UPDATE) PRESIDENT Ferdinand Marcos Jr. has vowed that the Philippines’ first-ever sovereign wealth fund will be “well-run,” allaying lingering concerns that it might be prone to abuse and corruption.Marcos on Tuesday signed into law Republic Act (RA) 11954, or the “Maharlika Investment Fund (MIF) Act of 2023,” a pet measure of the administration that is “designed to drive economic development” in the country.In his speech after the signing of the law in Malacañang…
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