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.

Nov 16 – International Day for Tolerance

“No more toleration of corruption!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
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against serious violations of
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Accept National Unity Government (NUG)
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November


Nov 2 – Intl Day to End Impunity for
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Nov 9 – World Science Day for Peace
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Nov 16 – International Day for Tolerance

Nov 19 – World Toilet Day

Nov 20 – World Children’s Day

Nov 25 – Intl Day for the Elimination of
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Monthly Observances:


Homes Safety Month

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