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MANILA, Philippines — After hitting pause on the implementation of the Maharlika Investment Fund, President Ferdinand “Bongbong” Marcos Jr. on Thursday encouraged business leaders in Saudi Arabia to invest in the country’s newly created sovereign wealth fund.
MANILA, Philippines — President Marcos yesterday suspended the implementation of the sovereign wealth fund or Maharlika Investment Fund (MIF) to further study its implementing rules and regulations (IRR) and ensure that safeguards are in place “for transparency and accountability.”
Finance Secretary Benjamin Diokno asked Japanese banks to invest in the Philippines’ infrastructure projects at the sidelines of the 2023 Annual Meetings of the World Bank and International Monetary Fund (WB-IMF) in Marrakech, Morrocco.
The decision to suspend the implementation of the Maharlika Investment Fund (MIF) Act is welcome news for all Filipinos and for our vulnerable economy.
State-run Development Bank of the Philippines on Wednesday confirmed the suspension of the implementation of the Maharlika Investment Fund (MIF).
MANILA, Philippines — President Ferdinand Marcos Jr. temporarily halted the implementation of the controversial Maharlika Investment Fund pending further study of its Implementing Rules and Regulations (IRR).
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, will likely raise the policy interest rate by 25 basis points in its November meeting, Governor Eli Remolona said Wednesday.
Finance Secretary Benjamin Diokno asked the World Bank and other multilateral development banks (MDBs) to provide more concessional financing for low and middle-income countries.