In the ASEAN, once the Philippines enacts the Maharlika Investment Fund Bill, it would only be Myanmar, Cambodia, and Laos that do not have an SWF. MBOpinions READ:
In the ASEAN, once the Philippines enacts the Maharlika Investment Fund Bill, it would only be Myanmar, Cambodia, and Laos that do not have a SWF.
Meanwhile, the Norway Government Pension Fund Global, the largest sovereign wealth fund in the world, was set up to protect Norway’s economy from fluctuations in oil revenue. The aim of the fund is to ensure that the wealth the country produces from its oil reserves is invested and used responsibly so it can safeguard the country and its citizens’ future even when its oil eventually runs out.
Senator Mark A. Villar, principal author and sponsor of the Maharlika Investment Fund bill, said that based on studies and projections, the Fund may possibly gain 8.64 percent return on equity every year in the next 10 years. The proposed measure will create the Maharlika Investment Corporation that must establish a diversified portfolio of investments in the local and global financial markets and in other assets that promote the objectives of the Fund.
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