MANILA, Philippines–Philiipines’ Comedy Queen, Ai-Ai delas Alas recently extends his contract as endorser with a non-intimidating insurance (for niche markets, such as small-and-medium entrepreneurs, farmers, fishermen, and public school teachers)–Country Bankers Life Insurance Corporation (CBLIC), held on Tuesday, February 27 at the Casino Español de Manila.
Delas Alas being an entrepreneur as well, she felt the need of having the type of insurance policy that CBLIC is offering; particularly in protecting properties today. She believes that CBLIC, as an insurance group is more efficient and reliable. Thus, renewing her contract as the face of the said company is just appropriate.
Like Ai-Ai, she is concerned with unpredictability and desttructiveness of accidents like fire, which at the start of 2018, there were already eight fire incidents have occurred in the Metro. Back in the first quarter of 2017, there were 1,217 fire incidents that have been reported; and the cost of damages and casualties were estimated higher than the previous year, according to Bureau of Fire Protection (BFP).
CBLIC is a subsidiary of CBIG, which has expendad its fire insurance portfolio to make sure not just entrepreneurs but homeowners are able to protect and cover their properties.
Today, the insurance firm is headed by Atty. Romeo G. Velasquez, the president and ably supported by Geraldine Desiderio-Garcia, the senior vice president and general manager.
For several years, the company has develop a wide arry of insurance plans that are not only practical but relevant as well.
For more information, visit its office at 648 T.M. Kalaw, Manila or contact telephone numbers (632) 523-8911 and (632) 524-0621; also check its facebook page.
On May 17, athlete-singer-actor Matteo Guidicelli, in cooperation with Sun Life Asset Management Company, Inc. (SLAMCI), launched a series of vlogs (video blogs) at B Hotel in Quezon City. The vlogs aim to teach Filipinos about how investing can help make their #lifegoals come true.
To be financially free, it starts with a detailed plan and the willingness to commit to such plan. Though the vlogs, dubbed as ‘Make It Mutual’ with topics that are relevant to personal finance, such as growing one’s money, beating inflation and investing regularly—are geared to empowering Filipinos to be wise in managing and growing their finances.
The vlogs were created for the viewer to easily relate these to real life situations, the modules shall be demonstrated in themes familiar to them, like travel, fashion, and fitness, among others. All videos will be shared via social media to make it readily accessible.
This is not the first time that Guiicelli did a financial literacy campaign for SLAMCI. It was in November 2015 when he also supported SLAMCI’s campaign against investment scams and was dubbed as ‘Slam the Scam’. He was glad to be part of it in helping people from getting victimized by scammers like the pyramid scams.
And being a policy holder of Sun Life, it has opened him to be wiser with his finances and where to invest his earnings. He said that with the insurance advisors he has now, “They give me insights on what to invest in and what not to invest in.”
Apart from the insurance policy he insured himself with, he also got Sun Life’s Prosperity Card, which was launched August last year. The card is an investment worth Php5,000, which may be invested in any of the peso-denominated mutual funds managed by SLAMCI under its Sun Life Prosperity Funds. The first-of-its-kind in the market, it has revolutionized mutual funds investing in the country.
“With the prosperity card, it earned me six percent (6%), It is a good start for high school students to start with or the millennial these days to start investing via this card.”
In Cebu, last year, he also opened his restaurant business called Trattoria da Gianni, which is located in Banilad, Cebu City.
The ‘Make It Mutual’ campaign is just the first of Sun Life’s series of financial literacy initiatives this year. According to Sun Life Chief Marketing Officer Mylene Lopa, more will be launched in the coming days as Sun Life rolls out its Financial Independence Month campaign in June.
Today, January 18, independent Presidential candidate Augusto ‘Boboy’ Syjuco Jr. filed a formal complaint against Social Security System (SSS) on behalf of the agency’s millions of pensioners to investigate the questionable acts and practices of SSS officers in handling the money remitted by the private sector workforce.
It is feared that the 32 million SSS pensioners may be cut-off from the retirement lifeline if the economy crumbles under the Aquino administration.
According to an SSS official, the agency’s losses have accumulated a mark-to-market loss of stocks and ballooned to an overall loss that reached to Php42.2 billion. Today, there are senior executives who get paid up to Php100,000 monthly while most of the pensioners are paid only at Php1,000, which is not even enough for the retired workers’ medical maintenance.
The incumbent President—PNoy said the pension hike for over two million pensioners may result to substantial negative income for the SSS as it may only resort to using Investment Reserve Fund (IRF) to support the pension hike. Also, he mentioned that the IRF may diminish over the years and reach by 2029. The proposed pension increase of Php2000 per retiree multiplied by the present number of more than two million pensioners may succumbed to a total payout of 56 billion yearly. Given the annual investment income of Php30 billion to Php40 billion—such total payment for pensioners will yield deficits of 16 to 26 billion annually.
Syjuco compares the SSS pensioners as ‘Walking Dead’ similar to the zombies on an American TV series.
He demands that SSS should be investigated for the following: low collection efficiency rate, fat bonuses for its officials, laxity in the collection of billions in contributions, retirement packages worth unconscionable millions given to SSS board members and non-collection of fines imposed by the courts against employees who violated the SSS law.
#BoboySyjuco is a former Representative of the 2nd District of Iloilo and the Chief of Technical Education and Skills Development Authority (TESDA).
Back in the Arroyo administration, he was a member of the President’s personal five-person ‘think tank’ on crucial matters in the affairs of the Constitutional Convention. In 1971, he was elected Vice-President for the 1971 Constitutional Convention, holding the third highest rank post back then, when he was still at the age of 28. He was the 10th youngest of the 320 delegates.
He earned his MBA degree in Business Administration at Wharton School, University of Pennsylvania, USA.