Sun Life of Canada (Philippines) Inc. said over the weekend it plans to invest in another infrastructure project to increase profit, noting that long-term investments meet the long-term nature of liabilities held by insurance companies.
Sun Life Philippines President and chief executive officer Rizalina Mantaring told reporters the company was looking at long-term investments with higher yield, such as infrastructure projects.
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“We’re looking at more infrastructure investments. This second one is renewable energy,” Mantaring said without identifying the project and citing a non-disclosure agreement.
She said the second infrastructure investment was also looking for opportunities in the Public-Private Partnership program of the government.
