As he concluded his five-day official working visit to Tokyo, President Ferdinand “Bongbong” Marcos Jr. said three Japanese financial institutions had expressed interest in the proposed Maharlika Investment Fund (MIF).
As he concluded his five-day official working visit to Tokyo, President Ferdinand “Bongbong” Marcos Jr. said three Japanese financial institutions had expressed interest in the proposed Maharlika Investment Fund .
He, however, refused to identify the organizations that pledged to back the country’s proposed sovereign wealth fund. The MIF is seen to bolster economic activity and provide funding for critical infrastructure projects in the country. The government first introduced it to the world stage during the President’s attendance at the World Economic Forum in Davos, Switzerland, last month.
“That’s why we keep on doing this… the Japanese have been very forward-looking, in a sense na meron talaga silang mga pinaplano that are very new, taking advantage [of] the new technologies,” he said.
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