A high-ranking financial executive from Japan has expressed strong interest investing in the proposed Maharlika Investment Fund, House of Representatives Speaker Ferdinand Martin Romualdez said. | GabrielLaluINQ
“So that’s very good, that we’re getting support ,” he added.
“Usually a sovereign wealth fund attracts a lot of foreign capital because those running the sovereign wealth fund are experts in the field of finance, trade, and banking, known for their probity and their integrity,” he said. Earlier, Romualdez and other House officials filed HB No. 6398 — the original version of HB No. 6608 — a SWF which the government can tap for investments both local and abroad.It initially drew controversy after the original version of the bill included P125 billion worth of funds from the Government Service Insurance System and P50 billion from the Social Security System — stroking fears that pensioners may lose their funds if investments made by the MIF fail.
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