SSS, GSIS urged to apply ‘Swiss challenge’ on deals

Published by rudy Date posted on February 28, 2012

To get the best prices, the Social Security System and Government Service Insurance System should submit to a Swiss challenge all unsolicited offers to purchase their marketable securities, the Trade Union Congress of the Philippines said in a press release.

“A Swiss challenge will allow the discovery of other potential investors who may be willing to acquire at higher prices the securities held by SSS or GSIS,” said TUCP president and former Sen. Ernesto Herrera said.

In a Swiss challenge, upon receiving an unsolicited bid, SSS and GSIS would publish the offer and openly invite third parties to match or exceed the original tender, the press release said.

August 12 –
International Youth Day

“Empowering youth,
building generations!”

 

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

Accept the National Unity Government (NUG) 
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

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

August –


Aug 1-7 World breastfeeding week

Aug 9 – International Day of the World’s Indigenous Peoples

Aug 12 – International youth day

Aug 19 – World humanitarian day

Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition

 

Monthly Observances:

Farms Safety Month 

Breastfeeding Awareness Month

 

Weekly Observances:

Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week


Daily Observances:

Aug 1: Family Planning Day 

Aug 9: National Indigenous Peoples Day 

Aug 12: International Humanitarian Law Day

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