SOVEREIGN WEALTH FUND President Marcos signs the Maharlika Investment Fund into law on Tuesday, establishing the nation's first sovereign wealth fund. —PHOTO BY MARIANNE BERMUDEZ MANILA, Philippines — After months of heated debate over its merits, President Ferdinand Marcos Jr. finally signed on Tuesday the law creating his pet P500-billion Maharlika Investment Fund (MIF), with his assurance that it would be managed well and insulated from political influence. Marcos enacted Republic Act No. 11954 during a short ceremony in Malacañang, seven months after he first publicly expressed support for the sovereign wealth fund proposed by lawmakers including his son, House Senior Deputy Majority Leader Sandro Marcos, and cousin, Speaker Ferdinand Martin Romualdez.

https://newsinfo.inquirer.net/1803655/presidents-vow-maharlika-funds-to-be-managed-well

#inquirer