bill on final reading on Dec. 15 — or just around two weeks since the idea was first proposed.
It is patterned after the SWFs of dozens of other nations, including Singapore, China, Hong Kong, South Korea, and Malaysia..Initial capital will be sourced from the Bangko Sentral ng Pilipinas , as well as government financial institutions Land Bank of the Philippines and the Development Bank of the Philippines .
An earlier version of the bill included pension funds Government Service Insurance System and the Social Security System as among the sources for the seed capital, but lawmakers decidedSolon urges Congress to clarify role of SSS, GSIS in Maharlika fund
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