The Maharlika Fund starts to take shape

by Doris DuMlao-abaDilla Inquirer.net

mANILA – the Ceo of Land Bank of the Philippines (Landbank)—which is mandated to contribute P50 billion to set up maharlika Investment Corp.—is confident that the new law creating the much-debated sovereign wealth fund contains enough safeguards to protect the filipino people’s money.

In a recent interview with i nquirer , Landbank president and Ceo Lynette ortiz also said the maharlika Investment fund (mIf) “should be able to raise equity and debt from international and local investors, and it can consolidate and allocate all that capital to projects and investments that will deliver sufficiently high returns.”