Senior Japanese finance exec 'strongly interested' in Maharlika fund —Speaker Romualdez

Speaker Martin Romualdez tells reporters in Tokyo, Japan on Friday, Feb. 10, 2023, that a high-ranking Japanese finance executive is strongly interested in the proposed Maharlika Investment Fund. Romualdez is among the government officials accompanying President Ferdinand Marcos Jr. for an official visit in Japan. IAN CRUZ/GMA Integrated News

“It was during our conversation that he expressed strong interest [in the MIF] and in the possibility of investment in the proposed sovereign wealth fund, particularly for the power sector,” Romualdez told reporters here. Also, Romualdez pointed out that the Japanese senior financial official played a key role in setting up Indonesia’s sovereign wealth fund INA .

Further, the Speaker said that the Japanese official foresees the proposed MIF growth prospect as “potentially higher” compared to INA.“Over 70 countries have it and the batting average is over 90% success. It’s what they call international best practices to have one and that’s why we’re fortunate that we in Congress were able to pass it this fast,” Romualdez said.

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