{"id":147473,"date":"2018-01-19T01:32:32","date_gmt":"2018-01-19T06:32:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=147473"},"modified":"2018-01-19T01:32:32","modified_gmt":"2018-01-19T06:32:32","slug":"sunlife-canada-eyes-p1-5-b-investment-in-govt-infra-projects","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/19\/sunlife-canada-eyes-p1-5-b-investment-in-govt-infra-projects\/","title":{"rendered":"Sunlife Canada eyes P1.5-B investment in gov’t infra projects"},"content":{"rendered":"
\"Logo<\/a>
Logo of Sun Life Financial (Photo By http:\/\/www.nwcta.com\/images\/Supplier%20Logo\/Sun%20Life%20logo.jpg, Fair use)<\/a><\/figcaption><\/figure>\n

MANILA<\/strong> \u2014 Sun Life of Canada (Philippines), Inc. (SLOCPI) is willing to invest around PHP1.5-2 billion on infrastructure projects to be identified by the government.<\/p>\n

SLOCPI Chief Investment Officer Michael Gerard D. Enriquez told PNA they are willing to invest in two to three small ticket projects as part of the company\u2019s bid to diversify its portfolio.<\/p>\n

\u201cWe\u2019re waiting for the government to launch more projects. We\u2019re always on the lookout for opportunities to fund infrastructure,\u201d he said.<\/p>\n

Enriquez said they were considering projects like rail and toll roads as well as airports, which he pointed out, provided visible earnings unlike power projects.<\/p>\n

In 2015, the company invested PHP500 million in a coal-fired power plant near Marawi City in Mindanao, which was originally scheduled to start operations in the third quarter of 2018.<\/p>\n

Enriquez said there was a delay in the project\u2019s construction \u201cbut everything is manageable.\u201d<\/p>\n

\u201cIt\u2019s still a growing region. I think there would\u00a0be more investments on its way to Mindanao. We\u2019re quite in the right position there,\u201d he said.<\/p>\n

Enriquez said they have the available capital to invest in more infrastructure projects \u201cbut, again, there\u2019s a lack of availability of projects to fund.\u201d<\/p>\n

Proponents and not the projects per se are also a major consideration in their decision on what infrastructure projects to invest in, he said.<\/p>\n

Other considerations are the size of the project and how the company rate this internally \u201cbecause we wanna safeguard the portfolio as well.\u201d<\/p>\n

\u201cIt\u2019s critical as well that the Insurance Commission approves it…I think the Insurance Commission is quite supportive as long as it\u2019s infrastructure,\u201d he said.<\/p>\n

Enriquez is also supportive of the government\u2019s plan to issue infrastructure bond, noting that this \u201cI think that should be good,\u201d he said.<\/p>\n

He added that yields from the securities will be lower compared to equities but risk is not\u00a0an issue since this would be shouldered by the government.<\/p>\n

SLOCPI President and Chief Agency Distribution Officer Alexander S. Narciso, in a briefing, said the company was open to investing in more infrastructure projects, citing the strength of their Canada-based mother unit – Sun Life Financial, Inc.<\/p>\n

He said SLOCPI was in talks with various infrastructure-focused companies \u201cbut so far there are not definite deals yet.\u201d<\/p>\n

\u201cTalks continue…we are in communication with them,\u201d he said, adding that finalization of these deals \u201cdepends on how the government would like to execute or fund these projects.\u201d<\/p>\n

The Duterte administration has laid out a massive infrastructure plan that entails the funding of around PHP8.4 trillion projects until the end of its term in mid-2022.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 Sun Life of Canada (Philippines), Inc. (SLOCPI) is willing to invest around PHP1.5-2 billion on infrastructure projects to …<\/p>\n","protected":false},"author":33,"featured_media":147474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[43966,5697,43967,43965,43964],"class_list":["post-147473","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-inc-slocpi","tag-infrastructure-projects","tag-slocpi-chief-investment-officer-michael-gerard-d-enrique","tag-sun-life-of-canada-philippines","tag-sunlife-canada-eyes-p1-5-b-investment-in-govt-infra-projects","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/147473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=147473"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/147473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/147474"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=147473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=147473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=147473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}