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Marcos Suspends Philippine Wealth Fund Pending Further Study

(Bloomberg) Philippine President Ferdinand Marcos Jr. has suspended the implementation of the law creating the country’s first sovereign wealth fund pending further study, according to the head of one of the state banks mandated to provide initial capital.Most Read from BloombergHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameIsrael Latest: Biden ‘Deeply Saddened’ Over Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir ....

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