GSIS vows transparency, investment protection in proposed Maharlika fund

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The Government Service Insurance System gave assurance that there will be transparency in the proposed Maharlika Investment Fund and that investments that will be made through it would be protected. | DYGalvezINQ

“We would like to let the public know that this is an opportunity for us to be able to push the country to grow,” Veloso said in the OPS-released statement.

“Whatever investments we make here are going to accrue to the members of the Government Service Insurance System and we are there at the Maharlika Board to make sure the investments are protected while at the same time help in nation-building,” he added.He further assured the public that GSIS officials will make sure the MIF will be invested properly and that there are “various layers of transparency” to ensure that the money are “protected and invested properly.

Under House Bill No. 6398, the government would mainly utilize funds from government-owned and controlled corporations to create a pooled budget that the proposed Maharlika Investment Corp. will tap to make investments here and abroad.

House Bill No. 6398 is eyeing to put P275 billion seed money to the MIF which will be derived specifically from the GSIS , Social Security System , Land Bank of the Philippines , Development Bank of the Philippines and the General Appropriations Act .

 

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DYGalvezINQ You think we will take you on your word? The government is being led by a known plunderer and a violent bully who is on record against honesty and transparency. Your word means NOTHING.

DYGalvezINQ Sabwatan na mga Kawatan. Hahahahaha

DYGalvezINQ NO!!! YOU CANNOT TOUCH IT FOR ANY OTHER PURPOSE. BASAHIN MO ANG GSIS ACT. O BAKA NAMAN HUMAHANAP KA NG BUTAS.

DYGalvezINQ Remember, like all Government run businesses and agencies, the leader of the GSIS is picked by the sitting president. Do you trust them to hold your retirement money?

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DYGalvezINQ And we're supposed to just trust your words? Marcos ang nakaupo at galamay nila ni Arroyo ang proponents. 'protected'? Tss!

DYGalvezINQ Gawin niyong directors yung mga nasa opposition para walang 'yes sir'...

DYGalvezINQ I say corruption is rampant in the Philippines. Some even say that it's the most prevalent cottage industry in the Philippines. Not the correct time, to commence such a fund

DYGalvezINQ NO

DYGalvezINQ Hahaha. Ba yan ka Mema. Di niyo nga ma explain bakit di niyo maibigay ung ibang pension ng mga contributors niyo. Tapos naun assurance for transparency. Naku, wag niyo nmn ipahalata na lht ng asa gobyerno BOBO. Nakakatawa tlg kayo. 🫰❤️✌️

DYGalvezINQ I don’t trust this government, so I will not entrust my pension to you. Sabihin nyo yan sa matsing

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DYGalvezINQ Its not the transparency that is the problem, its them using the people's money without any permission.

DYGalvezINQ maawa naman po kayo sa mga ordinaryong pilipino na walang aasahan kapag nag retiro kundi yung makukuha sa gsis/sss. wag nyo na po galawin yang perang pinaghirapan nila. pakinggan nyo naman ang hinaing ng mga bumoto sa inyo

DYGalvezINQ Not even a year after being elected, this is what we have to deal with. 6 years is a ling time. Hwag kukurap!

DYGalvezINQ Not only transparent but translucent and almost non existence if the stock fall. Tapos sasabihin the Peso is not weak, but I am! 👆🤣👈

DYGalvezINQ Yung Transparency.. sa Paper nyo lang

DYGalvezINQ When was there ever transparency in the government, particularly under Duterte? Billions of public funds were stolen thru the DOH-PS-DBM-Pharmally Pharmaceutical plunder conspiracy. Blue Ribbon did its job but Rodrigo Duterte protected those involved, mostly Chinese. Treasonous!

DYGalvezINQ Protected? By what? And How? Fort Knox?

DYGalvezINQ Yun namumuno namn sa GSIS wala paki jan kase malaki nmn sweldo pati allowance.

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DYGalvezINQ The independent directors are chosen by presidential appointees, making the independent directors pass-through presidential appointees. There is nobody on the board, or advising the board, that isn’t directly or indirectly employed by the president.

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