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A Game Changer - The Role Of Cryptocurrencies In Remittances
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GSIS to honor top 65 gov t agencies for paying on time | Philippine News Agency
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(File photo) MANILA - As President Ferdinand "Bongbong" Marcos Jr. turned 65 years old, the Government Service Insurance System (GSIS) on Tuesday announced the top 65 government agencies that it will honor for "religiously and accurately paying GSIS premiums and loan payments on time." GSIS president and general manager Wick Veloso said the 65 government agencies, including the Bangko Sentral ng Pilipinas, are helping government employees enjoy the hard-earned benefits that they deserve for devoting the best years of their lives to serving the government. "We all know that loan balances, if left unpaid, would balloon to unmanageable amounts. This will diminish members' benefits and leave them with little or no proceeds at all when they retire or separate from the service," Veloso said in a statement. These government agencies, he noted, are utilizing GSIS' various programs for their employees. "Pinararangalan din natin ang animnapu't liman
CALOOCAN CITY, Feb. 15 (PIA) Deposits breached the P2-trillion mark, which allowed state-run Land Bank of the Philippines (LandBank) to record a 16.1 percent increase in total assets of P2.362 trillion in 2020 from its 2019 level of P2.033 trillion.
The Bank said deposits expanded to P2.093 trillion, 17.4 percent higher from P1.783 trillion in 2019. This also fueled a significant 41.4 percent growth in investments from P694.9 billion to P982.5 billion.
“LandBank posted marked growth in assets and deposits in 2020 a record achievement given the widespread economic impact of the health crisis. We will build on these gains and continue along this path to better serve our priority sectors, especially small farmers and fishers, micro, small and medium enterprises and other key development players,” said LandBank President and CEO Cecilia C. Borromeo.