MANILA -- The Philippines' new sovereign wealth fund is set to launch in the third quarter of this year with "proper" corporate governance to avoid the fate of scandal-ridden 1Malaysia Development Berhad (1MDB), according to its CEO.
In an exclusive interview with Nikkei Asia, Rafael Consing Jr. said Maharlika Investment Corp. (MIC), which has been hampered by a nearly yearlong delay, will prioritize transparency and accountability.
