Pages

Monday, January 30, 2023

Sovereign (maharlika) fund time has not come

It is more fun criticizing

The said proposal seem to be a pet project of the Chief Executive and son    Its legislation and implementation seem to be ill timed:

1.  High level of debt  (P13+ trillion -  $240 billion
2.  Poor investment climate - world wide recession and inflation
3   Losses of of many investment funds, including those of experienced nation

Let us wait for the right time