Neda chief backs Maharlika fund to help sustain economic growth

MANILA, Philippines --- Secretary Arsenio Balisacan, chief of the National Economic and Development Authority (Neda), backs the proposed Maharlika Investment Fund (MIF) as it would help the country sustain its growth. "With the Marcos Administration's Economic Team members, I reiterate my strong support for creating the Maharlika Investment Fund as a complementary vehicle to help us attain the objective of rapid but inclusive and sustainable economic development," Balisacan said at the "Saturday News Forum" in Quezon City on Saturday. On Thursday, House Bill No. 6608 -- which creates the sovereign wealth fund --- was approved, with 279 lawmakers voting in the affirmative while ...

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