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The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance ...
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.
The shares of the Lopez and Gokongwei families were sold to the SSS and GSIS, which acquired 78% of PCI Bank shares that were bought by the Go-Led Equitable Banking Corporation. They merged in 1999 and were approved by the Bangko Sentral and other agencies that had created the third largest Philippine bank, with Equitable as the survivor of the ...
Notice the inverse relationship between level of wealth and share of nonfinancial assets: On average, about 70% of the assets of the least wealthy tend to be their homes and vehicles.
Starting with a fund of ₱500,000 from the government, SSS' total assets grew to ₱474.7 billion and served 34.2 million members in 2016. [5] In 2018, the Republic Act No. 11199 or the Social Security Act of 2018 was passed, providing mandatory inclusion of Filipinos working domestically and internationally. [16]
Google's logo. Google is a computer software and a web search engine company that acquired, on average, more than one company per week in 2010 and 2011. [1] The table below is an incomplete list of acquisitions, with each acquisition listed being for the respective company in its entirety, unless otherwise specified.
Here is a list of foods you could never find, foods under very strict regulations, and foods you may hope to never see. Reader beware: Some of the food items described may be the result of ...
Maclang served as the president and CEO until his retirement on November 15, 2018. Jose "Wick" Veloso became the president and CEO on November 16, 2018 [22] until July 5, 2022, when he stepped down on appointment as Government Service Insurance System (GSIS) president and general manager. His replacement, Florido P. Casuela, took office ...