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Senator Sherwin Gatchalian said he believes the privatization of key government assets is a more logical source for the proposed Maharlika Investment Fund (MIF).
Gatchalian said doing this would shield key financial institutions, particularly the Bangko Sentral ng Pilipinas (BSP), from potential
Taking in the investment arms of multilateral lenders such as the World Bank and the Asian Development Bank as strategic partners will likely boost the attractiveness of the proposed Maharlika Investment Fund, according to Bangko Sentral ng Pilipinas Governor Felipe Medalla.
Bankers vowed to work against speculative activities in the foreign exchange market that tend to distort prices and hurt the economy, according to the Bankers Association of the Philippines.