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SSS officially launches online payment for contributions and loans via MYEG

In a significant step forward towards enhancing convenience and efficiency for its members, the Social Security System (SSS) has announced the official launch of its Online Payment for Contributions and Loans service, made possible through a strategic partnership with MYEG Philippines, Inc (MYEG PH). This collaboration marks a groundbreaking achievement…

Malaysia , Philippines , Palawan , Dapitan , Filipino , Rizaldy-capulong , Israelita-choa , Cebuana-lhuillier , Ann-salda , Ann-margaret-salda , Elmer-dequilla , Rolando-ledesma-macasaet

Corporate Roundup: April 22, 2024

Corporate Roundup: April 22, 2024
malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.

Philippines , Malaysia , Ligaya , Nueva-ecija , London , City-of , United-kingdom , Leyte , Tacloban , New-zealand , Israel , Bayanihan

SSS partners with MYEG for online payments

SSS partners with MYEG for online payments
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

Palawan , Dapitan , Philippines , Rolando-ledesma-macasaet , Elmer-dequilla , Voltaire-agas , Cebuana-lhuillier , Ann-margaret-salda , Guillermo-urbano-jr , Israelita-choa , Ann-salda , Rizaldy-capulong

SSS accelerates digital transformation with MYEG Partnership: Revolutionizing member services online

The Social Security System (SSS) and MYEG Philippines, Inc. (MYEG PH) have entered a groundbreaking partnership to enhance the payment experience for SSS members. The memorandum of agreement was officially signed by Mr. Rizaldy Capulong, Executive Vice President of SSS for Investment Sector, Mr. Guillermo Urbano Jr., Vice President of SSS for Treasury Division,…

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State banks tapped as SSS fund managers

State banks tapped as SSS fund managers
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Philippines , Philippine-islands , Philippines-general- , Rizaldy-capulong , Rolando-macasaet , Land-bank , Security-bank-corp , Banking-group , Investment-reserve-fund , Development-bank , Social-security-system , Trust-banking-group

SSS taps LBP, DBP to manage funds | The Manila Times

Rolando Ledesma Macasaet, SSS president and chief executive, announced that LBP-Trust Banking Group (LBP-TBG) and DBP-Trust Banking Group (DBP-TBG) will manage the P2-billion investible funds for pure fixed income starting October 2023.

Philippine-islands , Philippines-general- , Philippines , Manila , Rizaldy-capulong , Rolando-ledesma-macasaet , Pure-equity-fund , Fund-management-group-ernesto-francisco-jr , Pure-fixed-income-fund , Terms-of-service , Development-bank , Banking-group

SSS officially opens 2023 Bowling Tournament - Punto! Central Luzon

SSS officially opens 2023 Bowling Tournament - Punto! Central Luzon
punto.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punto.com.ph Daily Mail and Mail on Sunday newspapers.

Rizaldy-capulong , Rolando-ledesma-macasaet , Elvira-alcantara-resare , Rafael-paeng-nepomuceno , Ladies-division , Operations-group , Main-office , Gotesco-commonwealth-bowling-center , Social-security-system , Color-bowling-tournament , Ever-gotesco-commonwealth-bowling , World-bowling-champion

SSS eyes to condone 20% of P55-B delinquencies

MANILA -Around 20 percent of the PHP55 billion arrears by employers and employees in the private sector are projected to be covered under the latest round of Social Security System (SSS) condonation program. "Total amount of delinquencies is about PHP55 billion and at least 20 percent of that PHP55 billion are penalties to be condoned," SSS senior vice president Mario Sibucao said in a virtual briefing on Thursday. He, however, pointed out that the final amount to be condoned would depend on whether the more than 700,000 employers are qualified under the condonation program. Employers who are qualified to apply for the condonation program are those whose businesses are affected by the pandemic and calamity. Employees whose livelihood are affected by the crisis are also qualified to apply for the program. The latest condonation program aims to help both the employers and employees who are affected by the pandemic, SSS president and chief executive officer Aurora Ignacio said. She said the pandemic has burdened SSS members' ability to pay their contributions and loans. Amid this development, SSS EVP Rizaldy Capulong said SSS' fund life remains strong even as expenditures as of August have surpassed contributions collections. He said total contributions collected by the state-owned insurance agency for the private sector have reached PHP155.59 billion as of August. On the other hand, spending has reached PHP159.6 billion, of which PHP154 billion was accounted for by benefits extended to members while PHP4 billion is for expenses, he said. "However, because we have investment income of about PHP20 billion, that PHP4 billion difference has been provided for," he said. Capulong said SSS also has reserves that can be used if the contributions collections and investment income are not enough for its total expenses. "So far, if we add our contributions and our investment income, that is still higher than our expenditures. So, we have not used our reserves yet," he said. SSS officials expect the agency's investment income to reach PHP22.2 billion by September and this will come from earnings from government securities, salary loans, equities, corporate and bond loans, and properties. Citing a 2019 report on the agency's actuarial life, Capulong said SSS has a fund life of until 2054. "Hopefully the impact of the pandemic will not be too long," he added. The agency's benefits disbursement increased during the pandemic to address the needs of its members. (PNA) }

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SSS to resume foreign investments next year | Asia Asset Management

SSS to resume foreign investments next year | Asia Asset Management
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Rizaldy-capulong , Philippine-social-security-system ,