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Explaining the Maharlika Investment Fund

"Our duty is to be able to find viable investments and be able to make it productive." GSIS President and General Manager Jose Arnulfo Veloso disagrees with economists saying the Philippines is not ready for a sovereign wealth fund, explaining that it is their duty as government financial institutions to make their funds productive. The House panel has approved "in principle" the creation of the Maharlika Investment Fund, which aims to maximize the profitability of investible government assets. The funding, initially set at P250-billion, will be pooled from the GSIS, SSS, Landbank, and DBP. Subscribe to One News PH here:    / onenewsph   Find One News PH here: https://onenews.ph Facebook:   / onenewsph   Twitter:   / onenewsph   Viber: https://bit.ly/36uQLSo Telegram: https://t.me/onenewsph

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