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October 03, 2023

GSIS provides initial payout to PhilPost for fire insurance

The Government Service Insurance System (GSIS) has delivered an initial insurance payout of P100 million to the Philippine Postal Corp. (PhilPost) in response to the May 22 fire that devastated the historic Manila Central Post Office (MCPO) building.

GSIS President Jose Arnulfo “Wick” Veloso handed over the payment to PhilPost’s acting CEO, Luis D. Carlos, emphasizing the importance of government agencies insuring their assets for quicker recovery from unforeseen disasters.

The GSIS, which insured the MCPO building and its contents for a total of P604 million, is set to finalize the payment once the adjuster’s report is reviewed and approved.

The MCPO building is recognized as an Important Cultural Property and will benefit from this support to facilitate its rehabilitation and reconstruction.


PNB recognized during SSS’s 66th anniversary celebration

The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.

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