Economist-solon Albay 2nd district Rep. Joey Salceda is confident that the proposed Maharlika Investment Fund , once enacted, would give the Philippine stock market a shot in the arm.
“The government also wants to have the MIF listed in the stock market, as a market development measure," said Salceda, who late last year chaired the technical working group that drafted the House version of the MIF charter. "There are only 286 listed companies in the Philippine Stock Exchange and MIF would immediately cause waves once listed," reckoned the House Committee on Ways and Means chairman.
"Plus, it has environmental and social governance structures embedded in its charter. So, on ESG ratings, it should do well," the Bicolano said.