This comes days after the House of Representatives speedily passed the Maharlika fund proposal, certified by President Ferdinand Marcos Jr. as urgent.
MANILA, Philippines – The Philippine Stock Exchange declared its support on Monday, December 19, for the establishment of the Maharlika Investment Fund , even as other business groups and experts questioned earlier versions of the proposal.
“The PSE’s primary mission is to facilitate the flow of capital into more productive and beneficial channels and as a result contribute to efficient capital formation for the country,” the statement read. The amended bill approved by the House instructs the Maharlika Investment Corporation to prioritize investments in government infrastructure and development projects.
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