Marcos: Maharlika fund will be well-run

By Catherine S. Valente

Jul 19, 2023 9:28 am

(UPDATE) PRESIDENT Ferdinand Marcos Jr. has vowed that the Philippines' first-ever sovereign wealth fund will be 'well-run,' allaying lingering concerns that it might be prone to abuse and corruption.

Marcos on Tuesday signed into law Republic Act (RA) 11954, or the 'Maharlika Investment Fund (MIF) Act of 2023,' a pet measure of the administration that is 'designed to drive economic development' in the country.

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