Albay 2nd district Rep. Joey Salceda said Saturday, Dec. 3 that he would welcome further discussion on House Bill (HB) No.6398 or the proposed Maharlika Wealth Fund (MWF) from the upper chamber.
Albay 2nd district Rep. Joey Salceda said Saturday, Dec. 3 that he would welcome further discussion on House Bill No.6398 or the proposed Maharlika Wealth Fund from the upper chamber.This, after presidential sister Senator Imee Marcos aired corcerns over the proposed Philippine sovereign wealth fund amid the current economic hardships.
The Salceda-led TWG had amended HB No.6398 before it was approved by the House Committee on Banks and Financial Intermediaries last Thursday. “A fund that grows faster due to some exposure to high-return foreign investments is better than a smaller and severely constrained fund exclusively investing in domestic investments,” added Salceda.
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