President Ferdinand “Bongbong” Marcos Jr. said he was leaving it to Congress to decide on the final form of the proposed Maharlika Investment Fund (MIF).
President Ferdinand “Bongbong” Marcos Jr. said he was leaving it to Congress to decide on the final form of the proposedMarcos said this after House Ways and Means Committee Chairperson Joey Salceda said he and three others were commissioned to “re-engineer” the , and that the President has approved their recommendations.
In an interview with Manila-based reporters here, the President said he was keeping his hands off the proposed sovereign wealth fund for now.“I have no…. Wala akong role muna hanggang ,” he added.would suit the Philippines.“That’s what the legislators are trying to do now to make sure na babagay para sa atin , and it will be good for us. So that’s the process that we’re undergoing,” he added.
President Marcos raised the proposed sovereign wealth fund during his participation at the 2023 World Economic Forum in Davos. Some foreign investors thought that it would beWATCH: President Marcos says Congress is still in the process of determining what kind of a sovereign wealth fund is appropriate for the Philippines.
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