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.
Economy
Marcos team urges on Philippine wealth fund bill amid criticism
Latest version does not require employee pension fund contributions
Philippine Finance Secretary Benjamin Diokno says plans for the central bank to contribute to a proposed sovereign wealth fund are not an assault on the bank's independence. © Reuters
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