Japan financial firm ‘keen’ on MIF investment–Speaker | Jovee Marie de la Cruz

A RANKING official of one of Japan’s leading financial institutions has expressed strong interest in the proposed Maharlika Investment Fund and its potential to help the Philippine power sector, according to Speaker Ferdinand Martin G. Romualdez.

“It was during our conversation that he expressed strong interest and in the possibility of investment in the proposed sovereign wealth fund, particularly for the power sector,” Romualdez said. According to Romualdez, the interest in the proposed Maharlika Investment Fund shown by the Japanese senior financial official, whom he did not identify, is significant because he played a key role in setting up Indonesia’s own sovereign wealth fund known as INA .

The Speaker said that according to the Japanese official, the growth prospect of the proposed Maharlika Investment Fund is “potentially higher” compared to INA.

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