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Jpn, US, Mid East interested in MIF
By Nidz Godino
"Philippines has become very attractive economy to invest into…that's why we're very optimistic and excited…many are already asking about Maharlika," Speaker Martin Romualdez said Japan Bank for International Cooperation (JBIC) as well as United States and Middle East officials are interested in Maharlika Investment Fund after it was signed into law by President Ferdinand Marcos Jr.on July 18,2023.
JBIC "expressed interest" in sovereign wealth fund when delegation of congressmen visited Tokyo during congressional break, according to Romualdez.
He stressed US officials "congratulated" FMJ for signing MIF into law.
"I think Maharlika is starting with more substantial seed capital and there's already various commitments, I think it will be much larger than that," Romualdez noted.
He mentioned Indonesia's investment fund initial $1 billion seed capital, which grew to $230 billion in less than two years.
Romualdez also confirmed he will join Marcos' delegation to Malaysia on July 25-27,2023, and MIF would be included in discussions with Malaysian businessmen.
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