GSIS assets grow 18% to P572B

MANILA, Philippines — The Government Service Insurance System has reported an 18-percent jump in its assets in 2009 from a year ago, claiming to have accomplished this financial performance mainly through reforms in the collection of premiums from members. In a report released to the media, the GSIS said its assets as of end-2009 amounted to P572 billion, up from only P484 billion at the end of the…

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GSIS assets grow 18% to P572B