ABS CBN (Free subscription) | 06/08/2008
To embattled Winston Garcia, the fight to bring down power rates charged by Manila Electric Company (Meralco) continues despite a quick knockout from a temporary restraining order (TRO) recently issued by the Court of Appeals.
ABS CBN (Free subscription) | 07/20/2008
By DES FERRIOLSThe Government Service Insurance Service (GSIS) said it would tap fund managers to manage its $400-million global investment program.The state-run pension fund manager said over the weekend that it would hire one or two fund managers to handle what is left of its $1-billion investment fund intended for offshore investments.GSIS president and general manager Winston Garcia...
Sunstar (Free subscription) | 07/18/2008
PRESIDENT Gloria Macapagal-Arroyo still has high confidence in the leadership of GSIS president Winston Garcia despite the graft charges filed against him by employees and members of the government corporation. In a Malacañang press conference Wednesday, Executive Secretary Eduardo Ermita said the President is confident that Garcia would weather all the charges against him and...
ABS CBN (Free subscription) | 07/16/2008
Government Service Insurance System (GSIS) president and chief executive officer Winston Garcia stressed Wednesday that the state workers' fund will not monopolize the P3.5-billion compulsory third party liability (CTPL) insurance business in the registration of motor vehicles at the Land Transportation Office (LTO).
ABS CBN (Free subscription) | 07/10/2008
... for the past seven years.She said that instead of de la Paz, the President should have sacked Winston Garcia as president and general manager of the Government Service Insurance System."Why not Winston Garcia? A lot of GSIS members have been complaining against him," Basilio said.ReasonsEarlier Thursday, de la Paz said she blocked intentions of some quarters to use SSS...
ABS CBN (Free subscription) | 06/19/2008
The Government Service Insurance System (GSIS) on Thursday said it will not counter the television advertisement featuring actress Judy Ann Santos as she explained the Manila Electric Company's (Meralco) systems loss charges.GSIS president Winston Garcia said the ad, in which Santos likened systems loss to the melting of ice during transport, already "lost" its credibility, and therefore...
Financial Time (Free subscription) | 06/18/2008
... the management team, which is loyal to the Lopez family that owns about a third of the company. Winston Garcia, GSIS president, is keen to get rid of Meralco’s long-term power purchase deals with Lopez family-owned power producers, which supply almost 40 per cent of the utility’s power supply needs.The deals are widely blamed for Meralco’s higher electricity rates.The Lopez family...
» PINOYHACK.COM (Free subscription) | 06/11/2008
Did I hear that right, how stupid is that? Winston Garcia is pursuing a lawsuit for a major takeover on Meralco? He must be kidding I still remember when I was taking up my master’s degree, three of my classmates were employed and are holding up high positions [...]
ABS CBN (Free subscription) | 06/13/2008
... electricity charges and other allegations of wrongdoing. Meralco's foremost critic has been Winston Garcia, president of the pension fund Government Service Insurance System or GSIS.Garcia has also threatened to wrest control of Meralco away from the Lopez family. The GSIS is a stakeholder of Meralco. abs-cbnNEWS.com is the online news department of ABS-CBN Interactive Inc.,...
ABS CBN (Free subscription) | 06/12/2008
... regime held the company during the 1970s.Lopez named the Securities and Exchange Commission and Winston Garcia, president and general manager of the Government Service Insurance System, as the "big vilains" in that annual gathering."In the months preceding the Annual Meeting, GSIS had been buying up Meralco shares until it had more than 25%. At the same time, it also conducted a strong...
Asia Times (Free subscription) | 06/09/2008
... the Lopez-controlled board went ahead with nonetheless. The complaint was filed by GSIS president Winston Garcia to guard against new Lopez family proxies being voted onto the board, according to news reports. Manuel "Manolo" Lopez maintained his chief executive position with the company after the contested meeting. Garcia said he plans to contest the legality of that meeting...
ABS CBN (Free subscription) | 06/07/2008
Former Senate President Jovito Salonga defended the Lopez family amid the corporate dispute between the Manila Electric Company (Meralco) and Government Service Insurance System chief Winston Garcia.
