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SSS mulls investment in infra projects / Chino S. Leyco.

By: Leyco, Chino S.
Material type: materialTypeLabelArticleManufacturer: Manila : Manila Bulletin, 2017Description: page B-3.Subject(s): Amado Valdez | Build build build’ program | Emmanuel Dooc | Infrastructure projects | PPP projects | President Rodrigo Duterte’s administration | Social Security Act | Social Security SystemOnline resources: View the Article Scope and content: State-run Social Security System (SSS) is fully supportive of the “Build, Build, Build” program of President Rodrigo Duterte’s administration, which aims to maintain a 6.0 percent to 7.0 percent economic growth until 2022 through massive infrastructure projects. Social Security Commission Chairman Amado Valdez said the state-run pension fund will support the programs under “Duterte Nomics”, an economic strategy that aims to ensure economic inclusion of all Filipinos by dramatically raising funds, a large part of which through the proposed tax reform program. “As the current administration plans to spend some P8.4 trillion on its unprecedented infrastructure program, SSS is expressing its support to this program. In fact, SSS is planning to invest in Public-Private Partnership (PPP) programs such as road projects and tollways as it would generate a lifetime income for the pension fund,” Valdez said. SSS President and Chief Executive Officer Emmanuel Dooc said SSS investments in PPP projects would be feasible once the proposal for the SS Charter Amendment pushes through in the upper chamber, bi-cam and hopefully signed by President Duterte.
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                                News Paper News Paper Main Library: Serials Section
Manila Bulletin, September 6, 2017 (Browse shelf) Available NP00026
Total holds: 0

State-run Social Security System (SSS) is fully supportive of the “Build, Build, Build” program of President Rodrigo Duterte’s administration, which aims to maintain a 6.0 percent to 7.0 percent economic growth until 2022 through massive infrastructure projects.

Social Security Commission Chairman Amado Valdez said the state-run pension fund will support the programs under “Duterte Nomics”, an economic strategy that aims to ensure economic inclusion of all Filipinos by dramatically raising funds, a large part of which through the proposed tax reform program.

“As the current administration plans to spend some P8.4 trillion on its unprecedented infrastructure program, SSS is expressing its support to this program. In fact, SSS is planning to invest in Public-Private Partnership (PPP) programs such as road projects and tollways as it would generate a lifetime income for the pension fund,” Valdez said.

SSS President and Chief Executive Officer Emmanuel Dooc said SSS investments in PPP projects would be feasible once the proposal for the SS Charter Amendment pushes through in the upper chamber, bi-cam and hopefully signed by President Duterte.

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