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Pimentel vows to oppose Maharlika fund bill

ABS-CBN News
Posted at Mar 27 01:14 PM

Senate Minority Leader Koko Pimentel on Monday vowed to oppose the proposed sovereign wealth fund, which has reached the Senate floor. Read more »

BPI Wealth wins bid for P1-B Pag-IBIG Fund portfolio

ABS-CBN News
Posted at Mar 02 08:51 AM

The Bank of the Philippine Island's wealth management arm BPI Wealth said it won the bid to manage an additional Pag-IBIG Fund P1 billion portfolio. Read more »

Sandiganbayan junks ill-gotten wealth case vs Marcos Sr.

Adrian Ayalin, ABS-CBN News
Posted at Feb 22 05:28 PM

Sandiganbayan dismissed a case against former Pres. Ferdinand Marcos Sr. and his cohorts due to lack of evidence that they hid ill-gotten wealth. Read more »

BPI Asset Management rebrands as BPI Wealth

ABS-CBN News
Posted at Feb 16 10:10 AM

BPI Wealth Asset Management has rebranded to BPI Wealth. Read more »

Senators question provisions in proposed Maharlika investment fund

ABS-CBN News
Posted at Feb 15 10:33 PM

Philippine senators criticized an administration proposal to create a sovereign wealth fund. Read more »

Remove BSP, state banks from Maharlika: advocacy group

ABS-CBN News
Updated as of Feb 16 08:34 AM

An economics advocacy group said including the BSP, and two major state-run banks as funding sources in the proposed Maharlika fund will create a lot of problems. Read more »

Makabayan bloc wants Maharlika fund bill certification declared as unconstitutional

ABS-CBN News
Updated as of Feb 14 09:38 AM

The Makabayan bloc at the House of Representatives on Monday filed a petition at the Supreme Court seeking to declare the presidential certification of the Maharlika Investment Fund Bill as unconstitutional and invalid. Read more »

Norway's sovereign wealth fund pulls out of Adani

Agence France-Presse
Posted at Feb 09 07:50 PM

Norway's $1.2 trillion sovereign wealth fund, the world's largest, said Thursday it has completely divested its assets in the troubled Indian conglomerate Adani. Read more »

China's mega-rich move their wealth, and partying, to Singapore

Martin Abbugao and Catherine Lai, Agence France-Presse
Updated as of Feb 07 02:38 PM

Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth from a Communist Party that increasingly views them with suspicion. Read more »

Taxpayers to bear risks if Maharlika loses - senator

ABS-CBN News
Posted at Feb 03 05:01 PM

Sen. Sherwin Gatchalian on Friday warned that taxpayers would bear the risk should the proposed Maharlika Investment Fund loses. Read more »

Senate minority rules out support for current version of Maharlika fund bill

Sherrie Ann Torres, ABS-CBN News
Posted at Feb 02 06:52 PM

Senate Minority Leader Koko Pimentel ruled out Thursday his group's support for the proposed Maharlika Investment Fund. Read more »

Chiz doubts current version of Maharlika bill will pass Senate

ABS-CBN News
Updated as of Feb 02 01:49 PM

Sen. Francis Escudero on Thursday expressed doubts the current version of the bill creating the Maharlika Investment Fund would pass the Senate. Read more »

Escudero questions Landbank, DBP capital allocation for Maharlika; says lend to agri instead

ABS-CBN News
Updated as of Feb 02 01:06 PM

Senator Chiz Escudero on Thursday said the Landbank of the Philippines and the Development Bank of the Philippines should consider lending to the Agriculture sector instead of funding the Maharlika Investment Fund. Read more »

Pagbusisi ng Senado sa Maharlika fund nagsimula na

ABS-CBN News
Posted at Feb 01 08:30 PM

Umarangkada na ang pagtalakay ng Senado sa panukalang Maharlika Investment Fund. Read more »

Sandiganbayan junks Marcoses' plea to recover sequestered assets

Adrian Ayalin, ABS-CBN News
Posted at Feb 01 07:28 PM

The Sandiganbayan 4th Division denied the motion filed by former First Lady Imelda Marcos and her daughter Irene Marcos-Araneta for some ill-gotten properties to be released to them. Read more »

Maharlika puts BSP, economy at risk, econ groups warn

ABS-CBN News
Posted at Feb 01 05:03 PM

As the Senate deliberates on the Maharlika Investment Fund, several groups warned that it poses several risks to the Bangko Sentral ng Pilipinas. Read more »

Senate won't rush Maharlika bill: Zubiri

Sherrie Ann Torres, ABS-CBN News
Posted at Jan 31 07:10 PM

Senators will take their time deliberating on the proposed Maharlika Investment Fund, Senate President Juan Miguel Zubiri said Tuesday. Read more »

Norway's sovereign wealth fund loses $164 billion

Agence France-Presse
Updated as of Jan 31 05:45 PM

Norway's sovereign wealth fund, the world's largest, said Tuesday it recorded a loss of $164 billion in 2022, citing volatile markets. Read more »

Hong Kong's sovereign wealth fund suffers record loss

Agence France-Presse
Posted at Jan 30 10:39 PM

Hong Kong's half-trillion-dollar investment fund has suffered its largest loss on record of more than HK$200 billion ($25 billion), authorities said Monday. Read more »

Privatizing PCSO, PAGCOR to solve Maharlika funding woes: Drilon

ABS-CBN News
Updated as of Jan 28 02:14 PM

Former Senator Franklin Drilon said the privatization of PAGCOR and the PCSO would generate P300 billion revenues annually. Read more »