MANILA -- Philippine business groups on Monday attacked a plan backed by President Ferdinand Marcos Jr. to establish a 275-billion peso ($4.9 billion) sovereign wealth fund.
Economy
Philippine businesses attack Marcos sovereign wealth fund plan
Officials defend Maharlika Investments Fund, saying it won't be like 1MDB
Relatives of Philippine President Ferdinand Marcos Jr. last week filed a bill in Congress seeking to create a sovereign wealth fund. (File photo by AP)
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