Marcos to ‘soft launch’ Maharlika Wealth fund in 2023 World Economic Forum

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ICYMI: President Ferdinand Marcos Jr. will introduce the proposed Maharlika Wealth fund on the world stage during the 2023 World Economic Forum, the Department of Foreign Affairs said.

Sorreta said the WEF will be a “great venue” to “soft launch” the Maharlika Wealth fund, which is yet to secure approval from Congress.

The DFA official said that while Congress is still fine-tuning the proposed law, the President already has a very good grasp of the bill’s “broad strokes” and “what he wants to achieve in whatever form the sovereign wealth fund finally takes.”

 

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