| A former lawmaker is urging the Aquino administration to set up a sovereign wealth fund (SWF) patterned after Singapore and China to help small and medium enterprises (SMEs) expand and boost the country’s resilient economic growth.
Ramon Magsaysay Jr. said in a round table discussion with editors and reporters of The STAR that the establishment of a SWF by the government would help the Philippines boost the competitiveness of SMEs. From being number two in the 1950s and 1960s, he pointed out that the Philippines is now in the lower part among its peers like Singapore, Thailand and Indonesia...............................................Full Article: Source
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