The Government Service Insurance System (GSIS) underscored the importance of direct member feedback in shaping institutional reforms as it gathered hundreds of stakeholders for the 2025 GSIS NCR Stakeholders’ Dialogue at the VS Hotel and Convention Center in Quezon City. “We are here to listen so we can better understand how to make your transactions with GSIS easier and more convenient,” …
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The Philippine peso fell to a new record low of ₱59.17 to the dollar last week, weighed down by ongoing investigations into alleged corruption involving government officials, including senators and congressmen, as well as economic losses from recent typhoons. Experts said the peso is under pressure from strong demand for the US dollar and declining market confidence. The currency, which …
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The Securities and Exchange Commission (SEC) has approved Metro Pacific Tollways Corporation’s (MPTC) bond offer of up to ₱20 billion, clearing the way for the company’s fixed-rate bond sale. The SEC en banc granted approval during its Wednesday meeting, allowing MPTC to offer bonds with a base of ₱15 billion and an oversubscription option of up to ₱5 billion, according …
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The Energy Regulatory Commission (ERC) is set to review its policies on the ineligible recovery of associated generation costs under power supply agreements (PSAs) to ensure retail power rates comply with the Electric Power Industry Reform Act (EPIRA) of 2001. During an open meeting streamed on Facebook last week, ERC Chairperson and CEO Francis Saturnino Juan cited a growing number …
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Finance Secretary Ralph Recto on Thursday expressed gratitude to former Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr., praising his leadership for making the agency “stronger and more credible.” Recto’s statement came a day after the Presidential Communications Office announced the appointment of Finance Undersecretary Charlito Martin Mendoza as the new BIR chief. He credited Lumagui for ensuring a …
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More Filipinos are securing insurance coverage, with total premiums rising 13.2 percent year-on-year as of end-September, data from the Insurance Commission (IC) showed. The domestic insurance industry recorded total premiums of ₱372 billion by the end of the third quarter, up from ₱328.55 billion in the same period last year. This marks a notable jump from ₱242.84 billion at the …
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The Government Service Insurance System (GSIS) has launched a fully automated, paperless filing system for retirement and life insurance claims, allowing inactive members to submit and track applications through the GSIS Touch mobile app. Under GSIS Memorandum Circular No. 068, series of 2025, all government agencies must electronically transmit service records, retirement dates, and Leave Without Pay certifications of retiring …
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Challenging operating environment, online and other costs pull down Bloomberry’s income to P160 million. Enrique K. Razon Jr., Bloomberry Chairman and CEO, reported, “The business environment in the third quarter mirrored that of the first half of 2025. Our consolidated EBITDA declined due to ongoing softness in international high roller activity and increased expenses from the rollout of our online gaming services. However, the local market remained strong …
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The Ninoy Aquino International Airport (NAIA) earned its first-ever global customer-experience accreditation from Airports Council International (ACI) — the global association of airport authorities representing over 2,000 airports. NAIA achieved Level 1 Airport Customer Experience Accreditation for meeting international standards in managing and improving the passenger experience. ACI’s Airport Customer Experience Accreditation program is the only global framework that evaluates …
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The Bangko Sentral ng Pilipinas (BSP) emphasized the importance of reliable data in crafting policies that benefit the Filipino people. “Data is the lens through which we understand our people’s needs, and the map that helps us reach a better future,” said BSP Monetary Board Member (MBM) Rosalia V. De Leon. De Leon stressed that data enables government to measure …
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The Market Monitor Minding the Nation's Business