Latest News for: Sovereign wealth


Saudi Arabia signs Huawei deal, deepening China ties on Xi visit

The Wire Network 09 Dec 2022
King Salman signed a "comprehensive strategic partnership agreement" with Xi, who received a lavish welcome in a country forging new global partnerships beyond the West ... Xi heralded "a new era" in Arab ties ... Xi was met on arrival by the governor of Riyadh, the kingdom's foreign minister and the governor of sovereign wealth fund PIF ... ....

UK court finds financiers guilty of defrauding Libyan sovereign wealth fund

FX Empire 08 Dec 2022
LONDON (Reuters) – A former JPMorgan investment manager and an ex-Julius Baer banker were found guilty in a London court on Thursday of defrauding a Libyan sovereign wealth fund out of millions of dollars by paying hidden fees to their own offshore companies ... Advertisement ... ....

Editorial: Maharlika Wealth Fund: A risky proposal

Sun Star 08 Dec 2022
The lawmaker said the sovereign wealth fund will use the profits of the Bangko Sentral ng Pilipinas (BSP) ... Cuisia said some governments, specifically the rich ones, set up a sovereign wealth fund because they have huge excess funds from the sales of their products ... wealth fund.

Former bankers guilty of defrauding Libyan sovereign wealth fund

Business Day 08 Dec 2022
Two former London bankers were convicted by a London jury of defrauding Libya out of millions of dollars, , bringing an end to a case that has spurred several civil and criminal suits. . Frederic Marino and Yoshiki Ohmura were on trial in London on allegations of conspiring to commit fraud from 2009 and 2014 ... Bloomberg News.

Maharlika wealth fund unnecessary and unaffordable — Risa Hontiveros

The Philadelphia Inquirer 08 Dec 2022
MANILA, Philippines --- The country cannot afford a sovereign wealth fund, said opposition Sen ... wealth fund," Hontiveros stated.

'Maharlika fund good idea if done properly'

The Manila Times 08 Dec 2022
THE Marcos administration's plan to create a sovereign wealth fund could actually work and present vast investment opportunities if it is "done properly," Go Negosyo founder Jose Maria "Joey" Concepcion 3rd said Thursday ... He noted that if the sovereign wealth fund, whose creation ...

Quimbo: We take the heat on MIF

Manila Standard 08 Dec 2022
Congressmen on Thursday admitted taking the heat and getting off the wrong foot on the country’s proposed sovereign wealth fund, even as they broached a smaller starting amount for the fund with seed money coming from government banks and other sources ... wealth fund proposal.

Business group urges evaluation of similar PH gov’t sovereign funds

Manila Bulletin 08 Dec 2022
... with a decision on the proposed Maharlika Wealth Fund (MWF).

Blume Ventures raises $250m fund

The Times of India 08 Dec 2022
Bengaluru ... The fund is backed by some of India’s family offices, global family offices, sovereign wealth funds (India and overseas), and emerging market fund of funds ... Start a Conversation. .

Global pensions with $3 trln on books fear stagflation -survey

Hellenic Shipping News Worldwide 08 Dec 2022
Global public pension schemes and sovereign wealth funds managing more ...


The Philippine Star 08 Dec 2022
The good news is, they have backtracked. Rep. Stella Quimbo announced that they have decided to drop SSS and GSIS as sources of funding for the proposed Maharlika Sovereign Wealth Fund ....

Railroading Maharlika

The Philippine Star 08 Dec 2022
The House bill creating the P275-billion Maharlika sovereign wealth fund continues to evolve – or mutate, like SARS-CoV-2 ....

China's Xi on 'epoch-making' visit to Saudi Arabia

Khaleejtimes 08 Dec 2022
On Wednesday, Chinese President Xi Jinping arrived in Saudi Arabia on a visit that Beijing hailed as its biggest diplomatic initiative in the Arab world ... ALSO READ ... Xi was met on arrival by the governor of Riyadh, the Kingdom’s Foreign Minister and the governor of the sovereign wealth fund PIF ... .

Lodha group plans to raise Rs 3,700 crore via QIP route

Financial Express 08 Dec 2022
Lodha group, Jefferies, Kotak, and GIC did not respond to emails seeking comment, while Capital Group declined to comment, according to the report. Follow Us ... Also Read ... Singapore’s sovereign wealth fund GIC and US-based investment fund Capital Group are said to be potential suitors, said the sources ... .

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