The Daily Tribune
SSS, Maharlika nix online gambling investments
The Social Security System (SSS) has confirmed it has no current investments in or future plans to invest in online gambling firms.
This stance aligns with the Department of Finance's proposal to ban government investments in the industry, according to Finance Secretary and SSS ex-officio chairman Ralph G. Recto.
The Maharlika Investment Corporation (MIC) also has a firm policy against investing in online gambling businesses, as stated by its President and CEO Rafael D. Consing.
This policy is detailed in MIC's board-approved Investment Policy and Risk Management Framework.
Meanwhile, the Government Service Insurance System (GSIS) is facing questions regarding its investment in DigiPlus Interactive Corp., leading to the preventive suspension of its President and General Manager Jose Arnulfo A. Veloso.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
