Philippines to tap mining revenues for Maharlika Investment Fund

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The Philippines plans to harness the mining industry to help support the creation of a sovereign wealth fund, Finance Secretary Benjamin Diokno said. | philbizwatcher /PDI

DAVOS – The Philippines plans to harness the mining industry to help support the creation of a sovereign wealth fund, Finance Secretary Benjamin Diokno said.

As the 18-member government delegation to the World Economic Forum annual meetings started the global pitch for the Maharlika Investment Fund , Diokno explained on Tuesday that the sovereign wealth fund concept was just “ordinary” in other countries that draw from such funds to flesh out long-term investments. For instance, oil-rich countries use excess money from their oil sales for such fund.

The Philippine mining industry contributed ₱102.3 billion to the domestic economy in 2020 despite the challenges posed by the COVID-19 pandemic, the Mines and Geosciences Bureau of the Department of Environment and Natural Resources earlier estimated.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Philbizwatcher Selling our natural resources to China does us No- Good at all .... another 'Joke-No' Legacy? Grrrrrr

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Air finance summit tackles jet shortages amid China travel thawFinanciers at the center of a $200-billion industry underpinning worldwide airline fleets are meeting in Dublin, gambling that China’s long-awaited decision to free travel will accelerate their recovery while warning of a shortage of jets. | Reuters
출처: inquirerdotnet - 🏆 3. / 86 더 많은 것을 읽으십시오 »