THE Government Service Insurance System (GSIS) confirmed on Tuesday that President and CEO Jesus Clint O. Aranas has resigned from his position effective July 2.
VP for Corporate Communications Margie A. Jorillo made this confirmation to reporters when asked if Aranas has indeed stepped down as head of the GSIS.
“PGM Clint Aranas resigned effective today,” Jorillo said via SMS.
The GSIS said Aranas resigned for “personal reasons.”
Before his resignation, Aranas had reiterated the plan of the GSIS to sell its Manila North Harbor property, despite the claims of port operator International Container Terminal Services Inc. (ICTSI) that the agency only has a “naked title” on the property.
In a statement issued on June 26, the GSIS said it is pushing through with the sale of the 672,645-square-meter property through public bidding, to help ensure the integrity of the funds of GSIS members.
Aranas said the market value of the property is approximately P33.632 billion based on the zonal valuation as of May 9, and as reflected in the GSIS books as of May 20.
Enrique K. Razon Jr., president and chairman of ICTSI, earlier said the GSIS has only a naked title so it has no right to use the property.
ICTSI operates the Manila International Container Terminal (MICT) which is located in the property that GSIS wants to sell.
The Philippine Ports Authority also questioned the validity of the 43-year-old title, saying that the PPA owns the North Harbor property even if it was registered under the name of the GSIS. Aranas, meanwhile, also resigned from his post in the Philippine Olympic Committee (POC) during an executive board meeting.