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Wednesday, September 24, 2008

SSS Statement on its Financial Condition

Pension fund Social Security System said on September 17, 2008 that all its investments are in the local market, which has been profitable, and it expects to earn a record of P26 billion income from investments this year.

Although the pension fund is allowed to invest abroad, it has not done so because of the unfavorable investment climate, SSS spokesman Joel Palacios said.

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