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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

Philippines: Gov’t urged to create ’sovereign wealth fund’

Posted on 04 April 2013

Liberal Party senatorial candidate Ramon Magsaysay Jr. on Wednesday said the government should take risks in creating a Sovereign Wealth Fund (SWF) to sustain the country’s strong financial standing. Magsaysay emphasized that the SWF will not only stabilize the country’s resilient economic growth but will also help expand and boost competition among small and medium enterprises (SMEs) that are said to be responsible for driving innovation in many economic sectors.
“In order for us to sustain our economic advances, we must make our entrepreneurs bigger. There are thousands of entrepreneurs and SMEs all over the countryside. Many of them are doing well but they lack necessary financial requirements to further improve their businesses,” Magsaysay said………………………………………..Full Article: Source


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