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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.
The Marcos administration continued its strategy of relying on international loans to fund the projects that would support the booming economy, prompting later economists to label this a period of "debt driven" growth. [15] Marcos’ infrastructure spending grew significantly. However, many projects did not produce economic returns.
On June 13, 2024, Marcos, Jr. signed into law, R.A. 12001, the 'Real Property Valuation and Assessment Reform Act', part of Legislative-Executive Development Advisory Council and his 8-Point Socioeconomic Agenda.
Dutertenomics is a catch-all term referring to the socioeconomic policies of Rodrigo Duterte, the 16th president of the Philippines. A significant part of these policies include the development of infrastructure and industries in the Philippines. [1]
The Philippines is beset with numerous challenges, from soaring prices, food shortages, poverty and inequities in education, but Marcos, the son of the strongman overthrown in a 1986 revolt, said ...
The Build!Build! Build! Infrastructure Program (BBB) was the infrastructure program of the administration of Rodrigo Duterte, the 16th president of the Philippines.A key component of his socioeconomic policy, the program aimed to reduce poverty, encourage economic growth and reduce congestion in Metro Manila, and address the country's infrastructure gap.
MANILA (Reuters) -Ferdinand Marcos, the son of the Philippine ruler overthrown in a popular uprising 36 years ago, was sworn in as the country's president on Thursday, promising to strive for ...
Providing for the abolition of the Agricultural Credit Administration and transferring its functions to the Land Bank of the Philippines: July 8, 1982 817 Providing for the abolition of certain inactive Government corporations 818 Amending Presidential Decree No. 1003-A, creating the National Academy of Science and Technology and for other purposes