Page 74 - Development Berhad News Today

Transparency over its governance would be key, says Felipe Medalla citing Malaysia's 1MDB experience.

MANILA — The Philippines' central bank governor on Friday voiced caution over a legislative proposal to create a sovereign wealth fund overseen by

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla is not too keen on the central bank investing in the proposed Maharlika Wealth Fund as its risky endeavor may also affect the independence of the central bank if the law includes the use of the country’s US dollar reserves. He cited as e

The country is buried in a record high P13.52 trillion debt, and the global investment climate is currently risky, with the International Monetary Fund warning that “the worst is yet to come” for the global economy in 2023.

Bangko Sentral ng Pilipinas is strongly opposing plans to include the country’s foreign exchange buffer in the proposed P250-billion sovereign wealth fund.

Senator Risa Hontiveros on Friday, December 2 raised concerns that the proposed Maharlika wealth fund bill is nothing but a revival of the legacy left by the Martial Law dictatorship. “Makarinig lang ako ng salitang Maharlika, medyo nagkakaheebie-jeebies din ako diyan eh (Just hearing the word

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Me

KUALA LUMPUR, Nov 30 — The Attorney General’s Chambers (AGC) today confirmed that it is not appealing against the High Court ruling to return to Datuk Seri Najib Razak and his...

Foreign business groups in the country are keenly watching the proposed creation of a Maharlika Wealth Fund, a Philippine sovereign wealth fund, being pushed in the Lower House. “We are following it with great interest,” said Lars Wittig, president of the European Chamber of Commerce of the Philip

But lo and behold! Here comes another “Maharlika” being cooked by the 19th Congress.