Politics
GSIS Posts 28% Profit Surge in H1, Assets Surpass P2 Trillion
The Government Service Insurance System (GSIS) in the Philippines reported a 28% year-on-year increase in first-half net profit, reaching P94.75 billion. Total assets also surpassed P2 trillion, highlighting the state pension fund's growth for government workers. Support measures for the Middle East conflict were also implemented.
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- GSIS Posts 28% Profit Surge in First Half
The Government Service Insurance System (GSIS) in the Philippines reported a 27.8% year-on-year increase in net income for the first half, reaching P94.75 billion. Growth was driven by an expanded asset base and higher earnings.