Business investors, who attended the 2023 World Economic Forum in Davos, Switzerland, backed the controversial Maharlika Investment Fund bill, according to Senator Mark Villar.
In a video statement on Wednesday, Villar said investors showed their support after President Ferdinand 'Bongbong' Marcos Jr. presented the proposed bill to them in his opening remarks during the Philippines Country Strategy Dialogue.
"Galing po ako sa dialogue kahapon at masasabi ko na marami po ang nagiging interested. Maraming interesado sa Pilipinas at syempre po sa wealth fund dahil ito ay isang pondo na nakikita nila na magagamit natin para lalong bumilis ang development ng ating bansa," he said.
"Of course, as investors gusto rin nilang makita na active tayo sa infrastructure at sa mga products or funds that can help the government,” Villar added.
The Senator, who is part of Marcos Jr.'s official delegation in Davos, also backed the proposed bill and cited some of its advantages once enacted.
Villamor mentioned that the Maharlika wealth fund can help the government to generate income and can improve the country's fiscal situation.
"Sympre po, ang kagandahan ng wealth fund [ay] naka-allocate ang income para sa benefit ng ating kababayan... for social projects na makakatulong sa mahihirap. Lahat po ay makaka-benefit," he added.
House Bill 6398 or Maharlika Investment Act was passed on its third and final reading at the House of Representatives last December 15. but it is still pending at Senate.
