“Right now, there’s a lot of volatility, so even if we have some level of comfort with our foreign exchange reserves, we must still build our reserves,” he tellsThe Philippines doesn’t have surplus funds needed for a sovereign wealth fund.
“For a sovereign wealth fund to exist, an essential feature is that the sovereign or the country has a huge surplus or an excess, resulting from mineral resources, booming extractive industries, or strong export performance,” Mr. Sta. Ana explained.Despite the country’s foreign exchange reserves being relatively comfortable at the moment, the level is still insignificant compared to countries with bigger reserves.
BSP’s reserves must be built because of the volatility in the present environment. Meanwhile, its profits are already being translated into dividends for the national government, with or without the BSP’s explicit participation.
Ask your Congressman about this.....?
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The red flags raised by the Maharlika Investment FundListen to this episode from BusinessWorld B-Side on Spotify. The Maharlika Investment Fund is plagued by problems including bad timing, unfulfilled requirements, and governance red flags, according to economist and Action for Economic Reform convener Filomeno S. Sta. Ana III. “Right now, there’s a lot of volatility, so even if we have some level of comfort with our foreign exchange reserves, we must still build our reserves,” he tells BusinessWorld report Brontë H. Lacsamana in this B-Side episode. Recorded remotely on Dec. 8, 2022. Produced by Joseph Emmanuel L. Garcia and Sam L. Marcelo. Ang daming red flags, but no red-taggers......
La source: bworldph - 🏆 9. / 68 Lire la suite »
Philippine Stock Exchange backs proposed Maharlika Investment FundThis comes days after the House of Representatives speedily passed the Maharlika fund proposal, certified by President Ferdinand Marcos Jr. as urgent.
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »
PSE backs creation of Maharlika Investment Fund - BusinessWorld OnlineTHE Philippine Stock Exchange, Inc. (PSE) voiced its support for the proposed creation of the Maharlika Investment Fund (MIF), saying that it would help develop the country’s capital markets. PSE President and Chief Executive Officer Ramon S. Monzon said in a statement that the local bourse operator is in favor of House Bill (HB) No. […] LBP and DBP suffers in this, but PSE benefits with the creation of another government fund and addition of a new PSE player, a big one at that. PSE President Monzon is a crony of Marcos. Marcos entrusted a lot of things to this guy when they flew out of the country during the 80’s. Will they be transparent with the real performance of the fund? If they don’t PSE’s reputation will suffer.
La source: bworldph - 🏆 9. / 68 Lire la suite »
Why 6 House lawmakers voted no to the Maharlika Investment Fund billThey oppose the Maharlika fund due to corruption and investment risks, economic challenges, and how the bill was railroaded through the House of Representatives. MIF - IT'S Marcos Governmental Corruption Agenda Who is going to monitor The Monetary 💰💸💵 transactions Potential stealing of 💰💸💵 IT'S BUCK WILD CORRUPTION MARCOS MUKHANG 💰💸💵🤑 mga kakampi ni Joma ang mga yan..nagluluksa pa ngayon ang mga yan The 6 were defending the people, while 279 nag sariling sikap...
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »
There is transparency in Maharlika Investment Fund, says RomualdezICYMI: Amid doubts from the public, Speaker Martin Romualdez gave the assurance that the Maharlika Investment Fund has a provision that ensures transparency regarding financial matters to prevent its misuse. Yeah right ! Knowing that it’s a Marcos Romualdez tandem Honesty and Trust is in question. Unreliable partnership that will skin Philippine economy. God spare Philippines with these evils🙏🏻. In businessmen and politician’s world, there’s no such thing as transparency..everything can be manipulated even biggest companies do that..checK ENRON.. it’s one of the worst scam ever in US.. PWEH! As transparent as MUD! 🤬🤬🤬
La source: inquirerdotnet - 🏆 3. / 86 Lire la suite »
Balisacan: Maharlika Investment Fund ‘appropriate at this time’Socioeconomic Planning Secretary Arsenio Balisacan believes that the establishment of a sovereign wealth fund is appropriate despite the risks of a global recession and high interest rates.
La source: gmanews - 🏆 11. / 68 Lire la suite »