MANILA, Philippines – The Social Security System (SSS), the state-owned pension fund for private employees, is ready to invest as much as P50 billion in the government’s Public-Private Partnership (PPP) program for infrastructure, its top official said.
“If there are good opportunities in PPP, we have allocated as much as P50 billion,” SSS president and chief executive officer Emilio de Quiros said.
He said PPP projects would be viable long-term investments.
“What’s good about PPP projects is that these are long-term investments,” De Quiros stressed.
He said SSS has roughly P300 billion worth of investable funds.
Aside from PPP prospects, SSS is also eyeing to pour more funds into the local equities market.
This year, De Quiros said the government is looking at investing more in listed companies belonging to the power sector.
“We’re looking at power. It has a lot of potential in terms of good returns,” he said.
At present, SSS has investments in Philex Mining Corp., Philippine Long Distance Telephone Co. (PLDT), Belle Corp and First Philippine Holdings Corp.
As of end-November 2011, SSS recorded net revenues of P24 billion or 12 percent higher than the year-ago figure.
For its part, the Government Service Insurance System (GSIS) is pouring in roughly $300 million to a planned infrastructure fund, which can go as high $750 million. –Iris C. Gonzales (The Philippine Star)
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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