GSIS goes local

GSIS has PHP32 B in offshore investments. They have recently announced plans to move those funds to local vehicles paying special attention to companies in priority sectors. The setors mentioned included energy, power, telecoms, retail. I'm not exactly sure what they mean by the consumer sector but that's included as well. If they mean consumer goods like food, beverages and clothing it means the GISIS is looking at nearly everything.

I'd like to assume that the GSIS will choose investments prudently instead of engaging in a misguided show of nationalism.
The GSIS is hoping the Public Private Partnership (PPP) bonds will provide better returns. That would be good news for us once we actually have a PPP project to fund. for now we only have plans.