“I’m confident he would do the same in the WEF, particularly in introducing the Maharlika Wealth Fund to the global stage and helping our local business leaders explore investment opportunities for the Philippines,” he added.
To recall, Romualdez and other House officials filed House Bill No. 6398, which aims to establish the MIF — a sovereign wealth fund that the government can tap for investments locally and abroad.It initially drew controversy after the bill’s original version included P125 billion worth of funds from the Government Service Insurance System and P50 billion from the Social Security System — stroking fears that pensioners may lose their money if investments made by the MIF fail.
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