MANILA -- Philippine President Ferdinand Marcos Jr. on Wednesday suspended implementation of the country's first sovereign wealth fund, just months after he signed it into law and lauded the launch to global investors.
Economy
Philippines suspends rollout of its first sovereign wealth fund
President Marcos Jr. now wants to study plan 'carefully' before any launch
President Ferdinand Marcos Jr., center, after signing the Philippines' first sovereign wealth fund into law on July 18. © PPA/AFP/Jiji
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