‘Maharlika Investment Fund to fill in gap when PHL as upper middle-income country loses official development assistance’ | Jasper Y. Arcalas

THE proposed Maharlika Investment Fund will allow the Philippines to expand its financing sources, especially when it becomes an upper-middle income state, a status that restricts it from tapping “less expensive” Official Development Assistance .

“On the ODA, the Philippines will soon graduate to be an upper middle-income country , and as such will cease to be eligible [for] the relatively less expensive ODA which are only available to less developed countries,” Diokno explained in a statement on Sunday. He reiterated that the MIF will widen the national government’s fiscal space, allowing it to develop more “large priority” projects at faster scale and boost investments in other key areas of the economy.

“As a result of the scarring effect of the pandemic, upskilling and retraining of our young population have high social and economic payoff. In an aging world population, our young people—tech-savvy, easily trainable, and mostly English speaking—are our most formidable asset.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 investment trends to watch out for in 2023In 2023, the headwinds from slowing growth and higher rates that have been plaguing investors will remain key market drivers. But while the cyclical outlook remains a major challenge, we are starting
Source: inquirerdotnet - 🏆 3. / 86 Read more »

SEC warns against six investment-taking entities - BusinessWorld OnlineTHE Securities and Exchange Commission (SEC) has warned the public against investing in six companies — Webmining, Oyala, BKC Trading, Winvest, Mazama, and Meta Trade — as they have not secured a license to offer securities. In an advisory, the SEC said Webmining has been enticing investors through social media in its six investment plans […]
Source: bworldph - 🏆 9. / 68 Read more »

Pasig LGU logs higher capital investment, business transactions in Jan. 2023Pasig City is off to a good start in 2023 as the local government recorded higher capital investments and more business transactions during the business processing season in January, 2023.
Source: manilabulletin - 🏆 25. / 51 Read more »