LOCAL NEWS: TUCP welcomes GSIS’ disclosure on its global investments

Published by rudy Date posted on October 10, 2008

Workers and pensioners nationwide can now sleep better.

The country’s largest labor group said today that the investments of the Government Service Insurance System (GSIS) foreign investments were found to be generally safe.

“Based on our cursory review of the stated investments, we consider the pension fund’s overseas portfolio to be generally safe, balanced and sound. GSIS members and pensioners can now sleep better at night,” Trade Union Congress of the Philippines (TUCP) secretary-general and former senator Ernesto Herrera said.

Based on the GSIS’ disclosure, none of the banks listed are particularly at risk of collapsing.

“The GSIS may have suffered temporary losses on account of the sharp decline in the prices of these bank stocks due to the worsening global financial crisis, but these losses are temporary. Once the prices of these bank stocks recover, the portfolio should also recover,” Herrera stressed.–Mayen Jaymalin, Philippine Star

March 2025

It’s women’s month!

“Support women every day of the year!”

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!

Monthly Observances:
Women’s Role in History Month

Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week

Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour

Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories