Philippine senator questions GSIS investment in online gambling platforms, calls for assessment of social costs.

Philippine Senator Risa Hontiveros recently questioned the Government Service Insurance System (GSIS) at a Senate hearing, challenging the decision to invest 1 billion pesos in the online gambling platform DigiPlus without fully assessing potential social harms. The GSIS president responded that the

Civil Servant Pension Fund Investment in DigiPlus Gaming Stocks Faces Huge Losses — GSIS Executives Under Investigation

The Philippine government's civil servant social security agency GSIS has recently attracted widespread attention and controversy due to its investment in the online gambling platform DigiPlus Interactive Corp. Millions of civil servants' pensions, which should have been used to secure their retirem

Another scandal exposed! GSIS invested 1 billion in the Digiplus betting platform, which surprisingly failed to complete registration procedures with the Securities and Exchange Commission (SEC).

Philippine Senator Risa Hontiveros revealed on August 8 that the Government Service Insurance System (GSIS) had invested 1 billion pesos in an online gambling platform that had not completed registration with the Securities and Exchange Commission (SEC). This news immediately raised widespread conce

Hontiveros questions GSIS about the PHP 1-B investment in online gambling.

Investment in DigiPlus suffers heavy losses? GSIS officially responds: Pension funds are safe and open to inspection.

The Government Service Insurance System (GSIS) of the Philippines recently sparked public and political backlash for investing over 1 billion pesos in the local gaming platform DigiPlus Interactive Corp. Facing pressure, GSIS officially responded on August 6, asserting that the investment was legal,

Did the Philippine pension fund lose a bet on DIGIPLUS? A 10 billion peso investment in online gambling stocks suffered a 90% loss, and senators angrily criticized the abuse of power!

Philippine Senator Risa Hontiveros shockingly revealed on August 5th in Congress that the Government Service Insurance System (GSIS) had used public officials' retirement funds, amounting to 1 billion pesos, to invest in the online gambling platform DigiPlus, which now faces a nearly 90% loss in boo