Marcos presents Maharlika Investment Fund to Saudi business leaders

President Ferdinand Marcos Jr. on Thursday boasted how the Philippines' first sovereign wealth fund can make the country's economy more globally competitive.

"We look forward to benefiting not just from Saudi investments, but also from the Kingdom's extensive experience in managing such funds," he added. He clarified reports the controversial fund was put on hold, saying the suspension was only meant to" ways to make it as close to perfect and ideal as possible."

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Marcos orders suspension of Maharlika Investment Fund IRRThe memorandum suspending the IRR was addressed to the Bureau of Treasury and the CEOs of state-run Land Bank of the Philippines and the Development Bank of the Philippines.
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Marcos: Maharlika Investment Fund not on holdPresident Ferdinand 'Bongbong' Marcos Jr. on Thursday clarified that the Maharlika Investment Fund (MIF) was not put on hold, saying the government is still working to have it operational within the year.
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Marcos pushes Maharlika Investment Fund in Saudi ArabiaPresident Ferdinand 'Bongbong' Marcos Jr. on Thursday pushed for the Maharlika Investment Fund among business leaders in Saudi Arabia.
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