News Snapshot:
First of 3 parts SHRUGGING off the shrill opposition to the setting up of the Maharlika Investment Fund (MIF), which would be the country's first sovereign wealth fund (SWF), President Ferdinand Marcos Jr. said that it was his idea. No wonder his cousin Speaker Martin Romualdez is the principal author of House Bill 6389 which will mandate the setting up of the fund. Of course Marcos didn't pluck the idea out of thin air. Singapore set up its first SWF, Temasek, in 1974 and another one, the Government of Singapore Investment Corp. in 1981, with assets of both estimated at...
