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Philippines: Gov’t considers own sovereign wealth fund

Posted on 18 September 2013

The government may put up its own sovereign wealth fund as a vehicle for investing in the private sector overseas as part of efforts to put the country’s foreign exchange income to better use. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said there was enough foreign exchange liquidity locally to put up a sovereign fund.
“It’s a concept that can be pursued. Sovereign wealth funds can invest in different asset classes and even (government) projects abroad,” Tetangcosaid………………………………………..Full Article: Source


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