Philippine officials on Wednesday said participants at the World Economic Forum (WEF) reacted positively to the proposed sovereign wealth fund that President Ferdinand Marcos Jr. presented in Davos, Switzerland. READ:
Philippine officials on Wednesday said participants at the World Economic Forum reacted positively to the proposed sovereign wealth fund that President Ferdinand Marcos Jr. presented in Davos, Switzerland.President Ferdinand Marcos Jr. and his delegation banner the potential of the Philippines as an investment destination and driver of growth in the Asian region during the Country Strategy Dialogue hosted by the World Economic Forum in Davos, Switzerland.
The bill proposing the establishment of the MIF has already been passed by the House of Representatives and heads to the Senate for debates. “The swift passage of House Bill No. 6608, creating the Maharlika Investment Fund, enabled the President and the Philippine delegation to take advantage of the enormous opportunity to showcase the positive developments in our country and creative strategies to gain growth momentum,” Romualdez said.
The Senate leadership said the MIF is among the priority bills the chamber will work on when Congress resumes session this month. Transportation Secretary Jaime Bautista said chief executive officers of big companies from Asia and Europe were impressed by the country’s growth rate.
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