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maharlika.dof.gov.ph. The Maharlika Wealth Fund (MWF), also known as the Maharlika Investment Fund (MIF), is a sovereign wealth fund for the Philippines which is managed by the Maharlika Investment Corporation (MIC). [1] The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign ...
In December 2005, China donated $20 million to the ADB for a regional poverty alleviation fund; China's first such fund set up at an international institution. [21] In 2009, ADB's Board of Governors agreed to triple ADB's capital base from $55 billion to $165 billion, giving it much-needed resources to respond to the global economic crisis. The ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, [a] is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.
The Fed’s announcement is scheduled for Wednesday, with the overwhelming expectation on Wall Street for a cut to the federal funds rate. The rate has been in a range of 5.25% to 5.50% for over a ...
All 11 S&P 500 sectors edged higher on Friday, led by a 1.2% rise in materials stocks that tracked an increase in the prices of precious metals. Meanwhile, a survey showed U.S. consumer sentiment ...
On May 16, 2022, the Malacañang Palace announced that the President Rodrigo Duterte has signed a law, known as Republic Act no. 11709, that enables a three-year fixed term for key officials of the Armed Forces of the Philippines, such as Chief of Staff of the Armed Forces of the Philippines, the Vice Chief of Staff of the Armed Forces of the ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31 ] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
The Priority Development Assistance Fund (PDAF) was a discretionary fund in the Philippines available to members of Congress.Originally established as the Countrywide Development Fund (CDF) in 1990, it was designed to allow legislators to fund small-scale infrastructure or community projects which fell outside the scope of the national infrastructure program, which was often restricted to ...