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

Phillipines: Establish sovereign wealth fund (SWF) for SMEs, Magsaysay Jr. urges gov’t

Posted on 05 April 2013

Government must throw caution into the air and take great risks in pushing through with the planned creation of a Sovereign Wealth Fund (SWF) if it is serious in sustaining the country’s strong financial standing, Liberal Party senatorial candidate Ramon Magsaysay Jr. said today.Magsaysay stressed an SWF would not only strengthen the country’s resilient economic growth but expand and boost competition among small and medium enterprises (SMEs).
“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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