The proposed Maharlika Wealth Fund (MWF) has officially made its global debut after President Ferdinand “Bongbong” Marcos Jr. said that it would not just diversify the country’s financial portfolio but also enable it to withstand adverse shocks.
The proposed Maharlika Wealth Fund has officially made its global debut after President Ferdinand “Bongbong” Marcos Jr. said that it would not just diversify the country’s financial portfolio but also enable it to withstand adverse shocks.
“Such a fund is one tool among many in our efforts to diversify our financial portfolio, which includes our existing institutions pursuing investment that will generate stable returns but also welfare effects spanning employment creation, improvement of public service, and a decrease in costs of economic activities,” he said.
The President earlier said that the MWF is aimed at significant investments in essential areas such as agriculture, energy, digitalization, and climate change.
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[B-SIDE Podcast] More red flags raised by the Maharlika Investment Fund - BusinessWorld OnlineFollow us on Spotify BusinessWorld B-Side The current version of House Bill (HB) No. 6608, or the bill seeking to establish the Maharlika Investment Fund (MIF), still raises red flags, says Enrico P. Villanueva, a chief risk consultant and a senior lecturer of economics at the University of the Philippines Los Baños. In this B-Side episode, he tells BusinessWorld reporter […]
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