First Lady Lisa Araneta-Marcos and the administration’s top economic managers flew yesterday with the President in his “sales pitch” for the soon to be created sovereign wealth fund of the Philippines. These economic missions take place even while the creation of the proposed sovereign wealth fund is still being crafted at the legislative mills of the 19th Congress. To clearly prescribe its purpose, Medalla pointed out, the proposed sovereign wealth fund should really bankroll development projects for the country. Who would still oppose the sovereign wealth fund if spent for the development of the country? But sovereign guarantee remains a big concern as far as methinks.

Source: Philippine Star January 16, 2023 03:57 UTC