[ANALYSIS] Marcos at Davos: Economic lies and cherry-picking galore

Marcos himself said little about his pet Maharlika Investment Fund, with his delegation pitching to a crowd of at most 15 people.

4.1%

. This suggests that even if more people are back at work, more than 7 million Filipino workers are still not getting enough pay, especially with high inflation squeezing most people’s wallets and bank accounts these days.Marcos also boasted that “we have the youngest workforce in Asia” with the average age of the Filipino worker at 23.5 years old. Marcos added that “that is a huge demographic dividend.”years refers to the median age of Filipinos at large .

But aside from giving verbose answers to questions posed at him, Marcos was also quite incoherent at times. Consider this excerpt: So in the end, the President and his huge contingent flew thousands of kilometers to an expensive Alpine ski resort town, spending millions of pesos of taxpayers’ money, to spew ill-formed words that ultimately won’t mean a thing for ordinary Filipinos back at home.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

rapplerdotcom /  🏆 4. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mining sector earnings also eyed to fund MaharlikaThe Philippines—one of the most mineral-rich countries in the world—plans to unlock potential gains from the reopening of the mining industry to help bankroll President Marcos’ plan to set up a sovereign wealth fund. | philbizwatcher /PDI
Read more »

Morgan Stanley exec thinks Maharlika Wealth Fund will be good in the long runA high-ranking executive from multinational investment firm Morgan Stanley believes that the administration’s controversial proposed Maharlika Wealth Fund is interesting as it will be able to attract many investments in the long term, Malacañang said.
Read more »

Mark Villar: Experts at Davos meet gave PH ‘good’ inputs for tapping Maharlika fund’s potentialMANILA, Philippines — The Philippines received "good" advice from experts regarding the proposed Maharlika Investment Fund (MIF) during President Ferdinand Marcos Jr.’s trip to
Read more »

BSP dividends dropped as Maharlika fund source in 'reengineered' version, says SalcedaThe proposed Maharlika Investment Fund (MIF) approved by the House of Representatives underwent revision during the Christmas break, Albay Representative Joey Salceda said Friday.
Read more »

Barbers say these 2 industries could be tapped to jumpstart Maharlika fundIf Surigao del Norte 2nd district Rep. Robert Ace Barbers would have his way, he would allow the use of funds generated by both the mining and tourism industries to jumpstart the proposed Maharlika Investment Fund (MIF).
Read more »

Marcos taps ICTSI's Consing as adviser on investment, economic affairsEmilio Pascua will replace Rafael 'Joel' Consing Jr. as ICTSI chief financial officer.
Read more »