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Manila to tap central bank profits for wealth fund

Philippine lawmakers are looking to tap into central bank profits to seed a proposed sovereign wealth fund, after an earlier plan to use pension funds for the purpose triggered opposition. ....

Manila , Philippines , Indonesia , India , Bangko-sentral , Felipe-medalla , Stella-quimbo , Bloomberg , Maharlika-investments-fund , Representative-facebook , Economy , Phillipines

Russia to spend up to $5.5 billion a year from wealth fund to boost state investment - official

The Russian government will spend up to 400 billion roubles ($5.5 billion) annually from the country's National Wealth Fund in a bid to boost state investment in infrastructure projects and finance its development strategy, a senior official said on Wednesday. ....

Korsunskaya , Orlovskaya-oblast , Russia , Petersburg , Sankt-peterburg , Russian , Andrei-belousov , Alistair-bell , Thomson-reuters-trust-principles , Petersburg-economic-forum , National-wealth-fund , First-deputy-prime-minister-andrei-belousov