Filipinos slam Marcos’ sovereign fund idea amid fears it could end up like Malaysia’s 1MDB

Posted 2022-12-06, South China Morning Post Headlines audio photo

Photo: WN / RTayco

President wants ‘Maharlika Investments Fund’ set up with money from pension funds; many worry such a fund could be used to launder money and embroil nation in a 1MDB-type embezzlement scandal, as in Malaysia. ...... read full story

Photo: Jollibee fast food in a corner location at BGC, Taguig, Philippines.


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