Guaranteeing the Maharlika Fund's debt instruments, can lead to “legacy problems” similar to those encountered by the National Development Corp., which had to write off billions of pesos in losses due to poor investments in the First Centennial Clark Corp., the National Steel Corp., Philippine National Construction Corp., the Leyte Industrial Development Estate, to name a few. #MaharlikaFund #sovereignwealthfund #FoundationForEconomicFreedom #MAP #UPSEAA

https://businessmirror.com.ph/2023/02/01/economists-businessmencite-maharlika-fund-risks/