Government Service Insurance System (GSIS is actively seeking to allocate more of its investible funds to mining and infrastructure in order to generate better returns for its members
In a Laging Handa briefing, GSIS President and General Manager Wick Veloso that the state-run company continues to look for avenues for investment for its funds.
As of now, GSIS holds an investable fund amounting to nearly P1.6 trillion.
Veloso stated that it is their duty to invest the hard-earned contributions in avenues that yield favorable returns and contribute to both the members’ financial well-being and the nation’s progress.
GSIS is exploring investment opportunities in the mining sector, with a focus not only on export-oriented operations but also on processing activities.
Veloso emphasized GSIS’s interest in utilizing nickel ore for the production of lithium batteries and expanding vertical integration further to eventually venture into electric vehicle manufacturing.
GSIS anticipates a significant advancement in the e-vehicle industry within the next five to 10 years and intends to capitalize on it.
In a recent development, GSIS acquired shares in Nickel Asia Corp. to demonstrate its support for the electric vehicle industry promoted by the Marcos administration.
