BusinessWorld E-paper
November 7, 2023
THE PHILIPPINE government has finalized the implementing rules and regulations (IRR) for its first-ever sovereign wealth fund, less than a month after it was suspended to supposedly improve the fund’s organizational structure.
“The IRR of the Maharlika Investment Fund (MIF) has been fi-nalized. Upon approval, we’ll swiftly establish the corporate structure, getting the MIF up and running,” President Ferdinand R. Marcos, Jr. said in a Palace statement on Mon-day.
