GSIS parks $300M in infra fund | Raadee S. Sausa

THE Government Service Insurance System announced it parked $300 million to Global Infrastructure Management LLC , a New York City-based investment company.

A statement issued by the GSIS said its President and General Manager Jose Arnulfo A. Veloso and James Amine, a partner in GIP’s Emerging Markets Fund signed the agreement recently. “This partnership is in line with our continued effort to further diversify our assets and generate higher returns for the benefit of our more than two million members and pensioners,” Veloso was quoted in the statement as saying.

According to Bloomberg News, GIP invests in the natural resources infrastructure, water distribution and treatment, power, utilities, seaports, and waste management sectors.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asurion to add 700 jobs in Central Luzon | Andrea E. San JuanGlobal tech care company Asurion said it is aiming to add over 700 local full-time jobs in Central Luzon this year. “We are thrilled to support the development of Central Luzon’s labor economy, given its growing infrastructure, talented workforce, and vibrant environment,” Trevor Williams, Asurion Clark site director, said in…
Source: BusinessMirror - 🏆 19. / 59 Read more »

Dispute resolution in PPP projectsIn sharp deviation from the policy of his predecessor, President Marcos had said that public-private partnerships (PPP) shall be tapped by the government to finance some of its infrastructure
Source: inquirerdotnet - 🏆 3. / 86 Read more »