MANILA: Philippine President Ferdinand Marcos Jr has enacted a measure creating what will be the nation’s first-ever sovereign wealth fund envisioned to help further boost one of Asia’s fastest-growing economies.
To its advocates, the Maharlika Investment Fund is a “vehicle for growth” by channelling funds from state banks and government-owned corporations into investments and infrastructure spending.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
