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SSS joins Maharlika fund in ruling out investments in online gambling firms
Business World Philippines
|August 13, 2025
THE Social Security System (SSS) said it holds no shares of online gambling firms and has no plans to add such shares going forward.
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“SSS has no investments in the online gaming industry and has no plan of investing in it” the pension fund said in a statement on Tuesday, adding it is on board with the Department of Finance’s proposal to ban government investment in the industry.
Finance Secretary Ralph G. Recto said the government is considering a formal ban on such investments. Mr. Recto is the ex-officio chairman of the SSS.
The SSS said the online gambling industry “is not part of its investment plans.”
The SSS joins Maharlika Investment Corp. (MIC) in ruling out investing in the online gambling industry.
MIC President and Chief Executive Officer Rafael D. Consing, Jr. reiterated the sovereign wealth fund’s stance against investing in online gambling-related businesses.
Esta historia es de la edición August 13, 2025 de Business World Philippines.
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