MSEditorial Eyes and ears up for WEF echoes Many have their eyes and ears at the ready for echoes from the five-day World Economic Forum in Davos, Switzerland ending on Friday where President Ferdinand Marcos Jr., invited to the gathering, plans a “--
ending on Friday where President Ferdinand Marcos Jr., invited to the gathering, plans a “soft launch” for his planned sovereign wealth fund.
Pimentel called tackling the Maharlika Investment Fund at this point is premature since the bill creating it “is not well thought of and it is not well written.” “I will draw attention to our efforts at building resilient infrastructure that bolsters our effort to reinforce robust and resilient supply chains, ensures food security, including critical inter-linkages with the health and nutrition sectors, while furthering climate-friendly, clean, and green energy to power the Philippine economy,” he said.
The bill allows the fund to maintain an overseas and domestic investment portfolio, including infrastructure projects, enabling the fund to enter into joint ventures.
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