GSIS chief stands by Alternergy, Digiplus investments; windfall cited

MANILA, Philippines — Government Service Insurance System (GSIS) President Jose Arnulfo Veloso defended the pension fund’s investment in Alternergy Holdings Corp. and DigiPlus Interactive Corp., citing significant windfall returns from both listed companies.

Veloso revealed that the GSIS had already earned P139 million from its exposure to the online gaming firm DigiPlus. Meanwhile, its P1.45-billion investment in Alternergy, a renewable energy company, has also contributed positively to the fund’s portfolio.
https://business.inquirer.net/549013/gsis-chief-stands-by-alternergy-digiplus-investments-windfall-cited

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