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Showing posts with label maharlika. Show all posts
Showing posts with label maharlika. Show all posts

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