Exhibit 99.2

JOINT FILING AGREEMENT

The undersigned hereby agree that the Statement on the Schedule 13D filed herewith (and any amendments thereto), relating to the Common Shares, par value 1 and 2/3 Philippine Pesos per share, of PSi Technologies Holdings, Inc. is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act of 1934, as amended, on behalf of each such person.

Date:  December 31, 2008

MERRILL LYNCH GLOBAL EMERGING	BANK OF AMERICA CORPORATION
MARKETS PARTNERS, LLC
	By: /s/ Lucille E. Reymann
By:  Merrill Lynch Global Emerging	Name:  Lucille E. Reymann
Partners, L.P.,	Title:  Senior Vice President
as its Managing Member
	MERRILL LYNCH & CO., INC.
By:  Merrill Lynch Global Capital L.L.C.,
as its General Partner	By: /s/ Frank J. Marinaro
	Name:  Frank J. Marinaro
By: Merrill Lynch Global Private Equity,	Title:  Authorized Signatory
Inc.,
as its Managing Member	MERRILL LYNCH GROUP, INC.
By:  /s/ Douglas P. Madden	By:  /s/ Frank J. Marinaro
Name:  Douglas P. Madden	Name:  Frank J. Marinaro
Title:  Assistant Secretary	Title:  Authorized Signatory*
MERRILL LYNCH GLOBAL EMERGING	ML IBK POSITIONS, INC.
MARKETS PARTNERS II, LLC
	By:  /s/ Douglas P. Madden
By:  Merrill Lynch Global Emerging	Name:  Douglas P. Madden
Partners, L.P.,	Title:  Assistant Secretary
as its Managing Member
	MERRILL LYNCH GLOBAL PRIVATE
By:  Merrill Lynch Global Capital L.L.C.,	EQUITY, INC.
as its General Partner
	By:  /s/ Douglas P. Madden
By:  Merrill Lynch Global Private Equity,	Name:  Douglas P. Madden
Inc.,	Title:  Assistant Secretary
as its Managing Member
	MERRILL LYNCH GLOBAL CAPITAL, L.L.C.
By:  /s/ Douglas P. Madden
Name:  Douglas P. Madden
Title:  Assistant Secretary	By:  Merrill Lynch Global Private Equity,
	Inc.
	Its Managing Member
	By:  /s/ Douglas P. Madden
	Name:  Douglas P. Madden
	Title:  Assistant Secretary

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MERRILL LYNCH GLOBAL EMERGING

MARKETS PARTNERS,

L.P.

By:  Merrill Lynch Global Capital, L.L.C.

                    Its General Partner

By:  Merrill Lynch Global Private Equity,

                    Inc.

                    Its Managing Member

By:  /s/ Douglas P. Madden

Name:  Douglas P. Madden

Title:  Assistant Secretary

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