The authors of the Maharlika Wealth Fund claim they started on a wrong foot. Know more:
The truth is that the original proposal was a total disaster.
Now everybody knows a little more on what is a sovereign wealth fund. It is a fund set up by governments enjoying extra budgetary surpluses for investment to achieve long-term economic development goals for the well being of their citizens. Norway, United Arab Emirates and Alaska are often cited as models. Their sovereign wealth funds were organized to take advantage of surplus funds generated by their oil revenues; these funds, in turn, are invested in stocks, bonds and profitable enterprises.
In the case of Russia, the government of Vladimir Putin tried to “correct” the destruction of the public sector of Russia due to the implementation of the IMF-led neo-liberal “shock therapy” in the 1990s. Of course, Russia has huge oil and mineral resources to back up the formation of sovereign wealth funds.
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Maharlika Wealth Fund: Devil is in the details - BusinessWorld OnlineUnlike the Pharmally fiasco and the P200 million SSS thievery back in the day of then President Erap, there are probably sincere objectives for national progress behind the sponsors of the proposed Maharlika Wealth Fund bill. The fact that otherwise admirable Congresswoman Stella Quimbo is so passionately for it indicates this. However, there are too […]
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Enrile questions Maharlika Fund as bill gathers 200 authors in House"Mabuting pag-aralan nang mabuti sapagkat OK lang habang presidente si Presidente (Ferdinand Marcos Jr.). Pero long-term investment ‘yan e. Kailangang magkaroon ng safeguards para hindi mawawaldas gaya ng naunang mga project," Enrile said in a phone interview with GMA Integrated News.
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Minority solon Daza goes from Maharlika fund critic to supporterA member of the House minority bloc has admitted to being swayed by the changes he has seen on the controversial Maharlika Investment Fund (MIF) bill, which majority solons have been aggressively pushing for.
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GSIS and SSS may still invest in Maharlika fund if their boards will allow – lawmakerMANILA, Philippines — The inclusion of the Government Service Insurance System (GSIS) and Social Security System (SSS) in the proposed Maharlika Investment Fund (MIF) would depend on the
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Rep. Richard Gomez expresses support for Maharlika FundTACLOBAN CITY -- Leyte Rep. Richard Gomez has expressed support for the controversial Maharlika Investment Fund (MIF), saying it’s for the country&039;s good. Gomez, representing the
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Speaker on pursuing Maharlika fund: 'We have the political will'House Speaker Martin Romualdez says the legislators of the 19th Congress filed the proposed Philippine sovereign wealth fund because they have the “political will” for it.
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