President Ferdinand Marcos Jr. on Wednesday asked foreign businessmen “to explore” the Philippines as a destination for investment.
“We have also recently launched our own sovereign wealth fund, the Maharlika Investment Fund. The fund is designed to consolidate investible funds from government financial institutions to further drive economic development through strategic investments both domestically and overseas,” he added. “Our growth story is underpinned by a strong domestic demand and increasing fixed capital investment as a result of upbeat domestic activity and improved business confidence. We are a large market. We are comprised of 110 million consumers whose demand helps fuel our current and future growth,” he said.
This developed as the Maharlika Investment Corporation, the company that will manage the MIF, is now accepting applications and nominations for membership in its Board of Directors. Meanwhile, Speaker Ferdinand Martin G. Romualdez greeted President Marcos – his cousin — on his 66th birthday, reminding the Philippine leader of “all the good he has done for the country.”