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The Economy, Industry and Development Issues Current news and events with regards to the economy, industry and urban development issues

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Old September 27th, 2014, 04:26 PM   #501
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Additional investment...


SSS introduces new retirement savings scheme




September 26, 2014 8:20 pm
by RITCHIE A. HORARIO



The voluntary provident fund program, dubbed the SSS Personal Equity and Savings Option (SSS PESO) Fund, is an alternative and tax-free investment that would help members accumulate adequate income upon retirement and earn a reasonable rate of return, said Emilio S. de Quiros, Jr., SSS president and chief executive officer.


Quote:
Savings in the SSS PESO Fund are invested in sovereign guaranteed investments, where 65 percent of the total fund is allocated for retirement, and 35 percent for medical and general purposes.



“The portion for retirement is guaranteed to earn income based on interest rates of five-year Treasury yields, while earnings of the fund allotted for medical and general purposes will be based on 364-day Treasury bill rates,” De Quiros said.
http://www.manilatimes.net/sss-intro...scheme/129734/
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Old October 7th, 2014, 01:48 AM   #502
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NHA receives P3.8b




By Jennifer Ambanta
Oct. 05, 2014 at 11:20pm



Quote:
The Budget Department has approved the release of P3.78 billion to the National Housing Authority for the relocation and resettlement of informal settler families living in danger zones in Metro Manila.


The government allotted funds from the 2014 General Appropriations Act to assist informal settlers residing in hazardous areas, especially near waterways such as creeks, rivers and esteros.

http://manilastandardtoday.com/2014/...eceives-p3-8b/

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Old November 1st, 2014, 05:30 PM   #503
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Kabobohan. Why don't you sell your brain since obviously it has no use.

Even Art for Sale as Philippine Pension Hunts for Yield





Robert Vergara, keen to shore up returns at the Philippines’ biggest state pension fund as bond yields slump, is considering selling paintings hanging at the national museum.

Government Service Insurance System may put around 100 works by Philippine artists including Juan Luna and Fernando Amorsolo up for sale over the coming 10 years as local consumers become more wealthy, GSIS President Vergara said in an Oct. 21 interview in Manila. The $20 billion fund targets returns of at least 8.5 percent to meet obligations to the 1.4 million workers whose savings it manages and has generated between 9 and 12 percent over the last three years, he said.

“We do believe that art is best left to collectors as opposed to a pension fund,” he said. “The collection is not something that generates a return on its own.”
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Old November 12th, 2014, 01:19 AM   #504
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Like this!!!



ELDERLY CARE. A new new guarantees health care for all senior citizens of the country. File photo by Roy Lagarde



Aquino signs law giving health insurance to all seniors


The new law removes the qualification that a senior citizen has to be an indigent before being covered by PhilHealth


Jee Y. Geronimo
Published 5:20 PM, Nov 11, 2014
Updated 6:02 PM, Nov 11, 2014



Quote:
MANILA, Philippines – Under a new law, over 6 million senior citizens in the country can avail of health benefits enjoyed by Philippine Health Insurance Corporation (PhilHealth) members just by presenting their valid identification cards to hospitals, the main author of the measure said on Tuesday, November 11.


President Benigno Aquino III signed Republic Act (RA) 10645 on November 5, amending RA 9994 of the Expanded Senior Citizens' Act of 2010 by removing the qualification that a senior citizen has to be an indigent before being covered by the Philippine Health Insurance Corporation (PhilHealth).
http://www.rappler.com/nation/74724-...edium=referral

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Old November 19th, 2014, 11:09 AM   #505
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Editorial
Hellhole in Manila
Philippine Daily Inquirer 2:32 AM | Wednesday, November 19th, 2014

Horror stories keep piling up about the Manila shelter for street kids that’s been described as run like a “concentration camp.” That’s a loaded, incendiary phrase that should not be bandied about lightly, conjuring as it does the particular horror of the Holocaust in World War II. But perhaps welfare observers who’ve been to the Manila Reception and Action Center (RAC) could be forgiven for employing the word to describe the appalling conditions they found at the center. The picture they enclosed in the third letter they sent to the Manila City Hall powerfully buttresses their charge.

The photo is of a naked boy named “Frederico” lying on a cold concrete floor, and it is a truly heart-rending image—a shockingly emaciated frame, ribs and bones protruding, skin covered in rashes. Catherine Scerri, deputy director of Bahay Tuluyan, a nongovernment organization advocating children’s rights, said she took the photo on Oct. 12 during a visit to the center. The boy, said to have been found abandoned in Paco and brought to the shelter on March 8, also had a black eye. Staff members of the center apparently made no effort to find out who the boy was; his real name, age and address remained unknown right up to his transfer to another youth center seven months later. As to why he was left in such a miserable state, the staff said the center lacked funds for medical treatment.
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Old November 25th, 2014, 01:03 PM   #506
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Languishing retirement fund law gets BSP boost




Paolo G. Montecillo
@paolomontecillo
Philippine Daily Inquirer
1:25 AM | Monday, November 24th, 2014



Quote:
The implementation of a six-year-old law that would make it easier for ordinary citizens to put up retirement funds came one step closer last week, as regulators approved yet another set of rules for investment managers.


The Bangko Sentral ng Pilipinas (BSP) at the weekend announced the approval of guidelines for the accreditation of Personal Equity Retirement Act (Pera) market participants.


Read more: http://business.inquirer.net/182522/...#ixzz3K8krQzlW
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

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