31 July 2017: *** A suspected big-time drug personality who was ranked 6th among high-value targets of Central Visayas police and allegedly also operated in Mindanao was gunned down during an anti-narcotics operation in Sierra Bullones on Saturday evening. ***In the first seven months this year, the Bohol Police Provincial Office (BPPO) already recorded 984 traffic-related incidents where human error comprise 84.86%. ***Bohol crime volume continues to drop in three months from 748 in May to 395 by July 20. In June, the crime volume decreased to 700 or a 6.42% drop. The rate of decrease further improved to 43.57% as of July 20. ***34 ASEAN countires comprising the Asean Cooperation Dialogue (ACD) will confer on energy during Bohol's biggest international event hosting on August 7-10 at the Be Grand Resort in Panglao, which is timely as the province works hard on permanent solution to unreliable power.

Search This Blog

Wednesday, January 07, 2015


State pension fund Government Service Insurance System (GSIS) reported that for the first 11 months of the year, total assets increased 16% hitting Php909 billion, and comprehensive income at Php130.7 billion over the same period, more than double the previous year’s Php60.4 billion.

This represents “a record-breaking performance in the pension fund’s 77-year history,” President and General Manager Robert Vergara said.

Total revenues to November 2014 were Php141.5 billion up 13.2% over the Php125 billion posted a year ago. While revenues from social insurance contributions were nearly flat year on year, gains from financial assets rose 50% to Php42 billion due to the robust performance of local capital markets.

A further Php20.4 billion was generated from loans, and the remaining balance from general insurance and investment properties.

In September, the pension fund made history with the sale of two properties in Fort Bonifacio at a gain of more than Php1 billion and setting a benchmark of Php500,000 per square meter in the area.

Total expenditures for social insurance benefits paid out to its 1.8 million members and pensioners amounted to Php73.6 billion which, together with, administrative and other expenses, resulted in net income of Php62 billion.

Including unrealized gains in its bond and equity portfolio, GSIS posted record comprehensive income of Php130.7 billion.

As of December, the pension fund’s assets are 64% invested in financial assets, 29% in loans to GSIS members, 3% in real properties, and the rest in cash.

As ever, “the challenge is to generate sufficient investment returns to secure sustainability and enhance benefits,” Vergara said.

“GSIS is up to the task given its robust investment policy that enables it to invest in diverse asset classes to generate adequate returns for its members and pensioners,” he added. (GSIS/PIA)

No comments:

Contact Us

Philippine Information Agency
Bohol Information Center
LMP Building, K of C Drive, Poblacion II, Tagbilaran City
Telephone Numbers (038) 412-2292, 501-8554

Visitors