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
/ THE END /
