GSIS income jumps fourfold YOY, in first quarter of 2019

State-run Government Service Insurance System (GSIS) recorded a quadruple increase in net income for the first quarter, year-on-year. The first quarter net income increased by Php29.65 billion, from Php9.05 billion last year to Ph38.7 billion this year.

The increase in GSIS’s net income was driven by the rise in stock market values, the increase in interest income, and the increase in premium contributions.

“We are happy to share this good news with our members and pensioners. Our 82nd anniversary celebration in May was made more meaningful knowing that we have fulfilled our commitment to become good stewards of the fund,” GSIS President and General Manager (PGM) Jesus Clint Aranas said.

The increase in net income is due to the rise in the market valuation of financial assets.

Contributing to this increase is GSIS’ public equities portfolio which accounts for about 20% of total assets since the PSE index increased by 6% to 7,920.93 compared to last year’s ending level.

The remaining increase in net income is brought about by the increase in interest income due to GSIS’ new loan programs (such as the GSIS Financial Assistance Loan (GFAL) for personnel of the Department of Education and the GSIS Enhanced Consolidated Salary Loan Plus for members), and the increase in premium contributions due to the increase in active membership from 1.7 million last year to 1.8 million this year. As a result, revenue from premium contributions has grown by 7% for the first quarter, year-on-year.

The total assets ending first quarter 2019 has reached Php1.2 trillion, which is 6% or Php74 billion higher than the end of first quarter 2018.

“We hope that we have set the tone for a productive year ahead. Our members’ and pensioners’ trust will be our inspiration to do better,” GSIS PGM Aranas said.

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DOST – Technology Media Conference on Marine Biodiversity

Technology Media Conference on Marine Biodiversity was held at the PICC, Pasay City last June 4, 2019. DOST Secretary Fortunato T. de la Peña, briefed DOST’s media partners about the S&T initiatives in marine biodiversity. Secretary de la Peña and PCAARRD Acting Executive Director Reynaldo V. Ebora, as well as the resource persons: Dr. Fernando P. Siringan of UP-MSI, Dr. Patrick C. Cabaitan of UP-MSI, Dr. Hildie Maria E. Nacorda of UPLB-SESAM, and Dr. Mari-Ann M. Acedera of MRRD-PCAARRD answered questions from the media during the open forum.

IFEX PHILIPPINES – NEXTFOOD ASIA 2019

DTI: Trade Promotions Group led by Undersecretary Abdulgani Macatoman together with Center for International Trade Expositions and MissionsExecutive Director Pauline Juan and Deputy Executive Director Malou Mediran; EMB’s Director Senen M. Perlada, and Assistant Director Anthony Rivera welcomes the Russian Delegation of VIB Buyers – Royal Fresh, Russian Fish Company and East Foods led by PTIC-Moscow’s CC Kristine Umali at the #IFEXPhilippines#NXTFoodAsia last 26-24 May 2019 at the World Trade Center Metro Manila.

WORLD METROLOGY DAY – 20 May 2019

The International System of Units

Fundamentally better

May 20 is World Metrology Day, commemorating the anniversary of the signing of the Metre Convention in 1875. This treaty provides the basis for a coherent measurement system worldwide that underpins scientific discovery and innovation, industrial manufacturing and international trade, as well as the improvement of the quality of life and the protection of the global environment.

The theme for World Metrology Day 2019 is The International System of Units – Fundamentally better. This theme was chosen because on 16 November 2018, the General Conference on Weights and Measures agreed perhaps one of the most significant revisions to the International System of Units (the SI) since its inception. Research into new measurement methods, including those using quantum phenomena, underpin the change. The SI is now based on a set of definitions each linked to the laws of physics and have the advantage of being able to embrace further improvements in measurement science and technology to meet the needs of future users for many years to come.

Across the world, national metrology institutes continually advance measurement science by developing and validating new measurement techniques at whatever level of sophistication is needed. The national metrology institutes participate in comparisons coordinated by the Bureau International des Poids et Mesures (BIPM) to ensure the reliability of measurement results worldwide. The BIPM also provides a forum for its Member States to address new measurement challenges. The International Organization of Legal Metrology (OIML) develops International Recommendations, the aim of which is to align and harmonize requirements worldwide in many fields.

World Metrology Day recognizes and celebrates the contribution of all the people that work in intergovernmental and national organizations throughout the year on behalf of all.

MOMMY MUNDO EXPO 2019 @ GLORIETTA ACTIVITY CENTER MAKATI CITY

Being a mom is one of the most fulfilling roles that a woman can play, but it can also be one of the most challenging.

For starters, a mom has to wear different hats just to get through a single day. She is a household manager and a nurse, a chef and a driver, a finance officer and a doctor, a gardener and an entreprenuer.

Above all, she is a mother, nurturing, caring, loving, and giving her 100 percent to her family. These different roles definitely pose a challenge for moms.

As moms ourselves, we know exactly what you’re going through each and every day, and through the years, it has been our mission to provide information, support, and a community where we can all belong.  That’s why we have come-up with various avenues to make motherhood easier, happier, and much more fulfilling in safe and comfortable space where all moms are welcome. 

LPA to enter PAR by Saturday morning, may intensify into tropical depression

The low pressure area monitored outside the Philippine Area of Responsibility (PAR) could intensify into a tropical depression over the weekend and make landfall over the Caraga region by Sunday

According to weather bureau PAGASA, the LPA is expected to cross the border by early Saturday morning.  The LPA could turn into a tropical depression on Sunday as it heads toward Caraga.

After making landfall, the storm may continue to affect Mindanao and Central Visayas region until Monday. The weather system was already bringing rains to some parts of the country, particularly over Eastern Visayas.s

SSS PR

 

The Social Security System (SSS) regrets to inform its members of the delay in the release of checks for salary loan, death, disability, retirement, sickness and maternity claims submitted starting May 22, 2018 onwards due to check printer malfunction.

The necessary repairs are already underway and the SSS aims to have the checks ready for delivery to PhilPost starting June 8. SSS is coordinating with PhilPost for special handling of these checks for faster delivery.

SSS is also notifying some 106,950 affected members and pensioners of the delay via text message thru the number they registered with SSS. For other inquiries, members may call phone numbers 920-6446 to 55 or email member_relations@sss.gov.ph.

This is the first time that SSS had a check printer malfunction.  The agency apologizes for the inconvenience.