|
Maharlika Investment Fund
The Maharlika Investment Fund (MIF), also known as the Maharlika Wealth Fund (MWF), is a newly enacted sovereign wealth fund for the Philippines. The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, commercial real estate, and infrastructure projects.The MIF is expected to generate returns that support the government's economic goals, as outlined in the Medium-Term Fiscal Framework, the eight-point Socioeconomic Agenda, and the Philippine Development Plan. Background Legislative process In late November 2022, seven lawmakers in the Philippine House of Representatives, including Martin Romualdez and Sandro Marcos, filed House Bill No. 6398, proposing the creation of a sovereign wealth fund for the Philippines to be known as the Maharlika Wealth Fund (MWF). The fund, if established, would be managed by the Maharlika Investments Corpora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France Castro
Francisca L. Castro (born 1966) is a Filipino educator, trade union activist, and politician. She is a member of the Philippine House of Representatives under the Alliance of Concerned Teachers party-list. In Congress, she is among the principal authors of Republic Act 11466, which increased the minimum monthly salary of nurses in the Philippines. Castro is the former secretary general of ACT. In 2019, she was awarded the Arthur Svensson International Prize for Trade Union Rights for her work organizing teachers and the Febe Velasquez Trade Union Rights Award for her work in defense of trade unions and human rights. Early life and education Castro’s father was a driver and her mother was a housewife. Castro and her four siblings all graduated from public schools. Castro took BSE Math at the Philippine Normal University where she graduated cum laude. She had intended to become an accountant but her family could not afford to send her to a private school. In college, she was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
