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)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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