President Ferdinand 'Bongbong' Marcos Jr. on Monday said the proposed Maharlika wealth fund will make investments in the basic areas of agriculture, energy, digitalization and climate change.
President Ferdinand Marcos Jr. talks to reporters while on a plane on the way to Switzerland on Monday, Jan. 16, 2023. JP SORIANO
The announcement was seen as a renewed effort by the government to attract more investments in the country and to create more economic opportunities. Marcos hopes that the wealth fund will be a mechanism to increase the country's economic stability and alleviate poverty.Marcos will bring up the sovereign wealth fund"It's really more of a soft launch, to introduce it," Sorreta said during a press briefing.
This conversation will give chief executive officers and global business leaders the opportunity to ask the President questions directly. He believes that engaging with these leaders will be the most effective way to attract investors to the Philippine economy.
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