Mining sector earnings also eyed to fund Maharlika

DAVOS, Switzerland---The Philippines---one of the most mineral-rich countries in the world---plans to unlock potential gains from the reopening of the mining industry to help bankroll President Marcos' plan to set up a sovereign wealth fund (SWF), similar to how oil-producing nations invest excess earnings for future generations. This was disclosed by Finance Secretary Benjamin Diokno on Tuesday as the 18-member government delegation to the annual meetings of the World Economic Forum (WEF) started the international pitch for an SWF, to be called the Maharlika Investment Fund (MIF), whose enabling legislation breezed through the House of Representatives in December despite concerns...Keep on reading: Mining sector earnings also eyed to fund Maharlika

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