Questions only the Maharlika Investment Fund has the answer to - BusinessWorld Online

cit and burgeoning public debt. Our external payments position due to unfavorable merchandise trade andThe original proponents in the Lower House must have realized this because they attempted atrst to source the funding from the pension funds of both the GSIS and the SSS , something that the Supreme Court in previous rulings considered to be unconstitutional because private property is to be deployed for public use without just compensation.

We are not sure which version would produce such a “complementary vehicle” to rally foreign investments. True, any period, whether tumultuous or calm, is a time to invest as long as there is something to place in fixed-income securities, equities, or even in speculative plays in commodities and metals. Unfortunately, we have none of such surplus funds. And since running the Maharlika will force the government to borrow in a high-interest rate environment, it is best to avoid exposure to highly volatile and uncertain capital markets.

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