00:00 The Government Service Insurance System, or GSIS, will distribute billions worth of Christmas
00:05 cash gifts to elderly and disability pensioners.
00:08 This and other stories in tonight's Business News Wrap-Up.
00:14 The Philippine manufacturing sector performed better in November than all its ASEAN neighbors.
00:19 The S&P Global Manufacturing Purchasing Managers Index, or PMI, reported the country's PMI
00:25 in November 2023 is at 52.7, which is higher than the 52.4 recorded in October.
00:33 This is higher than the ASEAN average of 50.
00:37 The National Capital Region's General Retail Price Index, or GRPI, for October of this
00:42 year slowed down further to 3.4 percent from 3.6 percent recorded in September.
00:49 Meanwhile, the year-on-year growth rate of NCR's GRPI for the same month last year was
00:54 recorded at 6 percent.
00:57 The Government Service Insurance System, or GSIS, is set to release 3.35 billion pesos
01:03 worth of Christmas cash gifts to more than 328,000 elderly and disability pensioners
01:09 beginning December 6.
01:11 The amount to be received is equivalent to one month pension up to 10,000 pesos.
01:16 Wick Veloso, President and General Manager of GSIS, says they are well aware that their
01:21 pensioners are anticipating the release of the said cash gift, which would help make
01:25 their Christmas merrier.
01:27 Shorm Zespina, for The Nation.
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