Marcos' cousin, son push $4.9bn Philippine sovereign wealth fund

Maharlika Investments Fund eyes Singapore and Indonesia as models

CLIFF VENZON, Nikkei staff writer

MANILA -- Philippine House Speaker Martin Romualdez, the cousin of President Ferdinand Marcos Jr., has filed a bill seeking to establish a 275-billion peso ($4.9 billion) sovereign wealth fund to support the administration's economic agenda.

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