During a Senate hearing on Monday, NDC General Manager Antonilo Mauricio backed the proposal to establish a sovereign wealth fund, saying the government is on the right track to pursue the investment vehicle.
“NDC may focus on investment gaps, including support for MSMEs , complementary to the Maharlika fund if it does push through,” he said. He also said NDC’s Startup Venture Fund, together with the Department of Trade and Industry, can continue supporting the innovation and startup development ecosystem.