‘Maharlika Investment Fund’: Good idea or not? - BusinessMirror

A sovereign wealth fund is an investment fund, a state-owned pool of money, with funding coming from surplus reserves from state-owned enterprises, reserves from budgeting excesses, foreign currency operations, and money from privatizations that is invested in various financial assets.

House Bill 6398 will establish the “Maharlika Investment Fund” , the purpose of which is to “generate consistent and stable investment returns with appropriate risk limits to preserve and enhance long term value of the Fund, obtain the best absolute return and achievable financial gains on its investments, and to satisfy the requirements of liquidity, safety/security, and yield in order to ensure profitability.

We have some concerns about funding coming from “public borrowing, among others” and “other investments.”

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Arroyo: Marcos ultimately accountable for proposed Maharlika Investment Fund“The success of any fund, sovereign or private, lies in the quality of its management.  In the current version of the Maharlika Wealth Fund, the President of the Philippines chairs its governing Board,” Arroyo said.“This is a powerful statement that the highest official of the land will hold himself as ultimately accountable to the Filipino people for the performance of the Fund,” she added. Daming Poncio Pilato. Pero pag nakuha na ang pondo, lahat sila naka abang sa pinto ng San Miguel. How can we trust the President with our pension if he himself can not be accounted for paying his taxes? By the way, look who's talking! Do you have the credibility to talk about accountability? Salamat Garci?
Source: gmanews - 🏆 11. / 68 Read more »