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December 6, 2022
Senator Imee Marcos (pic) expressed fright over the proposed creation of a sovereign wealth fund for the Philippines, saying the 1Malaysia Development Berhad (1MDB) scandal that left Malaysia with debt of RM42 billion with yearly repayments of RM30 billion for years to come sent jitters down her spine
December 6, 2022
Relatives of the president who are in Congress introduced a bill patterned after similar funds in neighboring countries.
December 5, 2022
Why does it feel like some powerful mafia is going after our hard-earned pension money?
December 5, 2022
The Department of Finance (DOF) expects the proposed sovereign wealth fund will be passed into law within the first semester next year despite oppositions seeking to block its creation. Finance Secretary Benjamin E. Diokno said on Monday, Dec. 5, said the proposed bill creating the Maharlika W
December 5, 2022
The Philippines' central bank governor has voiced caution over a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand Marcos Jr, saying transparency over its governance would be key.
December 5, 2022
Various business and think tank groups have strongly opposed the planned Maharlika Wealth Fund (MWF), a Philippine government version of a Sovereign Wealth Fund (SWF), stating the proposal under House Bill 6398 will not amount to wealth creation but instead puts at risk peoples’ pension money in a f
December 4, 2022
KUALA LUMPUR, Dec 4 — Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi today blasted Perikatan Nasional (PN) chairman Tan Sri Muhyiddin Yassin for criticising the newly formed...
December 4, 2022
Last Thursday I learned that within just two years, my nest egg that I have plunked into an investment fund had shed 30 percent of its value over just two years.
December 3, 2022
KUALA LUMPUR, Dec 3 — Pakatan Harapan (PH) communications director Fahmi Fadzil today said that Tan Sri Muhyiddin Yassin should stop polemic attacks and outrageous accusations...
December 2, 2022
The proposed P275-billion Maharlika Wealth Fund (MWF) has enough safeguards in it to prevent its embezzlement a la the 2016 1Malaysia Development Berhad scandal or 1MDB scandal in Malaysia. Albay 2nd district Rep. Joey Salceda Albay 2nd district Rep. Joey Salceda made this a