The Philippines’ first sovereign wealth fund was signed into law in July 2023 through Republic Act No. 11954, establishing the Maharlika Investment Corporation (MIC)—the state-run entity tasked with ...

(Bloomberg) -- The Philippines has moved closer to setting up a sovereign wealth fund after the House of Representatives approved a measure pushed by President Ferdinand Marcos Jr., just over two ...

(Bloomberg) -- The Philippines’ sovereign wealth fund will acquire a 20% stake Synergy Grid & Development Phils. Inc., giving the government a say in the management of the China-backed grid ...