MANILA -- During a breakfast meeting at the World Economic Forum in Davos in January, Philippine President Ferdinand Marcos Jr. told corporate executives about the reserves his heavily indebted country has sitting in commercial and government banks.
Philippine President Ferdinand Marcos Jr. is promoting the Maharlika Investment Fund with an eye on his legacy, some observers say. © Nikkei montage/Source photo by Yuki Kohara
Asia Insight
Maharlika Investment Fund provides 'make or break' test for Marcos
Amid opposition and historical baggage, president pushes sovereign wealth fund
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