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Macasaet named OIC of GSIS

Date Posted: July 04, 2019

At its meeting today, the governing board of state pension fund Government Service Insurance System (GSIS), named Chairman Rolando L. Macasaet as its officer in charge, upon the recommendation of Finance Secretary Carlos G. Dominguez.

The Department of Finance exercises administrative supervision over government financial institutions pursuant to Executive Order No. 251 (s. 2000), which further defined the supervision and coordination of policies, plans, and programs by the Department of Finance over certain government financial institutions, including GSIS.

In the meeting, the Board of Trustees also noted the President’s acceptance of the resignation of former President and General Manager Jesus Clint Aranas on Tuesday, July 2.

The Board further revoked all resolutions relating to the proposed sale ofthe GSIS’s port area property until further study and consultation with all stakeholders.

In particular, Board Resolution No. 38 (dated February 27, 2018) that approved the sale and disposal of the Manila International Port Terminal Inc. (MIPTI) through public bidding, and granted authority for the President and General Manager (PGM) to proceed with the sale and setting of the minimum bid price.

Also revoked was Board Resolution No. 89 (dated June 25, 2019) that approved a higher minimum bid price.