I just fired the president of the GSIS yesterday. In a letter addressed to Duterte, Aranas did not elaborate on his reasons for resigning, stating only that he was quitting with his integrity intact. Aranas’ departure from GSIS came amid his plan to sell a disputed property in Port Area, Manila occupied by global port and terminal operator International Container Terminal Services Inc. But Razon disputed Aranas’ plan, arguing the GSIS only has a “naked title” of the property. The GSIS board has rescinded the planned sale of the Port Area lot and accepted Aranas’ resignation.

Source: Philippine Star July 06, 2019 02:48 UTC