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Letters to the Editor

Not net income

-
May 11, 2009 | 12:00am

MANILA, Philippines - This is in connection with the news article published in the Philippine STAR last May 7 titled “GSIS bares P46.42-billion net income in 2008.”

We wish to clarify that the amount P46.42 billion, as stated in the headline, is not the net income of the GSIS in 2008 but last year’s unaudited investment income, or the income which the pension fund derived from its loans and investments.

We hope to have enlightened you on this matter.

Thank you very much. — ELLA E. VALENCERINA, vice president, Public Relations and Communications Office     

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PUBLIC RELATIONS AND COMMUNICATIONS OFFICE
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