President Ferdinand “Bongbong” Marcos Jr. kept the doors open for new suggestions on how to customize the proposed sovereign wealth fund to the country’s needs. | philbizwatcher
ZURICH — President Ferdinand “Bongbong” Marcos Jr. kept the doors open for new suggestions on how to customize the proposed sovereign wealth fund to the country’s needs.
“The more we study it, the more it’s clear that although the sovereign wealth funds around the world have the same name, they’re all very different. They’re different in purpose, they’re different in methodology and of course, they operate in a different context of law,” Marcos said in a press briefing on Friday at the end of his week-long participation at the World Economic Forum meetings.
In a chance interview with the media, House Speaker Martin Romualdez, who was part of the Philippine delegation, said the Maharlika fund became a “topic of discussion and interest” during their meetings with global investors.
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