PhilHealth Holiday: A Bold Protest for Unpaid Claims 2021 After the snail-like pace of reimbursement from the Philippine Health Insurance Corporation, private hospitals were urged to turn down coverage from the state insurer beginning January 1 to January 5, 2022, after claims remained unpaid during the COVID-19 pandemic. The call for a “PhilHealth holiday” was…
Your Ultimate Guide to REITs in 2022 What is a REIT? A REIT is a company that owns, manages, or finances income-producing real estate. When you invest in these companies, you’re buying shares in real estate assets like malls, office buildings, condominiums, or even renewable energy sites. In return, investors earn dividends, just like in…
REITs for energy to broaden investment opportunities 2022 The expansion of real estate investment trusts (REITs) to other industries, including the renewable energy sector, will broaden opportunities for income generation that the investing public can tap into. REITs offer a viable platform for investors to participate in the growth of the renewable energy sector without…
Citicore’s Bold Move: Clean Energy REIT Listing Set for February 2022 Renewable energy-themed real estate investment trust (REIT) pioneer Citicore Energy REIT Corp. (CREIT) expects to list by February, aiming to raise P10.1 billion to scale up the group’s agro-solar farm operations in order to become the country’s largest by next year. In a recent…
PhilHealth’s New COVID-19 Testing Rates Spark Reactions The Philippine Health Insurance Corporation has announced a new benefits package for COVID-19 testing, using plate-based and cartridge-based Reverse Transcription-Polymerase Chain Reaction (RT-PCR). The new package rates can be found in PhilHealth Circular No. 2021-0021, which was published and took effect on November 30. According to PhilHealth,…
MREIT Expands Portfolio with P9.1-Billion Acquisition of Four Office Towers from Parent Firm The MREIT [MREIT 18.32 0.11%] board approved the purchase of four office towers, with 55,700 sqm of gross leasable area (GLA), for P9.1 billion in cash from its parent company and sponsor, Megaworld [MEG 3.06 0.66%]. The new towers will bring…
SSS Introduces PRN Mandate for Faster and More Secure Loan Payments 2021 PRN Requirement for Loan Payments Starting July 1, 2021, covered members and employers are now required to use Payment Reference Numbers (PRN) for their Salary, Calamity, Emergency, and Restructured loan payment transactions. The PRN system ensures the immediate and accurate posting of loan…
Strengthening Customer Service Through Digital Transformation The impressive 92.03% resolution rate underscores the SSS’s commitment to efficient customer service, particularly during a time when alternative work arrangements were necessary due to pandemic-related restrictions. By leveraging digital platforms and streamlining internal processes, SSS was able to address queries, complaints, and requests in a timely manner, maintaining…
SSS Unveils ExpreSSS e-Learning Portal to Expand Digital Education for Members In November 2020, the Social Security System (SSS) introduced the ExpreSSS e-Learning Portal, an online learning platform designed to educate members, employers, and other stakeholders about the benefits and services of the pension fund. This initiative marks another significant milestone in SSS’s digital…
Dominguez sees REITs propelling property sector’s growth beyond pandemic Expanding Opportunities Through REITs Finance Secretary Carlos Dominguez III said Thursday that the growing roster of Real Estate Investment Trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic—and serve as a catalyst for the country’s quick and strong economic…