UPLB gets green light for limited in-person classes under quake rules

The University of the Philippines Los Baños has been allowed to hold limited and essential in-person classes after the Laguna provincial government approved its request for exemption from the provincewide suspension of face-to-face learning imposed because of earthquake risks.

Chancellor Jose V. Camacho Jr., in a memorandum issued Oct. 16, informed all deans, directors, department chairs and unit heads that UPLB could resume select in-person activities.

These include scheduled examinations, laboratory classes, fieldwork, clinical and internship rotations, human kinetics courses requiring physical participation and exchange-student programs that cannot be effectively conducted online.

The chancellor’s order also covers the UP Rural High School, a laboratory high school under the College of Arts and Sciences.

Faculty members in charge of classes were advised to determine whether their lectures could be delivered online through synchronous or asynchronous modes, with the option to shift to in-person instruction if necessary.

Powerful quakes

A series of powerful earthquakes in various parts of the country prompted Gov. Marisol Aragones Sampelo to suspend face-to-face classes in Laguna from Oct. 14 to 31.

She later convened local officials from the health, education and disaster risk sectors to discuss the potential impact of a major earthquake on the province and to coordinate precautionary measures across affected areas.

Aragones said several communities were found to lie along the West Valley Fault and could be severely affected should a major quake occur. These include San Pedro (Calendola, GSIS, Sampaguita Village, San Antonio, San Vicente, United Bayanihan), Santa Rosa (Santo Domingo), Cabuyao (Casile), Calamba (Canlubang) and Biñan (Poblacion, Malamig, San Francisco).

The governor said that while these areas must remain especially alert because of their proximity to the fault, nearby communities could still feel strong shaking during an earthquake.

‘This is in preparation for the worst-case scenario, but we are hoping that it doesn’t happen at all,’ Aragones said in a video posted on social media.

Last week, two quakes measuring magnitude 7.4 and 6.7 struck the eastern section of Mindanao, killing at least eight people. These followed a magnitude 6.9 earthquake days earlier that killed 76 people and destroyed or damaged 72,000 houses in Cebu province, according to government figures.

Limited but essential on-campus activities

Camacho promptly asked the governor to allow the conduct of limited and essential face-to-face activities on campus.

Sampelo on Oct. 15 granted UPLB’s request for exemption from the provincewide suspension of on-site classes, permitting the conduct of essential and limited on-campus activities under strict safety conditions.

The provincial government required full compliance with safety advisories from the Philippine Institute of Volcanology and Seismology and the Provincial Disaster Risk Reduction and Management Office. It also ordered strict enforcement of building inspections, emergency preparedness measures and coordination with local authorities for any incidents or safety concerns.

Aragones said the approval was granted with the understanding that ‘the protection of human life remains the foremost consideration.’

She added that with safeguards in place, both the university and the provincial government ‘can take comfort that we have done our part to protect our learners while allowing them to learn and serve in a safe, responsible environment.’

PH prone to earthquakes

Earthquakes occur almost daily in the Philippines, which lies along the Pacific ‘Ring of Fire,’ an arc of intense seismic activity stretching from Japan through Southeast Asia and across the Pacific basin.

In 1976, an 8.0-magnitude quake off Mindanao’s southwest coast triggered a tsunami that left 8,000 people dead or missing, the country’s deadliest natural disaster.

PNP: P239.6-M smuggled cigarettes seized from Aug. 26 to Oct. 16

More than P239.6 million worth of smuggled cigarettes was seized by the Philippine National Police (PNP) in a series of anti-smuggling operations across the country over the last two months.

The PNP said on Saturday that its personnel conducted 335 anti-smuggling operations from August 26 to October 16, 2025.

Of these operations, 311 specifically targeted smuggled cigarettes.

The campaign against smuggling led to the arrest of 267 suspects and the seizure of smuggled cigarettes with a total amount of P239,639,651.

Around P58.9 million of the smuggled cigarettes was confiscated by Police Regional Office (PRO) 6, P56.2 million by PRO 9, and P47.7 million by PRO 12.

According to acting chief Lt. Gen. Jose Melencio Nartatez Jr., the operations send a message that ‘the PNP stands firm in defending the nation’s economic integrity.’

‘Smuggling is more than a crime, it is a betrayal of the honest Filipino worker and business owner,’ Nartatez said in the PNP statement.

‘Every pack of illicit cigarettes seized means revenue saved for our government and opportunities restored for our people,’ he added.

Nartatez likewise said that the PNP remains committed to working with the Bureau of Customs, local government units, and other law enforcement agencies in conducting campaigns against the illegal trade of smuggled cigarettes in the country.

Storm surge warning raised over Luzon, Visayas due to Ramil

A storm surge warning was raised for several areas in Luzon and the Visayas due to Tropical Storm Ramil (international name: Fengshen), the state weather bureau said Saturday.

In its 8 a.m. advisory, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) said there is a ‘minimal to moderate risk of storm surge in the next 36 hours, with estimated heights of one to two meters’ in the following low-lying coastal areas of these provinces:

Luzon

Albay

Bacacay

Ligao City

Tabaco City

Legazpi City

Libon

Malilipot

Malinao

Manito

Oas

Pio Duran

Rapu-Rapu

Santo Domingo (Libog)

Tiwi

Aurora

Baler

Casiguran

Dilasag

Dinalungan

Dingalan

Dipaculao

San Luis

Camarines Norte

Capalonga

Daet

Jose Panganiban

Mercedes

Paracele

Santa Elena

Talisay

Vinzons

Camarines Sur

Balatan

Bato

Caramoan

De Gallego

Garchitorena

Lagonoy

Libmanan

Lupi

Minalabac

Pasacao

Presentacion (Parubcan)

Ragay

Sagñay

San Fernando

San Jose

Sipocot

Siruma

Tigaon

Tinambac

Cabusao

Calabanga

Bula

Catanduanes

Bagamanoc

Baras

Bato

Caramoran

Gigmoto

Pandan

Panganiban (Payo)

San Andres (Calolbon)

Viga

Virac

Eastern Samar

Arteche

Can-Avid

Borongan City

Dolores

Oras

San Julian

San Policarpio

Sulat

Taft

Ilocos Norte

Badoc

Pinili

Ilocos Sur

Cabugao

Caoayan

Candon City

Vigan City

Magsingal

Narvacan

San Esteban

San Juan (Lapog)

Santa

Santa Catalina

Santa Cruz

Santa Lucia

Santa Maria

Santiago

Santo Domingo

Sinait

Tagudin

Isabela

Dinapigue

Divilacan

Maconacon

Palanan

La Union

Agoo

Aringay

Bacnotan

Balaoan

Bangar

Bauang

Caba

San Fernando

Luna

Rosario

San Juan

Santo Tomas

Marinduque

Boac

Buenavista

Gasan

Mogpog

Santa Cruz

Torrijos

Masbate

Aroroy

Baleno

Batuan

Masbate City

Claveria

Dimasalang

Mobo

Monreal

Palanas

San Fernando

San Jacinto

San Pascual

Uson

Pangasinan

Agno

Anda

Bani

Binmaley

Bolinao

Burgos

Alaminos

Dagupan City

Dasol

Infanta

Labrador

San Fabian

Sual

Quezon

Agdangan

Alabat

Buenavista

Burdeos

Calauag

Catanauan

General Luna

General Nakar

Guinayangan

Infanta

Jomalig

Lucena City

Macalelon

Mauban

Mulanay

Padre Burgos

Pagbilao

Panukulan

Patnanungan

Perez

Pitogo

Polillo

Quezon

Real

San Andres

San Francisco (Aurora)

San Narciso

Sariaya

Tagkawayan

Unisan

Atimonan

Plaridel

Gumaca

Sorsogon

Barcelona

Bulan

Bulusan

Castilla

Sorsogon City

Donsol

Gubat

Casiguran

Juban

Magallanes

Matnog

Pilar

Prieto Diaz

Santa Magdalena

Zambales

Botolani

Cabangan

Iba

Masinloc

Palauig

San Antonio

San Felipe

Santa Cruz

Visayas

Western Samar

Almagro

Calbayog City

Gandara

Santa Margarita

Santo Niño

Tagapul-an

Tarangnan

Northern Samar

Allen

Biri

Bobon

Capul

Catarman

Gamay

Laoang

Lapinig

Lavezares

Mapanas

Mondragon

Palapag

Pambujan

Rosario

San Antonio

San Isidro

San Jose

San Roque

San Vicente

Victoria

Pagasa warned that the storm surge may cause minimal to moderate damage to communities, coastal and marine infrastructure, and disrupt marine-related activities.

The agency also advised residents in these areas to stay away from the coast and cancel all marine activities.

Meanwhile, Pagasa reported that Ramil had slowed while moving west-northwest over the waters off East Sorsogon.

The storm was located about 260 kilometers east of Juban, Sorsogon, with maximum sustained winds of 65 kilometers per hour (kph) and gusts up to 80 kph. It was advancing west-northwest at 15 kph.

Ramil is also forecast to make landfall or approach Catanduanes on Saturday afternoon or evening

Quake-hit northern Cebu begins rehabilitation phase

Even as the national and local governments and private organizations have started the rehabilitation phase of northern Cebu devastated by the deadly quake on Sept. 30, local authorities admit basic needs-like water and food-still needed to be delivered to affected communities.

According to a consolidated report from Cebu Provincial Disaster Risk Reduction and Management Office (PDRRMO) on Friday, the City of Bogo, the epicenter of the quake, and the towns of Medellin, San Remigio, Daanbantayan, Sogod, Borbon and Tabogon were still in dire need of drinking water, food packs and temporary shelters such as modular tents and tarpaulins for hundreds of displaced families.

The report was released just as President Marcos visited for the second time the earthquake-affected areas of San Remigio and Bogo City on Friday to personally assess the ongoing relief and rehabilitation operations in these localities. He first visited the area two days after the deadly quake struck.

Smart houses

Accompanied by Social Welfare Secretary Rex Gatchalian, Public Works Secretary Vince Dizon, Philippine Red Cross head Dick Gordon, and other local officials led by Gov. Pamela Baricuatro, President Marcos on Friday began his visit in San Remigio, where he inspected the Bayanihan Village, where 67 prefabricated modular ‘smart houses’ have been built to replace makeshift tents and provide safer, more dignified living spaces for residents whose homes were destroyed or deemed unsafe.

According to Department of Human Settlements and Urban Development (DHSUD) Central Visayas Director Eva Marie Marfil, 45 units are already ready for occupancy, with 22 families having moved in. The site is set to benefit a portion of the 254 families affected in northern Cebu.

The President then proceeded to the Tent City in Bogo City, where 176 tents provided by the Red Cross currently house 162 families.

Speaking to reporters, the President said they planned to also replace the tents with modular houses, even as he confirmed that DHSUD has started distributing construction materials to help residents begin rebuilding their homes.

He commended the progress being made to address the needs of affected residents in northern Cebu.

‘For now, I think we are okay. We will keep working to make sure everybody is okay, everybody is healthy, everybody has what they need,’ President Marcos said. Urgent needs

Still, according to PDRRMO, there were urgent needs that required attention.

In the town of Borbon, where no modular houses have yet to be set up, the local government has requested 300 to 500 pieces of sleeping tents and 5,000 hygiene kits for displaced families, the PDRRMO said.

Essential medical supplies were also being prioritized, including medicines for high blood pressure, fever, stomach ache, diarrhea and wounds, as well as antibiotics, tetanus and anti-rabies vaccines, and personal protective equipment (PPE) for responders.

To address water supply issues, water tankers were requested by several municipalities-San Remigio (3 units), City of Bogo (4), Daanbantayan (2), Borbon (3), Tabuelan (2) and Tabogon (5).

Other necessities identified include sleeping kits (blankets, mats and folding beds), lights and solar lamps, generator sets, rice and cooking kits. Some areas, like Sogod and San Remigio, have also requested dignity kits, medical teams and psychosocial support units to assist affected residents.

San Francisco town on Camotes Islands has reported the need for 48 tents and container vans to serve as temporary classrooms for 14 damaged schools.

Meanwhile, technical support was also sought by Medellin, San Remigio and Tabogon, which need engineers for building safety inspections and geotechnical experts to assess sinkholes and fissures for public safety.

In Bogo City, several barangays requested tents for temporary shelters, with Barangay Nailon alone seeking up to 120-160 units.

Borbon officials have likewise requested five generator sets, 100 flashlights for 19 barangays and 20 tents to be used as temporary municipal offices in front of the Municipal Hall and public market.

Local authorities have assured that requests have been forwarded to the PDRRMO and national agencies for immediate response and coordination.

’General Hospital,’ David Attenborough win at Daytime Emmy Awards

Paul Telfer of ‘Days of Our Lives’ and Nancy Lee Grahn of ‘General Hospital’ won lead acting honors at the Daytime Emmys on Friday, with ABC’s ‘General Hospital’ claiming six trophies in the major categories, including drama series.

Sir David Attenborough broke Dick Van Dyke’s record for oldest Daytime Emmy winner, taking the trophy for daytime personality, non-daily as host of Netflix’s ‘Secret Lives of Orangutans.’

Attenborough, who is 99, wasn’t on hand. The Brit’s career as a writer, host and narrator spans eight decades.

Van Dyke was 98 when he won as guest performer in a daytime drama series for ‘Days of Our Lives’ in 2024.

Telfer, a 45-year-old native of Scotland, plays Xander Kiriakis on Peacock’s ‘Days of Our Lives,’ which he first joined in 2015.

‘My mom always loved soaps and she loved villains,’ he said. ‘She’s been gone for over 20 years, and so to win this on a soap opera playing the villain is really amazing. Thanks, Mom.’

Grahn earned her third career trophy at the 52nd annual awards, having played Alexis Davis on ‘General Hospital’ since 1996. She regularly uses her platform to speak out on political matters, and she carried a silver clutch that she had hand-lettered with the words ‘Democracy dies in silence.’

‘Our democracy is worth fighting for, the people in it are worth caring about, and whether you have a platform or not, now is the time, guys, to show up, stand up, speak up for human decency, for democracy,’ she said, shouting, ‘Stand up!’ multiple times to the audience. Jonathan Jackson of ‘General Hospital’ and first-time nominee Susan Walters of ‘The Young and the Restless’ won supporting acting honors.

Jackson accepted the trophy for playing Lucky Spencer, a role he originated in 1993 and has played on and off ever since.

‘General Hospital’ also claimed trophies for Alley Mills as guest performer in a daytime drama and its writing and directing teams.

It was Mills’ second career win for playing Heather Webber. The 74-year-old, who first won in 2023, is best known as the mom on ‘The Wonder Years.’

‘We’re living in really dark times right now. Everything’s crazy,’ Mills told the audience at the Pasadena Civic Auditorium. ‘We just got to keep our spirits high.’

Walters plays Diane Jenkins on CBS’ ‘YandR,’ which she has appeared in during three different stints.

‘I’m so happy that I won so I can thank my husband of 40 years,’ she said, singling out Linden Ashby, who has appeared on the same show and lost to Mills in the guest actor category.

Drew Barrymore claimed her first win as daytime talk series host for her eponymous New York-based show. She beat out Kelly Clarkson, Mark Consuelos and Kelly Ripa, Jenna Bush Hager and Hoda Kotb, and Jennifer Hudson. ‘Live With Kelly and Mark’ won daytime talk series.

Lisa Yamada of CBS’ ‘The Bold and the Beautiful’ won the emerging talent category, which replaced the younger actor and actress awards. The 23-year-old plays murderous Luna Nozawa.

‘Acting has been my dream since I gained consciousness, and my dreams are coming true right now,’ Yamada said, her voice choked with emotion. ‘I’m ugly crying.’

The night’s most exuberant winner was Kardea Brown, honored as culinary host for the Food Network’s ‘Delicious Miss Brown,’ which has aired for 10 seasons. The show also won for culinary instructional series.

‘Is this real?’ Brown said, mascara-stained tears streaming down her face. ‘These are tears of joy. As a young Black woman from Charleston, South Carolina, nobody would have ever thought that this would be possible, but I know one person that did. That’s God.’

UAAP: Nic Cabañero shrugs off early MVP talks after first round

University of Santo Tomas star Nic Cabañero has emerged as an early favorite to win MVP in the UAAP Season 88 men’s basketball tournament.

Cabañero is currently the league’s leading scorer, while powering the Growling Tigers to second place after the first round. Heading into Saturday’s game against Adamson, Cabañero averaged 18.8 points, 6.5 rebounds, 2.7 assists and 1.7 steals per game. He continued his scoring binge, dropping 23 points in the upset loss to the Falcons.

Cabañero, however, isn’t thinking about the MVP award.

‘I’m just doing my job and my role. All I’m thinking about is winning a championship and leaving a legacy with UST,’ he said. ‘I wouldn’t get those numbers if the team and the coaches aren’t working together.’ Cabañero is bracing for a tough second round.

‘I’ve been doing this for a while now and I’ll just continue to do my role. I need to improve my defensive aspect and play more as a leader,’ he said.

Tetra Pak might scale up in the Philippines, but not yet

Packaging maker Tetra Pak is not closing its doors on expanding its services in the Philippines to include food containers, according to a company official.

Larry Tobias Jr., business development director at Tetra Pak, on Friday told reporters the entry of the company’s packaging for solid food products was ‘a work in progress.’

Tobias added that they wanted to bring ‘as many sustainable solutions into the Philippine market’ as possible.

The company has been operating in the Philippines for nearly four decades. It currently provides packaging for juice, water and dairy products in the country.

The company has yet to penetrate the food segment, Tobias said, as they still need to gauge overall demand.

The Philippines currently makes up only a small share of Tetra Pak’s client base, which mostly seeks its services for dairy products.

A total of 55 percent of its products go to Vietnam. Meanwhile, 29 percent collectively go to Malaysia, Singapore, the Philippines and Indonesia.

Despite the small market share, the Philippines is still a ‘very strategic market,’ according to Tobias.

‘We have a very young population compared to other [Southeast Asian] countries . We can see that the market is developing,’ he added.

Segmenting

For now, Tobias said they were focusing on segmenting their categories even further. While the firm has been packaging milk products in the Philippines, Tobias said they have already expanded to include all-purpose cream products.

‘That’s a proof of growth for the market . we can see a lot of innovations and some of the products are fairly unique in the Philippine market,’ he said.

This potential expansion in the Philippines comes as part of Tetra Pak’s massive sustainability agenda.

Based on its 2024 sustainability report, Tetra Pak has cut its greenhouse gas emissions from its operations by 54 percent. This keeps the firm on track to achieve net zero emissions by 2030, Tetra Pak Asean sustainability director Terrynz Tan said during a press conference.

Last year, Tetra Pak spent 100 million euros in sustainability research and development, specifically for the improvement of its packaging products.

‘It’s a continuous investment,’ Tan added.

PH a ‘front-runner’ in Asean nuclear energy push

The Philippines has emerged as one of the ‘front-runners’ in the nuclear deployment across the Association of Southeast Asian Nations (Asean) region, according to a unit of Fitch Solutions.

In its report, BMI said that while there was a growing interest from Asean countries in the potential integration of nuclear energy into the electricity power mix, the Philippines and Vietnam ‘stand out’ in terms of rollout readiness.

It noted that the country was a ‘leader’ in the region, given the government’s target to fire up an initial 1,200 megawatts (MW) of nuclear power by 2032.

‘We believe there could be opportunities for an accelerated deployment given the Philippines’ capabilities and experience, as the Bataan province houses Southeast Asia’s only existing nuclear power plant, though it never became operational,’ BMI said.

The Bataan Nuclear Power Plant was hounded by controversies under the leadership of deceased former President Ferdinand Marcos due to safety fears.

The current administration, led by another Marcos, previously sought South Korea’s expertise to weigh on the possibility of reviving the mothballed 620-MW nuclear facility.

Aside from this, BMI also cited the administration’s commitment to addressing regulatory uncertainty.

Marcos provided his go signal for the establishment of the Philippine Atomic Energy Regulatory Authority, a move that the government considered crucial to allaying investors’ worries on policy covering the new technology.

Attractive region

‘Critically, we highlight that the Philippines is a signatory to all major safety, security, safeguards and liability instruments, demonstrating its comprehensive engagement with the international nuclear governance framework,’ BMI said.

‘This regulatory maturity, combined with concrete policy support and established institutional capacity, positions the Philippines as the frontrunner in Asean’s nuclear race,’ it added.

Zooming out, BMI said the soaring electricity demand in Asia, fueled by economic growth as well as data center market growth, makes it ‘one of the most attractive regions for nuclear power development in the coming decades.’

While renewables capacity continues to grow across the region, BMI said it remains insufficient to meet the power needs.

‘The unique context in Asia positions nuclear as a long-term solution to deliver clean power while ensuring baseload generation and energy security,’ it said.

Vizcaya ace: Med-tech topnotcher also No. 1 in doctors’ exam

Kharam Baricaua Molbog, a native of Solano town in this province, topped the Physician Licensure Examination this month-his second time as topnotcher after ranking first in the Medical Technology Licensure Examination three years ago.

The 25-year-old alumnus of the University of Santo Tomas (UST) had the highest score of 91.17 percent among the 4,570 who passed the exam, held on Oct. 4, 5, 11 and 12 in Metro Manila and other test centers nationwide. There were a total of 5,900 examinees this year.

Molbog topped the Medical Technology Licensure Examination in 2022 with a score of 90.20 percent. He graduated summa cum laude meritissimus at UST, earning an outstanding 99.17 percent in his medical course.

‘Late bloomer’

In a chat with the Inquirer, Molbog reflected on his journey to success, saying his path was not always easy.

He said he was not a standout student during his elementary and high school at St. Louis School in Solano.

He also failed to pass the University of the Philippines College Admission Test in 2014. This made him realize to do better with determination, he said.

‘I kept working hard in college and med school, so that perseverance finally paid off when I topped both licensure exams,’ said Molbog, who lives with his grandmother, a retired teacher, since his parents are working in Canada. His father Jennirex Molbog is an IT specialist, and his mother Josenia Baricaua-Molbog, a nurse.

He had a reputation in school as a ‘late bloomer,’ or so he was called, but soon enough his drive to succeed became evident.

Even his downtime still had room for more knowledge, as Molbog listened to classical music-particularly Mozart, one of his favorites-between his intense review sessions.

Molbog said he plans to specialize in either cardiology or radiation oncology. He also aims to do his part in addressing the shortage of medical professionals in Nueva Vizcaya, which has only two cardiologists.

In recognition of his exceptional achievement, the provincial government is due to hand over P200,000 to the newly minted doctor.

‘His success, twice over as a national topnotcher, proves that grit, humility and world-class excellence can be nurtured in our province,’ Nueva Vizcaya Gov. Jose Gambito told the Inquirer, praising Molbog’s dedication and resilience.

‘We are proud to honor him under our Topnotchers Incentive Ordinance and look forward to the many lives he will touch as a physician,’ Gambito said. ‘Molbog’s performance underscores sustained excellence from premedical training through medical school, positioning him as one of the standout performers in recent board examinations.’

GSIS execs seek chief’s exit over P 8.8 billion losses

Current and former high-ranking officials of the Government Service Insurance System (GSIS) have called for the ‘immediate and irrevocable’ resignation of Jose Arnulfo ‘Wick’ Veloso, the president and general manager of the state-run pension fund, accusing him of ‘poor investment decisions’ that resulted in losses amounting to P8.8 billion.

In a strongly worded letter to Veloso dated Oct. 14, past and present members of the GSIS’s board of trustees alleged that the fund’s top executive had pursued risky investments ‘marked by a disturbing lack of transparency.’

‘Your continued presence at the helm of the GSIS puts the welfare of its 2.6 million members-dedicated public servants who have entrusted their life savings and future security to this institution-in imminent danger,’ they wrote.

‘The primary mandate of the GSIS is to manage its funds with utmost prudence, diligence, and loyalty. Your current trajectory suggests a departure from this sacred mandate, prioritizing transactions that serve interests other than those of the members,’ they added.

The letter was signed by Ma. Merceditas Gutierrez, chair of the legal oversight committee; Emmanuel de Leon Samson, chair of the risk oversight committee; Rita Riddle, chair of the audit committee; board member Evelina Escudero; and former board members Jocelyn de Guzman Cabreza and Alan Luga.

The signatories also cited what they described as ‘a pattern of actions seemingly designed to bypass proper governance,’ including the alleged practice of splitting investment transactions-a ‘clear tactic,’ they wrote, intended to evade the mandatory board review for investments exceeding P1.5 billion.

They accused Veloso, who recently returned to his post after a preventive suspension ordered by the Office of the Ombudsman, of ‘fabricating issues and weaponizing administrative procedures to retaliate against [board] members exercising their fiduciary duty of oversight.’

Keep ‘politics’ out

In a statement, Veloso said he would stay in office for as long as he has the trust of President Marcos, adding that the call for resignation was ‘not entirely unexpected.’

‘I categorically state that the allegations against me are baseless. I am addressing them squarely and transparently in the proper legal forum, where they rightfully belong,’ he said. ‘I appeal to everyone to spare GSIS from politics.’

‘Our performance speaks for itself,’ Veloso said, citing figures as of August 2025. He pointed to GSIS’s total assets climbing to P1.92 trillion and a total income of P231.06 billion, with net income reaching P100.02 billion.

‘These results clearly demonstrate that, despite market headwinds, GSIS remains financially strong, resilient, and highly profitable,’ he added.

Veloso, who also sits on the board, noted that only four of its nine members signed the letter.

‘As an appointee of the President, I serve at his pleasure. I will continue to fulfill my responsibilities as President and General Manager of the GSIS for as long as I have his trust and confidence.’ he said.

In July, Veloso and several other GSIS officials were suspended by the Ombudsman after an anonymous complaint questioned the fund’s P1.45-billion investment in Alternergy Holdings Corp. The other GSIS officials were executive vice presidents Michael Praxedes and Jason Teng, vice presidents Aaron Samuel Chan and Mary Abigail Cruz-Francisco, officer Jaime Leon Warren, and acting officer Alfredo Pablo.

The six-month suspension, the Ombudsman said, was intended to prevent those accused from influencing the investigation.

Suspension lifted

In the same month, the Confederation for Unity Recognition and Advancement of Government Employees (Courage) and ACT Teachers pressed for swift action on the Ombudsman case, saying ‘heads should roll’ for GSIS’s ‘unauthorized’ and ‘irresponsible’ investment in Alternergy.

Courage is composed of state employees and ACT represents public school teachers, who are among the biggest contributors to the pension fund.

The Ombudsman’s order was lifted in September after the antigraft body determined there were ‘insufficient grounds’ to believe the officials’ continued stay in office would affect the inquiry.

Also in July, Finance Secretary Ralph Recto said the Department of Finance would check if Veloso and the others violated ‘any rule imposed by law or board resolution’ when they made certain investment decisions.

Sen. Sherwin Gatchalian threw his support behind the probe ‘as this shows the government’s commitment to accountability and transparency in all public institutions, especially those managing workers’ funds.’

In their letter, the signatories pointed not only to the Alternergy investment but also to other ‘transactions of particular concern’ that they said had been split to avoid oversight.

They alleged that GSIS’s dual-tranche investments in Monde Nissin Corp., Nickel Asia Corp., Bloomberry Resorts Corp. and DigiPlus Interactive Corp. have already incurred combined losses of P3.67 billion.

Sen. Risa Hontiveros in August called for a probe into GSIS’s P1.2-billion investment in DigiPlus, an online gambling operator, which suffered a brutal sell-off over the past three months amid calls to ban online games.

‘Unacceptable risk’

The GSIS officials also flagged a proposed P456-million investment in Figaro Culinary Group Inc., noting that the company ‘failed to meet the P15-billion minimum market capitalization requirement’ and that the proposed investment ‘is more than 50 times the maximum allowable exposure of P8.5 million.’ Data from the stock exchange showed Figaro has a market capitalization of P3.28 billion.

They further warned that GSIS’s investments in private equity funds managed by Neuberger Berman and NightDragon would introduce ‘a grave and unacceptable level of risk to members’ retirement funds, fundamentally violating this core mandate.’

The letter also questioned GSIS’s investment in Udenna Land Inc., calling it a ‘rescue’ of businessman Dennis Uy’s Clark Global City project, as well as what they described as the ‘reckless’ bulk purchase of condominium units for resale from 8990 Housing Development Corp.

Incurred since 2023

The executives likewise criticized the proposed acquisition of The Centrium, a corporate center in Parañaque City, saying the transaction proceeded despite ‘questionable and conflicting valuations issued by various private appraisers, as well as by the Parañaque Assessor’s Office and the Commission on Audit.’

‘Poor investment decisions have led to GSIS huge losses of P8.8 billion,’ they said. ‘Despite our repeated inquiries and formal requests for your explanation, you have failed to provide a substantive response or engage in a discussion regarding these critical concerns.’

‘To prevent further erosion of trust and to safeguard the future of our members, your resignation is the only honorable and viable course of action,’ they added.

The losses cited in the letter were incurred since 2023, a year after Veloso was named GSIS chief by President Marcos.

Veloso was the president and CEO of the Philippine National Bank (PNB) prior to his appointment to GSIS. He was an international banker and was appointed as the first Filipino CEO at HSBC Philippines until he transferred to PNB in 2018.