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Philippines still committed to starting sovereign wealth fund this year - president

Philippines still committed to starting sovereign wealth fund this year - president

FILE PHOTO: Philippine President Ferdinand Marcos Jr. delivers his speech during a joint press statement with European Commission President Ursula von der Leyen at the Malacanang Presidential Palace in Manila, Philippines, July 31, 2023. Aaron Favila/POOL via REUTERS./File Photo

19 Oct 2023 07:55AM

MANILA : Philippines President Ferdinand Marcos Jr said on Thursday that the government is still committed to starting operations of a sovereign wealth fund by year-end.

The government is finding ways to make the fund "as close to perfect and ideal as possible," Marcos said in a statement, after suspending the implementation of the fund to ensure safeguards are in place.

Source: Reuters

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