House Speaker Martin Romualdez is predicting that the Philippine Stock Exchange (PSE) would play a bigger role in the country’s development with the potential enactment of the Maharlika Investment Fund (MIF). ManilaBulletin
The Philippine Stock Exchange will get to play a bigger role in the country’s development once the Maharlika Investment Fund or the proposed Philippine sovereign wealth fund is institutionalized, says House Speaker Martin Romualdez.House Speaker Martin Romualdez is predicting that the Philippine Stock Exchange would
Romualdez, the prime mover of the MIF Bill in the House of Representatives, had this to say during the inauguration of the PSE Event Hall on Monday, May 29. “Our strong belief in the important role of capital markets in supporting the national development agenda is also the driving force behind our proposed establishment of the Maharlika Investment Fund,” the House leader said, referring to the proposed Philippine sovereign wealth fund.
Described by proponents as a "vehicle for investments", the MIF seeks to create a new revenue stream for the country by tapping investible funds for investments either here and abroad. The profits from these investments will be used to bankroll big ticket projects.
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