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omething’s afoot at the Government Service Insurance System (GSIS), and we fear that the hard-earned money of hundreds of thousands of our public schools teachers and government workers are now at risk.When President Rodrigo Duterte assumed office in 2016, he promised a corrupt-free government.Not a few were top supporters and allies in his campaign for the Presidency.In fact, just last week, he announced the firing of all Commissioners of the Presidential Commission of the Urban Poor (PCUP) for excessive travelling.Pardon my cynical mind, but it doesn’t take a genius to figure that out.
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One of Pioneer’s senior executives is reportedly the wife of a top Malacanang official.
Last we heard, there was a failure of bidding because the market found the requirement overpriced.
We were told that just last November 29, despite unanswered queries about its flawed bidding data and rules, the GSIS proceeded to bid out its 2018 insurance treaty requirement.
The 2018 agency authorized budget cap is P450 million while analysts and the markets are saying that the requirement needed is only P350 million.