GOVERNMENT Service Insurance System (GSIS) President and General Manager Jose Arnulfo 'Wick' Veloso on Monday said the $1.3 trillion collective assets of the Asean Social Security Association (ASSA) members significantly shapes global capital markets.
GOVERNMENT Service Insurance System President and General Manager Jose Arnulfo 'Wick' Veloso on Monday said the $1.3 trillion collective assets of the Asean Social Security Association members significantly shapes global capital markets.At a press briefing after the opening of the 41st ASSA Conference and Board Meetings, Veloso emphasized that the economic vitality across Asean provides ASSA a strong foundation to enhance social security systems.
He acknowledged the 'tremendous responsibility' in securing these funds considering the rapid transformation of economies, which can either bring more opportunities or challenges, especially in digital economy.The gathering comes as Asean demonstrates remarkable economic resilience, with the Philippines projected to maintain its position as the region's fastest-growing economy, expecting a gross domestic product growth of 5.8 to 6.3 percent in 2024.
Collective Assets Of ASSA Members Shape Global Capital Markets GSIS Chief
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