BIZ BUZZ: SSS bullish on PH capital markets

Expect the Social Security System (SSS) to be more active in finding investment opportunities in the local capital markets.

That is according to SSS president and CEO Robert Joseph de Claro, who expects the state-run pension fund for private sector workers to make a killing with its investments this year.

And there’s enough reason to have such a “positive” outlook.

Amid the projected decline in interest rates as the central bank embarks on a calibrated easing cycle, De Claro said there were a lot of opportunities for business expansions. That is something that can boost the performance of companies in the stock market, where the SSS is a big investor.

As it is, the higher profits from investments are expected to augment the overall earnings of SSS, whose fund life is now projected to last until 2053 because of the 1-percent contribution hike starting this year.

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“The favorable outlook should enable SSS to actively participate in the capital markets and contribute to jobs generation as companies build and expand their businesses,” De Claro said.

“Ultimately, our goal is to make SSS relevant in the life of every Filipino at every point in their lives by providing quality social protection and espousing the value of saving for the future,” he added.