^
+ Follow GOVERNMENT SERVICES AND INSURANCE SYSTEM Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1307275
                    [Title] => Insurers blast proposed hike in fees, charges
                    [Summary] => 

The country’s insurance industry is strongly opposing the proposed consolidation of fees and charges of the Insurance Commission (IC), which increases the present levels by as much as 200 percent, as well as introducing new ones.

[DatePublished] => 2014-04-01 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 492307 [Title] => Six to receive 'Garbo sa Sugbo' award [Summary] =>

At least six individuals coming from the business, government service, arts and culture and a scientist, were nominated for this year’s “Garbo sa Sugbo” (Pride of Cebu) that will be given as part of the province’s 440th founding anniversary celebration during the Governor’s Night on Wednesday.

[DatePublished] => 2009-08-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Cebu News [SectionUrl] => cebu-news [URL] => ) [2] => Array ( [ArticleID] => 377902 [Title] => Chinatrust Philippines, Visa offer debit cards for SSS retirees [Summary] => The Chinatrust Commercial (Philippines) Inc. will co-brand debit cards starting this month with the Social Security System (SSS) for the pension fund’s retired or retiring members.

There are an average 20,000 retiring SSS members every month while the government pension fund has over 24 million members.

"It will be offered as an option, aside from the regular system to placing the monthly retirement benefits to the savings or current accounts of its pensioners,"Anthony T. Robles, Chinatrust executive vice president for retail banking group, said.
[DatePublished] => 2007-01-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 368740 [Title] => 1st commercial microinsurance only worth P10 each [Summary] => The Philippine American Life and General Insurance Corp. (Philamlife) launched the country’s first-ever SMS-based, pre-paid and inexpensive microinsurance policy.

For a mere P10 per card or policy, Philamlife insures the policyholder for up to P10,000 renewable every 15 days.

Lizanne C. Uychauco, Philamlife chief marketing officer and senior vice president said that the microinsurance product, known as AKSItext, was ideal for accident-prone jobs such as drivers, construction workers, vendors, and commuters.
[DatePublished] => 2006-11-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [4] => Array ( [ArticleID] => 304509 [Title] => Finex pushes measures to develop capital markets [Summary] => The International Association of Financial Executives Institutes (IAFEI) and the Financial Executives Institute of the Philippines (Finex) is batting for the immediate passage of several pieces of legislation that would institutionalize the country’s capital markets.

"The development of the country’s capital markets will be hastened with the passage of five specific bills in Congress," Dr. Conchita L. Manabat, IAFEI chairperson and former Finex president said.
[DatePublished] => 2005-10-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 290641 [Title] => GFIs ready to negotiate with BdO, if bid price is better than the Go deal [Summary] => After the productive resolution of the impasse between the majority and the minority directors of the Equitable PCI Bank last week, the government financial institutions (GFIs) have made it clear that they are open to bidding negotiations, if the price is right.
[DatePublished] => 2005-08-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 252190 [Title] => Mutual fund’s AUM in first three months reach P47B [Summary] => The country’s mutual fund industry’s asset under management (AUMs) as of March 31 this year grew by P3 billion in the first quarter to P47 billion, or seven percent over the year-end figure of P43.99 billion.

Total accounts in the same period reached 55,448 individual and institutional investors.

The end March 2004 assets is well over 80 percent better than the AUMs managed in 2002 of P25.8 billion.
[DatePublished] => 2004-06-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 249061 [Title] => GMA backs liberalization of rural banking sector [Summary] => President Arroyo has endorsed Senate Bill (SB) 442, which seeks to liberalize the operations of rural banks to include their accreditation as collecting agents for govern-ment agencies like the Bureau of Internal Revenue (BIR), as well as increasing the prefer-red borrowers limit to P1 million.
[DatePublished] => 2004-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 236626 [Title] => Financial economists urge halt in state bail-out of troubled financial institutions [Summary] => Continued government absorption of losses, excessive safety nets and other interventions, which bailout financial institutions without operational or systematic reforms, serve to reward and foster inappropriate risk taking.

That was the position taken by Eric Manes, senior financial economist of the Asian Development Bank (ADB) during a recent forum held at the Asian Institute of Management (AIM).
[DatePublished] => 2004-01-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [9] => Array ( [ArticleID] => 136836 [Title] => P250B lost yearly due to faulty tax computations [Summary] => An estimated P250 billion a year never reach the national coffers due to the rate of errors in computations in the collections of the capital gains tax alone, according to an economic foundation.

The Department of Budget and Management (DBM) projected that the national government losses P400 billion to P1 trillion a year in collectable taxes. DBM Secretary Emilia Boncodin was quoted to have said that if government were able to collect just half of the conservative figure or P200 billion, "it would wipe out this year’s projected budget deficit of P450 billion."
[DatePublished] => 2001-10-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
GOVERNMENT SERVICES AND INSURANCE SYSTEM
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1307275
                    [Title] => Insurers blast proposed hike in fees, charges
                    [Summary] => 

The country’s insurance industry is strongly opposing the proposed consolidation of fees and charges of the Insurance Commission (IC), which increases the present levels by as much as 200 percent, as well as introducing new ones.

[DatePublished] => 2014-04-01 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 492307 [Title] => Six to receive 'Garbo sa Sugbo' award [Summary] =>

At least six individuals coming from the business, government service, arts and culture and a scientist, were nominated for this year’s “Garbo sa Sugbo” (Pride of Cebu) that will be given as part of the province’s 440th founding anniversary celebration during the Governor’s Night on Wednesday.

[DatePublished] => 2009-08-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Cebu News [SectionUrl] => cebu-news [URL] => ) [2] => Array ( [ArticleID] => 377902 [Title] => Chinatrust Philippines, Visa offer debit cards for SSS retirees [Summary] => The Chinatrust Commercial (Philippines) Inc. will co-brand debit cards starting this month with the Social Security System (SSS) for the pension fund’s retired or retiring members.

There are an average 20,000 retiring SSS members every month while the government pension fund has over 24 million members.

"It will be offered as an option, aside from the regular system to placing the monthly retirement benefits to the savings or current accounts of its pensioners,"Anthony T. Robles, Chinatrust executive vice president for retail banking group, said.
[DatePublished] => 2007-01-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 368740 [Title] => 1st commercial microinsurance only worth P10 each [Summary] => The Philippine American Life and General Insurance Corp. (Philamlife) launched the country’s first-ever SMS-based, pre-paid and inexpensive microinsurance policy.

For a mere P10 per card or policy, Philamlife insures the policyholder for up to P10,000 renewable every 15 days.

Lizanne C. Uychauco, Philamlife chief marketing officer and senior vice president said that the microinsurance product, known as AKSItext, was ideal for accident-prone jobs such as drivers, construction workers, vendors, and commuters.
[DatePublished] => 2006-11-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [4] => Array ( [ArticleID] => 304509 [Title] => Finex pushes measures to develop capital markets [Summary] => The International Association of Financial Executives Institutes (IAFEI) and the Financial Executives Institute of the Philippines (Finex) is batting for the immediate passage of several pieces of legislation that would institutionalize the country’s capital markets.

"The development of the country’s capital markets will be hastened with the passage of five specific bills in Congress," Dr. Conchita L. Manabat, IAFEI chairperson and former Finex president said.
[DatePublished] => 2005-10-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 290641 [Title] => GFIs ready to negotiate with BdO, if bid price is better than the Go deal [Summary] => After the productive resolution of the impasse between the majority and the minority directors of the Equitable PCI Bank last week, the government financial institutions (GFIs) have made it clear that they are open to bidding negotiations, if the price is right.
[DatePublished] => 2005-08-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 252190 [Title] => Mutual fund’s AUM in first three months reach P47B [Summary] => The country’s mutual fund industry’s asset under management (AUMs) as of March 31 this year grew by P3 billion in the first quarter to P47 billion, or seven percent over the year-end figure of P43.99 billion.

Total accounts in the same period reached 55,448 individual and institutional investors.

The end March 2004 assets is well over 80 percent better than the AUMs managed in 2002 of P25.8 billion.
[DatePublished] => 2004-06-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 249061 [Title] => GMA backs liberalization of rural banking sector [Summary] => President Arroyo has endorsed Senate Bill (SB) 442, which seeks to liberalize the operations of rural banks to include their accreditation as collecting agents for govern-ment agencies like the Bureau of Internal Revenue (BIR), as well as increasing the prefer-red borrowers limit to P1 million.
[DatePublished] => 2004-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 236626 [Title] => Financial economists urge halt in state bail-out of troubled financial institutions [Summary] => Continued government absorption of losses, excessive safety nets and other interventions, which bailout financial institutions without operational or systematic reforms, serve to reward and foster inappropriate risk taking.

That was the position taken by Eric Manes, senior financial economist of the Asian Development Bank (ADB) during a recent forum held at the Asian Institute of Management (AIM).
[DatePublished] => 2004-01-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [9] => Array ( [ArticleID] => 136836 [Title] => P250B lost yearly due to faulty tax computations [Summary] => An estimated P250 billion a year never reach the national coffers due to the rate of errors in computations in the collections of the capital gains tax alone, according to an economic foundation.

The Department of Budget and Management (DBM) projected that the national government losses P400 billion to P1 trillion a year in collectable taxes. DBM Secretary Emilia Boncodin was quoted to have said that if government were able to collect just half of the conservative figure or P200 billion, "it would wipe out this year’s projected budget deficit of P450 billion."
[DatePublished] => 2001-10-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
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