October 18, 2017: *** The newly-restored Holy Trinity Parish Church of Loay is formally turned-over on Sunday October 15, 2017 from the National Historical Commission of the Philippines (NHCP) to the Diocese of Tagbilaran through Bishop Alberto Uy. ***For the very first time, Bohol landed among the 14 finalists in the search for thr Most Business-Friendly Province in the country. ***PDEA-Bohol Head Agent Nicholas Gomez admitted that the drug problem in Bohol persists despite the reduction of supply of shabu coming from Cebu. *** The administration of the Bohol District Jail is now planning to acquire an x-ray machine as part of its crackdown on the entry of contraband into the jail facility, said BDJ Warden Jail Chief Insp. Felipe Montejo. *** DILG-Bohol conducted People's Forum on Federalism on October 17, 2017 at JJ's Seafood Village with city/municipal information officers and CSO/Faith-Based Representatives as participants. ***Schools across the province are expected to conduct make-up classes in lieu of class suspensios due to the two-a nationwide raspot astrike, according toDepEdBohol SchoolVGovernace and Operations Division Chief Desiderio Delgero. ***The province is bent on making history by getting a UNESCO recognition as a global geological park, the first for Philippines. ***The symbolic unveiling of the Geomarker at the Chocolate Hills Complex on Sunday will boost Bohol's application for UNESCO declaration of the entire province as a global geological park.

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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)

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