Sun Life investing in 2nd infra project

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. 

“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.