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In late November 2022, seven lawmakers in the Philippine House of Representatives, including Martin Romualdez and Sandro Marcos, filed House Bill No. 6398, [b] proposing the creation of a sovereign wealth fund for the Philippines to be known as the Maharlika Wealth Fund (MWF), inspired from South Korea's sovereign wealth fund.
Despite this, Malacañang maintains that these trips are crucial for securing investments and advancing the administration's economic agenda. [113] Marcos himself has consistently emphasized the importance of positioning the Philippines as a key investment destination in Asia, citing ₱3.9 trillion in investment pledges secured during his ...
Marcos ran for president on a campaign platform centered on national unity and continuity of the policies of Rodrigo Duterte, his predecessor. [20] [21] He won the 2022 elections, receiving 31,629,783 (58.77%) votes out of a total of 56,097,722, beating his closest rival, Liberal Party member and Vice President Leni Robredo by over 15 million votes.
[7] [8] It was revised again in August 2020, bringing the total number of projects to 104, expanding its scope included health, information and communications technology, as well as water infrastructure projects to support the country's economic growth and recovery from the effects of the COVID-19 pandemic. As of September 11, 2020, 24 projects ...
The Philippines 2000 program would be succeeded by other socio-economic programs: Angat Pinoy 2004, instituted by Joseph Estrada, the ten-point Strong Republic agenda instituted by Gloria Macapagal Arroyo, Daang Matuwid agenda instituted by Benigno Aquino III, DuterteNomics agenda instituted by Rodrigo Duterte, and Bagong Pilipinas agenda instituted by Bongbong Marcos
The Marcos administration approved 194 infrastructure projects, ranging from public transport, power, health, information technology, water resources, and agriculture. [ 1 ] [ 2 ] 77 of those project were carried from past administrations while 123 are “new and initiated” by the Marcos administration. [ 3 ]
WASHINGTON — Top House progressives will unveil a sweeping agenda Thursday to lay down a marker for the policies they’ll push next year if Democrats win the 2024 election, from a higher ...
Marcos built his campaign on the promise that his administration would change the Philippine economy and government. Marcos had inherited an economy was growing at a steady pace, but he gave the impression of even quicker results by using foreign loans to fund projects. He attracted a new breed of economic managers to work under his administration.