Sovereign wealth fund a magnet for investments

by Catherine S. Valente - Kristina Maralit - Ma. Reina Leanne Tolentino

Jan 17, 2023 12:15 am

(UPDATE) ABOARD THE PHILIPPINE PRESIDENTIAL PLANE: President Ferdinand 'Bongbong' Marcos Jr. will tell the world the Philippines 'is forming a sovereign wealth fund for big investments' when he joins global leaders and top chief executive officers at the World Economic Forum (WEF) in Davos, Switzerland, this week.

Speaking to reporters accompanying him to Switzerland, Marcos said he will pitch the Philippines as an 'investment destination' during the forum.

ON AIR President Ferdinand Marcos Jr. grants an interview to media on board the PR001, which took him and his entourage on Sunday, Jan. 15, 2023, to Davos, Switzerland where he will attend the World Economic Forum with other heads of state. As of press time, Marcos has arrived in Davos. PHOTO BY CATHERINE S. VALENTE

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