AsianInvesterAsianInvesterAsianInvester

Philippines' SWF gets go-ahead amid fierce opposition

Richard Newell
With no commodity-based or government surpluses to invest, some are questioning why the Philippines needs a sovereign wealth fund. Its proponents say it will ensure state funds are invested for the best return.
Philippines' SWF gets go-ahead amid fierce opposition

Lawmakers in the Philippine House of Representatives last week approved a Senate bill allowing for the establishment of the Maharlika Investment Corporation (MIC), the body that will manage the Philippines' new Maharlika Investment Fund (MIF). Philippines president Ferdinand ‘Bongbong’ Marcos signed off on the bill on June 1.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.