MANILA -- Philippine President Ferdinand Marcos Jr.'s economic team on Friday urged lawmakers to swiftly pass a controversial bill seeking to establish a sovereign wealth fund despite opposition from the business community and other sectors over financial and corruption risks.
"We, the economic managers of the Marcos Jr. administration, strongly support the creation of the Maharlika Wealth Fund as a vehicle to move forward the agenda for prosperity and achieve the economic goals of the administration," Finance Sec. Benjamin Diokno said in a news conference.
