GSIS defends PHP1bn investment in Philippine iGaming company DigiPlus

The Government Service Insurance System said it would review its investment policies after scrutiny of its PHP1 billion investment in DigiPlus. Senator Risa Hontiveros said the shares were bought at PHP65.30 and had fallen to PHP13.68; the agency said it would cooperate with oversight bodies and review risk exposure and sector guidelines. The Commission on Audit had reported that GSIS invested PHP2.3 billion across three companies without a proven profitability record over the previous three years.