#maharlikainvestmentfund

[rhk111sblog]

From the very same Kuting who once said that the Price of Rice will be Php 20 per kilo if he becomes President, who overhyped the Maharlika Investment Fund and who said he will build 1 million Houses per Year starting 2023.

Just the usual "Pies in the Sky" which he trying to fool People with, that "Something Good is Coming" even if he consistently failed to do so for two Years now …

[bajajablog]

The Maharlika Investment Fund: Unlocking Economic Potential for the Philippines

Introduction: The establishment of the Maharlika Investment Fund holds immense promise for the Philippines. With a dedicated platform to attract domestic and international investments, the country can experience significant economic growth and development. This essay will delve into the proponent positions, presenting real facts and compelling arguments that demonstrate the potential benefits of the fund.

Enhancing Infrastructure Development: One of the primary advantages of the Maharlika Investment Fund is its ability to finance critical infrastructure projects. With proper funding, the Philippines can address its infrastructure deficit and improve transportation networks, energy systems, and digital connectivity. According to the World Economic Forum, inadequate infrastructure costs the Philippines an estimated 5% of its GDP annually. By attracting investments and channeling them into infrastructure development, the fund can create a more conducive environment for business, spur economic activity, and enhance the quality of life for Filipinos.

Stimulating Entrepreneurship and Innovation: The Maharlika Investment Fund can serve as a catalyst for entrepreneurship and innovation in the Philippines. By providing accessible financing options, particularly for small and medium-sized enterprises (SMEs), the fund can fuel their growth and expansion. This, in turn, will generate employment opportunities and contribute to poverty reduction. According to the Asian Development Bank, SMEs account for over 99% of all registered enterprises in the Philippines and employ approximately 63% of the workforce. By supporting these enterprises through the fund, the country can foster a thriving entrepreneurial ecosystem and spur innovation across various sectors.

Bridging Investment Gaps and Reducing Disparities: One significant advantage of the Maharlika Investment Fund is its potential to bridge investment gaps and reduce regional disparities. The fund can focus on directing investments to underserved regions and sectors, ensuring more equitable development. Historically, certain regions in the Philippines have received more investment inflows, leading to uneven development. By strategically targeting marginalized areas, the fund can stimulate economic growth, create job opportunities, and reduce poverty rates. Furthermore, by supporting sectors such as agriculture, fisheries, and renewable energy, the fund can contribute to sustainable development and inclusive growth across the country.

Unlocking International Investments: The establishment of the Maharlika Investment Fund can also attract foreign direct investment (FDI) to the Philippines. With a dedicated platform and a streamlined investment process, the fund can offer incentives and a favorable investment climate to international investors. This infusion of FDI can bring in new technologies, expertise, and market opportunities, facilitating knowledge transfer and enhancing the competitiveness of local industries. According to the Bangko Sentral ng Pilipinas, FDI in the Philippines reached a record high in recent years, indicating the country's potential to attract international investments. The Maharlika Investment Fund can leverage this momentum and serve as a catalyst for increased FDI inflows, stimulating economic growth and job creation.

Conclusion: The proponents of the Maharlika Investment Fund firmly believe that its establishment will unlock the economic potential of the Philippines. By financing critical infrastructure projects, stimulating entrepreneurship and innovation, bridging investment gaps, and attracting international investments, the fund can contribute to sustainable and inclusive economic growth. However, careful planning, transparent governance, and continuous evaluation will be essential to ensure the effective implementation and success of the fund in driving the country's development agenda.

[thxnews]

PH Energy Sector Piques Interest of Japanese Bank

  The Japan Bank for International Cooperation (JBIC) has expressed interest for energy tie-ups in the Philippines and the Marcos administration's proposed Maharlika Investment Fund (MIF), Malacañang said Thursday. JBIC's planned partnerships with Philippine firms for energy development and interest in the proposed MIF were raised during Marcos' meeting with the bank's Board of Directors led by Tadashi Maeda at Malacañan Palace in Manila on Wednesday. Maeda pitched JBIC's plan to address the liquefied natural gas' (LNG) role as the Philippines' traditional source of power and tap other energy sources such as hydropower, solar and wind. Maeda told Marcos that he had met with Private Sector Advisory Council lead convenor and Aboitiz Group chief executive officer Sabin Aboitiz to discuss JBIC's interest to sign a memorandum of understanding with several Philippine companies including Metro Pacific and San Miguel.   "We have the potential…between Japan and the Philippines to work together,” Maeda, as quoted by the Presidential Communications Office, said, adding that there is a need to identify specific projects to ensure the successful transition to more efficient energy and the development of new technology like hydrogen. The JBIC is seeking investments in renewable energy projects to address the Philippines’ power supply needs, as well as mitigate the effects of climate change in the country, according to a statement posted on state-run Radio Television Malacañang's Facebook page. The JBIC also had a separate meeting with Budget Secretary Amenah Pangandaman to discuss opportunities to accelerate sustainability efforts in the Philippines, in line with the bank's Environment, Social and Governance Policy which outlines its goal to contribute to global carbon neutrality through energy transition. Maeda, in a meeting with Pangandaman, mentioned the JBIC's financing options, which include Green Finance and Social Impact Finance that helped countries fast-track their transition to renewable energy, create waste treatment systems, and establish countermeasures for marine plastic waste.

MIF approval

During the courtesy visit to Marcos, Maeda also congratulated the Philippine government for the Senate and the House of Representatives' approval of the MIF bill which seeks the creation of the proposed sovereign wealth fund. Marcos said his administration is eyeing the establishment of the MIF to attract more investments.   “It’s so that we, the Philippines, can participate in what would be, what is regarded, of course, as an investment for us. It is a necessary infrastructure that we are investing in.” “So, that is the plan for the sovereign fund. We now have to go and look at the design or the structuring of the fund. But it is basically seen as our government participation in projects that, mostly, it will really be in the Philippines," Marcos added.   The proposed MIF is an independent fund that adheres to the principles of good governance, transparency and accountability and shall be sourced from the investible funds of select government financial institutions, from contributions of the national government, declared dividends of the BSP and other fund sources. Under the scheme, the MIF shall be used to invest in strategic and commercial activities in a manner designed to promote fiscal stability for economic development and strengthen the top-performing GFIs through additional investment platforms that will help attain the national government’s priority plans. Maeda said the JBIC wants to know more details about the Philippines' potential and targeted projects, including those in the pipeline, so it could make "more tangible, specific" proposals to upgrade the value of Tokyo and Manila's strategic cooperation. The JBIC is a policy-based financial institution wholly-owned by the Japanese government that conducts lending, investment and guarantee operations. It is also a leading public financial institution in the international financial market. The bank’s main operational principle is to supplement the financial transactions implemented by private financial institutions. The JBIC has supported projects all over the world such as infrastructure, natural resources and renewable energy, with the primary mission of contributing to the sound development of Japan, the international economy and society.   Sources: THX News & Philippine News Agency. Read the full article

[duquemarino]

Philippine President Ferdinand Marcos Jr. is bringing the Maharlika Investment Fund to the World Economic Forum in Davos, Switzerland! He's hoping to make a splash and turn heads with his bold plan! #WEF2021 #MaharlikaInvestmentFund #SovereignWealthFund