The Department of Finance (DOF) has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference.
The Department of Finance has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference.
Resources would primarily come from contributions from the Government Service Insurance System, Social Security System, Land Bank of the Philippines, Development Bank of the Philippines, and national government, he said. The DOF chief, however, said the President will be the one appointing people who will manage the fund.
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