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Biz groups oppose creation of Maharlika Wealth Fund

Business, think tanks reject planned Maharlika Wealth Fund

Various business and think tank groups have strongly opposed the planned Maharlika Wealth Fund (MWF), a Philippine government version of a Sovereign Wealth Fund (SWF), stating the proposal under House Bill 6398 will not amount to wealth creation but instead puts at risk peoples’ pension money in a f

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