Manila, March 27 -- The Government Service Insurance System (GSIS) approved 1,200 solar energy loan applications worth around PHP400 million within the first 24 hours since the program's rollout, signaling strong demand amid rising electricity costs.

In a Bagong Pilipinas Ngayon interview Friday, GSIS Executive Vice President Joseph Philip Andres said the initial uptake reflects the urgency of providing affordable energy solutions to members.

"In the first 24 hours, naka-approve na po kami ng 1,200 applications na nagkakahalaga ng PHP400 million... talagang mabili po ito dahil napapanahon po talaga (In the first 24 hours, we approved 1,200 applications worth PHP400 million... uptake has been strong because it is timely)," Andres said. ...