quarter ng 2024, mayroong 21% na pagtaas mula sa neto na kita nitong Php30.75 bilyon noong first quarter ng 2023.

Sinabi ni GSIS President and General Manager Wick Veloso, “Our commitment to support the nation’s growth story saw increases in GSIS investments in key sectors such as real estate, infrastructure, food, energy and mining. Further, the GSIS is boosting revenue streams as it focuses on building efficiencies in its various businesses.”

Ayon pa kay Veloso nais ng GSIS na maging isang katalista na sumusuporta sa mga pamumuhunan sa iba’t ibang sektor upang mapababa ang gastos ng enerhiya at payagan ang vertical integration para sa mga kumpanya ng pagmimina na magproseso ng mga raw material sa mga intermediate at finished products.

Sa pagtatapos ng Marso 2024, ang kabuuang asset ng GSIS ay tumaas sa Php1.74 trilyon, na may 10% na pagtaas o Php156 bilyon na mas mataas kumpara sa mga antas ng Marso 2023.

Ang pangakong palakasin at suportahan ang 2 milyong miyembro nito, pinahusay ng GSIS ang programa sa pagpapautang upang payagan ang mga miyembro na mas pamahalaan ang kanilang mga pananalapi at, para sa ilan, upang mapagaan ang kanilang pasanin sa utang. Noong Marso 2024, ang Multi-Purpose Loan Flex (MPL FLEX) program ay nag-disburse ng PHP136 bilyon mula noong Setyembre 2023, na na-avail ng 506,000 miyembro.

Dagdag pa, ang mga netong kita sa pagbebenta at mark-to-market valuation ng mga local equities at exchange-traded funds (ETFs) ay nagresulta sa mga kita na nagkakahalaga ng Php10 bilyon. Mas mataas ito ng 234% kumpara noong Marso 2023.

Ang GSIS interest income mula sa fixed income securities ay umabot sa Php9 bilyon para sa Q1 2024. Kabilang dito ang mga USD at PHP sovereign bond, short-dated Treasury Bills, at corporate bonds.

Ang maintenance at iba pang gastusin sa pagpapatakbo ay 41% mas mababa sa budget at ang administrative cost ratio ay 2.98%, mas mababa sa 12% limitasyon na pinapayagan ng GSIS Charter.

Sinabi ni Veloso na ang GSIS ay nasa track sa pagpapatupad ng strategy, na sumusuporta sa pangkalahatang paglago ng ekonomiya, na nagbibigay-diin sa mga pamumuhunan at programa nito tungo sa pabahay (housing), power (energy), pagkain (food), at pangangalaga sa kalusugan (healthcare).

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