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Marcos presents Maharlika Investment Fund to Saudi business leaders

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President Ferdinand Marcos Jr. boasted how the Philippines' first sovereign wealth fund can make the country's economy more globally competitive.

President Ferdinand Marcos Jr. on Thursday boasted how the Philippines' first sovereign wealth fund can make the country's economy more globally competitive.

"We look forward to benefiting not just from Saudi investments, but also from the Kingdom's extensive experience in managing such funds," he added. He clarified reports the controversial fund was put on hold, saying the suspension was only meant to" ways to make it as close to perfect and ideal as possible."

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