Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
GSIS lends P413B
Manila Bulletin
|June 26 2025
The state-run Government Service Insurance System (GSIS) has disbursed a combined P413.4 billion, covering 1.9 million approved loan applications, under its Ginhawa Flex and Ginhawa Lite lending programs.
GSIS President and General Manager Wick Veloso reported during the pension fund’s stakeholders’ dialogue on Wednesday, June 25, that the Ginhawa Flex loan—the GSIS’s flagship multi-purpose loan program launched in September 2023—has reached P401.2 billion in releases.
This value translates into nearly 1.44 million approved loan applications of GSIS members as of Monday, June 23.
According to the GSIS, this loan allows members to borrow up to P5 million or 14 times their monthly salary, which can be repaid over 15 years, depending on their paid premiums.
Meanwhile, the Ginhawa Lite program has so far disbursed P12.2 billion to 409,000 members since its launch in October last year.
This story is from the June 26 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
5.7 M students to benefit from Free College Law next year
Around 5.7 million students in State Universities and Colleges (SUC) and Local Universities and Colleges (LUC) are expected to benefit from the Free College Law next year, Senator Paolo “Bam” Aquino IV said on Friday, Nov. 28.
1 mins
November 29, 2025
Manila Bulletin
What makes Northern Mindanao a memorable destination?
How community-based tourism leaves lasting memories
2 mins
November 29, 2025
Manila Bulletin
Manila joins CPTPP aspirants list
The formal process to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could begin next year for the Philippines after its membership bid was recognized by the bloc's top brass, the Department of Trade and Industry (DTI) said.
2 mins
November 29, 2025
Manila Bulletin
ICC rejects Duterte's release
The International Criminal Court (ICC) Appeals Chamber has unanimously confirmed the decision rejecting the request for former president Rodrigo Duterte's interim release, ruling once again that his detention remains necessary.
1 mins
November 29, 2025
Manila Bulletin
Diesel price may be rolled back by ₱3.20
Motorists are set for a steep drop in fuel prices, a respite after months of price volatility.
1 min
November 29, 2025
Manila Bulletin
Tariff headwinds fail to halt record exports
Despite lingering United States (US) tariff headwinds, the Philippines’ goods exports during the first 10 months of 2025 reached a new record high, while imports recorded the second-highest level on record, the Philippine Statistics Authority (PSA) reported.
2 mins
November 29, 2025
Manila Bulletin
Marcos goes after Zaldy Co's air assets; Alcantara returns ₱110 M
President Marcos has ordered transport and aviation authorities to coordinate with their counterparts in Malaysia and Singapore to track down helicopters and aircraft allegedly linked to former congressman Zaldy Co, saying the government will not allow stolen public assets to be used to evade the law.
4 mins
November 29, 2025
Manila Bulletin
Nuclear not threat to JERA's PH LNG
Transition energy giant JERA Co. Inc. sees the growing openness of multilateral development banks (MDBs) to finance nuclear power as complementary—not a threat—to its liquefied natural gas (LNG) business, as both technologies can play distinct roles in helping developing countries like the Philippines manage the “energy trilemma” of security, affordability, and sustainability, according to a top official.
2 mins
November 29, 2025
Manila Bulletin
Mickey Mouse and friends take over Singapore
Changi Airport and Jewel unveil Disney's year-end activities
1 mins
November 29, 2025
Manila Bulletin
PBBM, Isko, open new health, housing facilities in Manila
President Ferdinand R. Marcos Jr. and Manila Mayor Francisco “Isko Moreno” Domagoso unveiled a series of major health and housing facilities in the city on Thursday, Nov. 27, highlighting Manila's rapid expansion of public services through new laboratories, clinics, hospitals, and in-city housing projects.
1 mins
November 29, 2025
Listen
Translate
Change font size