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)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
