Marcos inks MIF bill into law

President Ferdinand R. Marcos Jr. signs Republic Act 11954 or the Maharlika Investment Fund Act of 2023 at the Kalayaan Hall of Malacañan Palace in Manila on Tuesday (July 18, 2023). Marcos said the MIF is designed to drive economic development in the country. (PNA photo by Rolando Mailo)

PRESIDENT FERDINAND R. Marcos Jr. on Tuesday signed into law a bill establishing the Maharlika Investment Fund (MIF), the Philippines' first-ever sovereign wealth fund.