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Why the Philippines’ Sovereign Wealth Fund is Controversial

Por: Time World December 16, 2022

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As 2022 draws to a close, lawmakers in the Philippines are pushing for the establishment of a sovereign wealth fund to purportedly help the country finance future economic development. President Ferdinand Marcos Jr. had called for the immediate enactment of the fund’s implementing bill, which was initially proposed on Nov. 28. A revised version of the bill was passed by the House of Representatives on Thursday, just before Congress goes on... + full article



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