“Former senator Bam Aquino was the originally proponent of a sovereign wealth fund similar to the Maharlika Wealth Fund recently proposed by House Speaker Martin Romualdez and Rep. Sandro Marcos.”
Vera Files rated this: Needs context
Vera Files says: Bam Aquino, a cousin of the late president Benigno Aquino III, indeed filed a bill creating a sovereign wealth fund. However, Aquino’s bill provided that funding for the SWF would come from the General Appropriations Ac…