"It’s always the right time," Balisacan, the Marcos administration’s chief economist, told reporters on Saturday.
The National Economic and Development Authority was asked if the economic conditions, given the looming global recession and high interest rates, were appropriate to establish the Maharlika Investment Fund , which could be tapped to finance the country’s economic development in the future. The proposed measure seeks to maximize the investible funds of state-run financial institutions and ultimately increase public funds for nation-building.
"I think the primary consideration here now is our need for vehicles that will attract investment funds, which we can use for our development needs," Balisacan said.
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