Maharlika Fund eyed for P8.3-trillion infra projects

Economic managers are already eyeing the returns they expect from the Maharlika Investment Fund as a source of funding for the Marcos administration's big-ticket infrastructure projects, even before the sovereign wealth fund has been signed into law.

“We want the Maharlika Fund to be able to finance some of them, not all of them, okay? We have identified another source of funding for this very important infrastructure project that will make a difference in the landscape of the Philippine economy,” Finance Secretary Benjamin Diokno said. “One thing he [President Ferdinand "Bongbong" Marcos Jr.] noticed was that among ASEAN, among our dynamic neighbors, the Philippines has the lowest number of bilateral trade relations. What the president wants is to rapidly expand that,” he said.

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