Philippines releases revised rules for debut sovereign wealth fund

Philippines releases revised rules for debut sovereign wealth fund

An aerial view shows the Ortigas business district in Pasig City, Philippines, June 10, 2022. Picture taken with a drone. REUTERS/Adrian Portugal/file photo

The presidential communications office on Saturday released revised rules for the Philippines‘ first sovereign wealth fund, with changes to include granting powers to the president to accept or reject an advisory board’s nominations for top officials.