MSEditorial Will Maharlika get off the ground?
Sometimes the noblest intentions do not necessarily end up with spectacular results. Or even just popular acceptance.We’re referring to House Bill 6398, or the Maharlika Investment Fund, filed last week by Speaker Martin Romualdez and five other lawmakers, which seeks to establish a P275-billion sovereign wealth fund that can be tapped for investments here and abroad to support economic development projects.
He also cited Singapore and Indonesia as countries that have successfully used their sovereign wealth funds. But the Maharlika investment fund did not find favor with critics who began to raise serious questions.
Indonesia Berita Terbaru, Indonesia Berita utama
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